News

Jakks Pacific Q3 results come in above expectations

Toyco Jakks Pacific has reported its Q3 results for the period ended September 30, 2010, revealing an increase in profits alongside a drop in revenue from last year's US $351.4 million to US $348.7 million.
October 27, 2010

Toyco Jakks Pacific has reported its Q3 results for the period ended September 30, 2010, revealing an increase in profits alongside a drop in revenue from last year’s US $351.4 million to US $348.7 million.

Reported profits for the period were US$40.4 million, including tax benefits of US$5.9 million, compared to US$33.7 million during the same period last year.

Jakks’ board of directors has also authorized a stock buy-back program of up to US$30 million-worth of the company’s common stock.

Halloween costumes and accessories, which feature entertainment properties such as Iron Man 2, Toy Story 3, Sesame Street and Hasbro brands, showed a robust sell-in according to Jakks president and CEO Stephen Berman.

The company expects to achieve net sales for this year in the range of between US$710 and US$720 million, including a tax benefit of US$10.8 million as well as a Jack Friedman benefit payment of US$2.8 million.

About The Author
Wendy is Kidscreen’s Associate Editor. When she’s not sourcing material for the brand's daily email newsletter, she’s researching, writing and connecting with others about the newest trends in digital media. Contact Wendy at wgoldman@brunico.com.

Menu

Brand Menu