Jakks Pacific pleased with Q3 results

"Our current momentum continues with margins steadily improving, product innovation across a strong portfolio of brands delivering higher profitability, and more efficient operations."
Author:
Publish date:
Social count:
0

Jakks Pacific has reported its financial results for the third quarter 2015.

Net sales for the quarter ending September 30th, 2015 were $337m, compared to $349.4m reported in the comparable period in 2014.

Reported net income for the third quarter was $45.8m. This compares to net income of $44.1m reported in the comparable period in 2014.

In the nine month overview, net sales for the nine months ending September 30th, 2015 were $582.3m compared to $556m in 2014. 

“We’re very pleased with our performance in the third quarter," said Jakks' chief executive officer and chairman of the board, Stephen Berman.

"Our current momentum continues with margins steadily improving, product innovation across a strong portfolio of brands delivering higher profitability, and more efficient operations. We remain focused on executing our full year plans across all brands this holiday season.

"Domestically, we are pleased with the strong consumer demand for Star Wars Big-Figs line of products and other several key drivers such as Sing-A-Long Elsa, XPV Remote Control Hulk Smash and Max Tow Truck Turbo which have already received numerous awards from retailers, industry experts and media.

"These key drivers in the portfolio have been featured on several hot toy lists including Walmart’s Chosen by Kids, Target’s Top Toys, Kmart’s Fab 15, Toys R Us, Time to Play Magazine’s Most Wanted and the Toy Insider Hot 20. JAKKS Pacific’s line of Frozen and Star Wars products drove much of the success in the international business.

“Looking ahead to 2016, we have a strong pipeline of products, and new licenses, creating a strong entertainment slate for us next year, and in the coming next few years. Building within the categories which we are leaders, coupled with expanded innovation, and hot new and current evergreen licences, we feel confident in the coming years ahead.

"We have just finished our Fall 2016 Toy Preview with customers from around the world, and we are also encouraged by the positive response now to both our Spring and Fall product lines."

Related

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.