Jakks Pacific sinks after Frozen, yet to spin up ahead of Sonic the Hedgehog

Cons. Discr. - Durables 387 Earnings 555 Quote Watch 321 U.S. 4832

Toy maker Jakks Pacific reported Q4’20 revenues which fell by 15.8% year over year after a drop in sales linked to Disney’s Frozen franchise. A new deal with Sega covering the “Sonic the Hedgehog” franchise may help replace lost revenues. The firm’s U.S. seaborne imports have yet to recover with a 44.0% year over year slide in January following a 22.9% drop in Q4’20. Like other toy firms in Q4’20 the firm’s CEO Steve Berman noted “freight costs started rising sharply as the holiday season approached” though the firm has cut costs to mitigate the effect. Unlike Jakks Pacific though many o...

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