Jakks Pacific, Inc. (JAKK) Posts Q1 Loss of 74c/Share

Jakks Pacific, Inc. (NASDAQ: JAKK) reported Q1 EPS of ($0.74), $0.02 better than the analyst estimate of ($0.76). Revenue for the quarter came in at $82.5 million versus the consensus estimate of $76.13 million.

Stephen Berman, President and CEO, JAKKS Pacific, Inc., stated, “Our first quarter results were gratifying and bode well for the balance of the year. Top contributors for the quarter included dolls, dress-up and role play in our Frozen line, Disney® Pirate Fairies dolls and dress-up, preschool foot-to-floor ride-ons and wagons, and many more.”

“Looking ahead, our Fall lines are proceeding on plan and we expect our broad array of products to have wide placement at retail, including new Frozen dolls, dress-up and role play items, top boys licensed products in our large scale figures line such as Godzilla®, Teenage Mutant Ninja Turtles® and Star Wars Rebels™, new Hero Portal™ Plug It In & Play TV Games® consoles, Nintendo® plush and figures, and Max Tow Truck™ vehicles. We are also very excited about the expansion expected for this Fall of our DreamPlay™ apps and toy products using the proprietary iD™ recognition technology of NantWorks, our joint venture partner. We will plan on launching new updates to our existing DreamPlay apps, new apps tied to other products in our line including Max Tow Truck, and a stand-alone app, all of which are anticipated to provide unique play experiences and first rate augmented reality animation.”

Jakks Pacific, Inc. reaffirmed FY2014 guidance.

For earnings history and earnings-related data on Jakks Pacific, Inc. (JAKK) click here.

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