Toy maker Jakks Pacific Inc posted wider-than-expected quarterly loss and forecast a weak first quarter as heavy discounting eats into its margins.Toy companies faced flagging sales in 2011 and stepped up discounting to attract bargain-hungry shoppers during the year-end holiday shopping season.Last month, the world's largest toy company Mattel Inc posted quarterly sales below analysts' estimates and said it sees higher input, labor and transportation costs in 2012. The maker of Barbie dolls and Hot Wheels cars, however, said it would raise prices of its toys to combat rising costs.Earlier this month, the second-largest U.S. toy company Hasbro Inc also reported lower-than-expected quarterly sales in the holiday quarter.
Shares of HAS remained unchanged at $36.18. In the past year, the shares have traded as low as $31.36 and as high as $48.43. On average, 1900520 shares of HAS exchange hands on a given day and today's volume is recorded at 0.
JAKKS Pacific, Inc. (JAKKS) is a toy company that designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. Shares of JAKK remained unchanged at $15.06. In the past year, the shares have traded as low as $13.29 and as high as $21.21. On average, 210133 shares of JAKK exchange hands on a given day and today's volume is recorded at 0.
Mattel, Inc. designs, manufactures and markets a range of toy products worldwide through sales to its customers and directly to consumers. Shares of MAT remained unchanged at $32.44. In the past year, the shares have traded as low as $22.70 and as high as $32.79. On average, 3273200 shares of MAT exchange hands on a given day and today's volume is recorded at 900.
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