By Elias Schisgall
Shares of Jakks Pacific rose after the company narrowed its loss in the fourth quarter.
Shares surged 22% to $22.15 as of Friday afternoon. The stock has fallen 36% over the past year.
The toy maker late Thursday reported a quarterly loss of $5.32 million, or 47 cents a share, compared with a loss of $9.11 million, or 83 cents a share, a year earlier.
Stripping out certain one-time items, the company posted a loss of 18 cents a share.
Sales fell 2.8% to $127.1 million, down from $130.7 million a year earlier.
In the company's dolls, role-play and dress-up segment, sales fell 22% to $48.8 million. Outdoor and seasonal-toys revenue meanwhile jumped 54% to $13 million and action-play and collectibles sales rose 19% to $56.2 million.
Sales in the costumes division fell 28% to $9.1 million.
Chief Executive Officer Stephen Berman said demand began to normalize in the fourth quarter following significant disruptions in the second and third quarters from changes in U.S. tariff policy.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
February 20, 2026 12:51 ET (17:51 GMT)
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