Toymaker JAKKS Pacific sees stock surge and announces partnership with Authentic Brands Group

  • JAKKS Pacific shares rise 20% in pre-market trading
  • Announces agreement with Authentic Brands Group
  • Deal involves designing, making, and distributing products inspired by Authentic’s brands
  • Third-quarter earnings per share of $4.53 on sales of $309.7 million
  • Adjusted third-quarter EPS of $4.75, above last year’s $3.80

Shares of toymaker Jakks Pacific were rising in pre-market trading Thursday, a day after the company released its third-quarter financial results and announced an agreement with Authentic Brands Group. The deal, which was announced after the bell Wednesday, will see Jakks design, make and distribute products inspired by Authentic’s brands, which include Forever 21 and Juicy Couture. After the bell Wednesday, Jakks reported third-quarter earnings per share of $4.53 on sales of $309.7 million. In the year-ago period, the company reported EPS of $2.96 on sales of $323 million. On an adjusted basis, the company reported third-quarter EPS of $4.75, above the $3.80 reported in the third quarter last year.

Factuality Level: 8
Factuality Justification: The article provides factual information about Jakks Pacific’s third-quarter financial results and its agreement with Authentic Brands Group. The information is straightforward and does not contain any obvious bias or misleading information. However, the article lacks in-depth analysis or context about the significance of the financial results and the impact of the agreement on Jakks Pacific’s business.
Noise Level: 7
Noise Justification: The article provides some relevant information about Jakks Pacific’s third-quarter financial results and its agreement with Authentic Brands Group. However, it lacks in-depth analysis, scientific rigor, and intellectual honesty. It also does not provide any actionable insights or solutions. The article mainly focuses on the stock price movement and basic financial figures, without exploring the long-term trends or consequences of the deal. Overall, it contains some noise and filler content, making it closer to a noise level of 7.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Jakks Pacific
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the third-quarter financial results and an agreement between Jakks Pacific and Authentic Brands Group. There is no mention of an extreme event.
Public Companies: JAKKS Pacific (N/A), Authentic Brands Group (N/A)
Private Companies: Forever 21,Juicy Couture
Key People:

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