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分组1 - Jakks Pacific reported quarterly earnings of $1.8 per share, missing the Zacks Consensus Estimate of $2.6 per share, and down from $4.79 per share a year ago, representing an earnings surprise of -30.77% [1] - The company posted revenues of $211.21 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 18.99%, and down from $321.61 million year-over-year [2] - Jakks shares have lost about 36.6% since the beginning of the year, while the S&P 500 has gained 17.2% [3] 分组2 - The current consensus EPS estimate for the coming quarter is -$0.96 on revenues of $132.59 million, and for the current fiscal year, it is $1.63 on revenues of $588.19 million [7] - The Zacks Industry Rank for Toys - Games - Hobbies is currently in the top 39% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8]

Financial Data and Key Metrics Changes - Year-to-date net sales decreased by 21% compared to the previous year, with a 24% decline in toy consumer products and an 8% decline in costumes [7] - For Q3, sales in toys and consumer products dropped 41% to $156.1 million, marking the lowest Q3 in a long time, while costumes saw a smaller decline of 4% to $55.1 million [7][9] - Adjusted EBITDA for the quarter was $36.5 million, down from $74.4 million in the same quarter last year, leading to a trailing 12-month EBITDA of $29 million [10][20] - Gross margin for the quarter was 32%, down from 33.8% the previous year, reflecting the impact of tariff costs [9][19] Business Line Data and Key Metrics Changes - FOB sales were particularly challenged, with 93% of the year-over-year drop in sales attributed to FOB shipments [11] - International business remained roughly flat year-to-date, with a slight decline of 0.3%, but would be up 4% if Canada were excluded from North America reported numbers [12] - The company noted that many of its newer own-brand or private label launches were downgraded to fall soft launches due to delayed planogram sets [15] Market Data and Key Metrics Changes - Retail inventory was up mid-single digits year-to-date, while U.S. POS at the top three accounts was relatively subpar from both dollar and unit perspectives [18] - The company observed that leading manufacturers showed double-digit declines in dollars during the first five weeks of the season compared to last year [23] Company Strategy and Development Direction - The company is focusing on a robust and innovative product pipeline for 2026-2027, emphasizing margin preservation and careful pricing discipline [4][5] - Management is prioritizing international expansion and maintaining low inventory levels in the U.S. to prepare for a stronger 2026 [6][39] - The company is actively engaging with licensors to recalibrate royalty rates to avoid paying royalties on tariff values, which could further increase consumer prices [18] Management's Comments on Operating Environment and Future Outlook - Management highlighted the uncertainty in the retail environment due to fluctuating tariff levels, which has delayed holiday purchase orders [4] - The company is optimistic about the upcoming Super Mario Brothers movie as a potential catalyst for sales normalization [40] - Management expressed confidence in the long-term growth prospects, particularly in international markets, and is preparing for a strong 2026 [50][51] Other Important Information - The company renewed its S-3 shelf registration to maintain flexibility over the next three years, despite having no immediate plans for its use [21] - A cash dividend of $0.25 per share was approved for Q4, payable on December 29 [21] Q&A Session Summary Question: Key drivers for the business model moving forward - Management emphasized the need for certainty at retail and noted that recent tariff adjustments have provided more clarity for retailers [35][36] Question: Impact of the Super Mario Brothers movie - Management expressed excitement about the movie's potential to drive sales and noted that retailers are prepared for its release [40] Question: Normalization of sales and tariff impacts - Management confirmed that the first quarter had nominal impact, the second quarter saw significant cancellations, and the third quarter was heavily affected by tariffs [48][49] Question: Strategic M&A opportunities - Management acknowledged various opportunities for acquisitions but indicated a preference to assess the market post-2025 before making moves [56]

Financial Performance - Q3 2025 - Net sales for Q3 2025 were $211.2 million, a 34% decrease year-over-year[9] - Gross profit for Q3 2025 was $67.6 million, down from $108.8 million in Q3 2024, a 38% decrease[9, 45] - Operating income for Q3 2025 was $29.4 million, compared to $68.1 million in Q3 2024, a 57% decrease[9] - Adjusted EBITDA for Q3 2025 was $36.5 million, compared to $74.4 million in Q3 2024[9] - Adjusted net income attributable to common stockholders for Q3 2025 was $20.6 million ($1.80 per diluted share), compared to $54.0 million ($4.79 per diluted share) in Q3 2024[9] Financial Performance - Year to Date (9 Months) - Net sales year-to-date were $443.6 million, a 21% decrease year-over-year[9] - Gross profit year-to-date was $145.7 million, down 18% compared to $177.5 million in the first nine months of 2024[9] - Operating income year-to-date was $22.8 million, compared to $54.4 million in the first nine months of 2024[9] - Adjusted EBITDA for the first nine months of 2025 was $39.2 million, compared to $69.4 million in 2024[9] - Adjusted net income attributable to common stockholders year-to-date was $20.6 million ($1.79 per diluted share), down from $50.0 million ($4.50 per diluted share) in 2024[9] Sales by Category - Toys/Consumer Products net sales for Q3 2025 were $156.1 million, a 41% decrease year-over-year[13] - Costumes net sales for Q3 2025 were $55.1 million, a 4% decrease year-over-year[17]

