2024-01-24 16:14:48 ET
Summary
- JAKKS manufactures and distributes toys, with a good amount of branded deals including Nintendo, Disney, and Sonic the Hedgehog.
- The company's long-term revenue history has been turbulent, including large periods of revenue falls.
- JAKKS' margins have increased well from pre-pandemic levels along with revenues, and the company has signed new agreements with brands fueling possible growth in the next years.
- Despite an improved performance, I remain cautious as the long-term history still weighs on my confidence about JAKKS' earnings' sustainability.
JAKKS Pacific, Inc. ( JAKK ) manufactures and distributes action figures, dolls, costumes, and other toys in the United States as well as internationally. The company sells a large amount of branded action figures and dolls - for example, the company has deals with Nintendo for the Mario world's characters, Disney's ily 4EVER, and the Sonic the Hedgehog brand. In 2024, JAKKS is looking ahead to add to sales from the Simpsons brand, and Authentic Brands Group's owned brands....
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JAKKS Pacific: I Am Cautious Despite Great Potential