Articles Tagged ‘Jakks Pacific’
Strong sales of Frozen and Max Tow Truck products helped Jakks Pacific post a net income of US$2.8 million for the fourth quarter, up from a net loss of US$16.1 million for the same period last year, and an overall return to profitability in 2014.
US retail toy sales grew by 4% to US$18.08 billion and Disney’s Frozen was the top US property in 2014, according to the latest numbers from market research firm The NPD Group.
With eight nominations, Canada’s Spin Master leads the Toy Industry Association’s annual awards competition, but Lego and Hasbro are in hot pursuit with six nominations each. Frozen’s Elsa, meanwhile, will be duking it out with the likes of TMNT, Minecraft and Paw Patrol for Property of the Year.
Jakks reports a 16.9% increase in net sales for Q2 2014, but still sustains overall losses of US$9.1 million.