Core Viewpoint - JAKKS Pacific, Inc. reported a significant decline in net sales for the third quarter and the first nine months of 2025, attributed to reduced consumer demand and challenges related to tariffs, while emphasizing a commitment to operational efficiency and product innovation for long-term growth [3][5][11]. Financial Performance - Net sales for Q3 2025 were $211.2 million, a decrease of 34% from $321.6 million in Q3 2024 [5][11]. - For the first nine months of 2025, net sales totaled $443.6 million, down 21% from $560.3 million in the same period last year [6][11]. - The Toys/Consumer Products segment saw a 41% decline in global sales to $156.1 million in Q3 2025, while Costumes sales decreased by 4% to $55.1 million [5][11]. - U.S. sales in Q3 2025 were $154.5 million, down 40% from $255.3 million in Q3 2024, and Rest of World sales were $56.7 million, down 15% from $66.3 million [5][11]. Profitability Metrics - Gross profit for Q3 2025 was $67.6 million, down from $108.8 million in Q3 2024, resulting in a gross margin of 32.0%, compared to 33.8% in the prior year [11]. - Adjusted net income attributable to common stockholders for Q3 2025 was $20.6 million, or $1.80 per diluted share, compared to $54.0 million, or $4.79 per diluted share, in Q3 2024 [11]. - Trailing twelve-month EBITDA as of September 30, 2025, was $29.0 million, down from $58.5 million a year earlier [7][11]. Cash and Inventory Management - Cash and cash equivalents totaled $27.8 million as of September 30, 2025, an increase from $22.3 million at the same time last year, but down from $70.1 million as of December 31, 2024 [7]. - Inventory levels rose to $71.5 million compared to $63.5 million a year ago, indicating a need for improved inventory management [7]. Dividend Declaration - The Board of Directors declared a quarterly dividend of $0.25 per share, payable on December 29, 2025, to shareholders of record on November 28, 2025 [8]. Management Commentary - The CEO highlighted the importance of maintaining margins and supporting retail partners while preparing for a strong product pipeline extending into 2026 and beyond [3][4]. - The company remains confident in its long-term trajectory by focusing on operational efficiency, cash generation, and product innovation [5].

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Core Viewpoint - JAKKS Pacific, Inc. will announce its third quarter 2025 financial results on October 30, 2025, after the market closes [1] Group 1: Financial Results Announcement - The company invites analysts, investors, and media to a teleconference on October 30, 2025, at 5:00 p.m. ET to discuss the financial results and future plans [2] - A live webcast of the call will be available on the company's Investor Relations page [2] - Participants are encouraged to join the call ten minutes early to avoid delays [2] Group 2: Company Overview - JAKKS Pacific, Inc. is a leading designer, manufacturer, and marketer of toys and consumer products, headquartered in Santa Monica, California [3] - The company offers popular proprietary brands such as AirTitans®, Disguise®, and Fly Wheels®, among others, and features a range of entertainment-inspired products [3] - JAKKS Pacific aims to make a positive impact on children's lives through its products and charitable donations [3]

Core Insights - JAKKS Pacific, Inc. has launched a new line of The Wizard of Oz products in partnership with Warner Bros. Discovery Global Consumer Products, available exclusively at Walmart, aimed at bringing the classic film's characters and moments to life through imaginative play [1][5] Product Offerings - The Wizard of Oz Dorothy Dress Up Set features the iconic blue and white checked pinafore style dress, priced at $19.97, designed for sizes 4-6X [2] - The Dorothy Accessory Set complements the dress with essential items including a wicker basket, plush Toto, and Ruby Red Slippers, also priced at $19.97 [3] - The Petite Dolls Collection includes six-inch dolls of Dorothy, Tin Man, Scarecrow, and Cowardly Lion, crafted with soft fashions and rooted hair, available for $34.97 [4] Company Background - JAKKS Pacific, Inc. is a leading designer, manufacturer, and marketer of toys and consumer products, headquartered in Santa Monica, California, with a diverse range of proprietary brands and licensed properties [6] - Warner Bros. Discovery Global Consumer Products extends the company's entertainment brands into consumer products, partnering with top licensees globally for various merchandise inspired by major franchises [7]

Core Insights - Disguise, a division of JAKKS Pacific, has won the Best Licensed Dress-Up or Partyware Range award for its Pokémon costume collection in EMEA at the Licensing Awards held on September 16, 2025 [1][2] - The award highlights the quality and variety of costumes offered by Disguise, which has been manufacturing Pokémon costumes in North America since 2019 and expanded into EMEA in late 2024 [2][3] - The addition of Pokémon to Disguise's portfolio has significantly contributed to the company's international growth, leveraging the brand's strong awareness and appeal across various age groups [3] Company Overview - Disguise has been a leader in the dress-up and roleplay industry since 1987, creating innovative costumes and accessories for major licensed brands and its proprietary brands [3] - The company produces millions of costumes annually, catering to a wide range of retailers including specialty and pop-up stores [3] - JAKKS Pacific, the parent company, is a prominent designer and manufacturer of toys and consumer products, headquartered in Santa Monica, California, with a diverse portfolio of proprietary and licensed brands [4]