Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $9.32 USD
Change Today -0.53 / -5.38%
Volume 437.9K
JAKK On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

jakks pacific inc (JAKK) Key Developments

JAKKS Pacific, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Year 2015

JAKKS Pacific, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $131.1 million, compared to $124.2 million reported in the comparable period in 2014. The company reported net loss attributable to the company for the second quarter was $5.7 million, or $0.30 per diluted share. This compares to a net loss of $9.1 million, or $0.43 per diluted share, reported in the comparable period in 2014. Adjusted EBITDA for the second quarter of 2015 improved to $1.5 million, compared to adjusted EBITDA of $1.2 million in 2014. Loss from operations was $3.008 million against $4.819 million a year ago. Loss before provision for income taxes was $4.414 million against $7.772 million a year ago. Capital expenditures were $4.8 million for the second quarter of 2015, net of tenant improvement reimbursements of $3.3 million compared to $5.7 million for the second quarter of 2014. Net sales for the six months ended June 30, 2015 increased 19% to $245.3 million compared to $206.7 million in 2014. The company reported net loss attributable to the company for the six month period was $13.3 million, or $0.69 per diluted share. This compares to a net loss for the first six months of 2014 of $25.4 million, or $1.17 per diluted share. Adjusted EBITDA for the first six months of 2015 improved to $0.6 million, compared to negative EBITDA of $10.4 million for the first six months of 2014. Loss from operations was $7.207 million against $19.713 million a year ago. Loss before provision for income taxes was $11.568 million against $24.561 million a year ago. The company reiterates its previously issued guidance for the full year of 2015, which estimated net sales in the range of $730 million to $740 million, earnings in the range of approximately $0.71 to $0.75 per diluted share and adjusted EBITDA in the range of approximately $56 million to $58 million. The effective tax rate for 2015 is expected to be approximately 15%, with quarterly variations based on the flow of taxable income by territory. For the full year, the company expects capital expenditures to be in the range of $13 million to $14 million.

SKECHERS USA, Inc. Partners with JAKKS Pacific, Inc. to Launch New Line of Twinkle Toes Branded Dolls

SKECHERS USA, Inc. announced that it has partnered with JAKKS Pacific, Inc. to launch a new line of dolls based on SKECHERS’ popular Twinkle Toes character. The initial launch includes four unique dolls that stand 6.5-inches in height dressed in colorful, fashion-forward outfits and light-up SKECHERS Twinkle Toes shoes that complement their bright personalities. Additionally, SKECHERS and JAKKS have partnered to create original digital media content that is animated by the production team Cosmic Toast Studios. Beginning in July, 11 webisodes featuring the Twinkle Toes doll characters will be released bimonthly on TwinkleToesUSA.com. Each webisode will follow the adventures of the four “Twinkle Girls” as they encounter life lessons and themes such as friendship, the importance of education, and setting goals.

JAKKS Pacific, Inc. to Report Q2, 2015 Results on Jul 22, 2015

JAKKS Pacific, Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 22, 2015

JAKKS Pacific, Inc., Q2 2015 Earnings Call, Jul 22, 2015

JAKKS Pacific, Inc., Q2 2015 Earnings Call, Jul 22, 2015

JAKKS Pacific, Inc., Creative Designs International, Ltd., Disguise, Inc., Maui, Inc., Moose Mountain Marketing, Inc. and Kids Only, Inc. Enters into Credit Agreement

JAKKS Pacific, Inc., Creative Designs International, Ltd., Disguise, Inc., Maui, Inc., Moose Mountain Marketing, Inc. and Kids Only, Inc. entered into a fourth amendment to credit agreement which had the effect of, among other things, extending the maturity date of the credit agreement to March 27, 2019, reducing the applicable interest rates, reducing the unused commitment fee under certain circumstances, requiring to refinance or extend the due date of currently outstanding convertible notes due 2018 to at least September 27, 2019, and permitting to repurchase up to $30 million of common stock and/or convertible notes through open market repurchases or in privately negotiated transactions through March 31, 2016. The foregoing description of the amendment is qualified in its entirety by reference to the fourth amendment to credit agreement. General Electric Capital Corporation as Agent and as a Lender, and the other Lenders signatory hereto. Borrowers, the other Credit Parties party thereto, Agent and the Lenders from time to time party thereto are parties to that certain Credit Agreement dated as of March 27, 2014, as amended by the First Amendment to Credit Agreement dated April 4, 2014, the Second Amendment to Credit Agreement dated June 5, 2014, and the Third Amendment to Credit Agreement and Amendment to Guaranty and Security Agreement dated December 31, 2014. Capitalized terms used in this Agreement and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement. Borrowers have requested that Agent and Lenders amend certain provisions of the Credit Agreement, and, subject to the satisfaction of the conditions set forth herein, Agent and Lenders are willing to do so on the terms set forth herein. The definitions of "Applicable Margin" and "Stated Maturity Date" are deleted from Section 12.02 of the Credit Agreement, and the following definitions of "Applicable Margin," "Fee Letter" and "Stated Maturity Date" are added to Section 12.02 of the Credit Agreement. Applicable Margin means if a Base Rate Loan, 1.25% per annum and if a LIBOR Rate Loan, 2.25% per annum. Not with standing anything herein to the contrary, Swing Loans may not be LIBOR Rate Loans. Stated Maturity Date means March 27, 2019.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
JAKK:US $9.32 USD -0.53

JAKK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Blyth Inc $4.45 USD -0.16
Checkpoint Systems Inc $8.61 USD -0.13
Ennis Inc $16.46 USD -0.32
Lifetime Brands Inc $14.49 USD -0.05
Tomy Co Ltd ¥680.00 JPY -1.00
View Industry Companies
 

Industry Analysis

JAKK

Industry Average

Valuation JAKK Industry Range
Price/Earnings 11.8x
Price/Sales 0.2x
Price/Book 1.4x
Price/Cash Flow 7.0x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact JAKKS PACIFIC INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.