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Jakks Q3 sales surge on shoulders of hot licenses

Malibu, California's Jakks Pacific reported a sizeable bump in net sales for the most recent quarter, bringing in US$318.4 million, compared to US$295.8 million recorded in Q3 2006. Net income was also up from US$40.5 million to US$47.3 million.
October 22, 2007

Malibu, California’s Jakks Pacific reported a sizeable bump in net sales for the most recent quarter, bringing in US$318.4 million, compared to US$295.8 million recorded in Q3 2006. Net income was also up from US$40.5 million to US$47.3 million.

Jakks has picked up several new master toy licenses in the last two months and it’s not hard to see why. Current properties Hannah Montana, WWE and Pokémon played a large part in driving the most recent sales surge.

The picture for the first nine months is also relatively rosy with net sales ringing in at US$572 million, up from US$527.1 million in 2006.

Jakks’ president and COO Stephen Berman said the company is en route to achieve its previously announced 2007 year-end goal of generating a net income of US$75.8 million on US$800 million in net sales.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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