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Jakks Pacific enjoys growth in Q3

Malibu, California-based Jakks Pacific reported Q3 net sales were US$357.8 million, up from US$318.4 million during the same period last year.
October 21, 2008

Malibu, California-based Jakks Pacific reported Q3 net sales were US$357.8 million, up from US$318.4 million during the same period last year.

Net income for Q3 was US$54.1 million, compared to US$47.3 million for Q3 2007.

Net sales for the nine months ended September 30 were US$634.1 million, up from US$572.0 million during the same period the previous year, while net income also increased to US$59.2 million from US$55.6 million.

Jack Friedman, chairman and CEO of Jakks Pacific says that the majority of new items for the holiday season have been shipped this quarter with solid results from the dolls, action figures, role play, activity toys and electronic categories, including Girl Gourmet Cupcake Maker, EyeClops, Disney Princess and Hannah Montana lines.

Friedman added that he remains confident that the company will achieve its 2008 forecasted revenues.

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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