Company Announcement - JAKKS Pacific, Inc. will announce its first quarter 2025 financial results on April 29, 2025, after the stock market closes [1] - A teleconference and webcast will be held to discuss the results, along with potential future plans and prospects [1] Teleconference Details - The teleconference is scheduled for 5:00 p.m. ET / 2:00 p.m. PT on April 29, 2025 [2] - A live webcast 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] 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 and a range of entertainment-inspired products featuring licensed properties [3] - JAKKS aims to positively impact children's lives through its products and charitable donations [3]

POWAY, Calif., April 07, 2025 (GLOBE NEWSWIRE) -- Disguise, Inc., the costume division of leading toy and consumer products company JAKKS Pacific, Inc. (NASDAQ:JAKK), and BBC Studios has extended their licensing partnership for the highly successful Bluey costume line in North America. Disguise is gearing up for the fall 2025 season with new styles and expanded distribution for high-quality Bluey costumes and accessories, ensuring fans of all ages can continue celebrating their favorite characters whether f ...

SANTA MONICA, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ:JAKK), has delighted THE SIMPSONS fans at WonderCon 2025 with the reveal of an all-new Funzo Feature Plush, now available for pre-sale on Amazon! Inspired by the Season 11 episode "The Grift of the Magi," this talking plush brings the infamous toy to life with interactive features and classic phrases from the show. The Funzo Feature Plush stands 14 inches tall and features active facial expressions, launching missiles, and ...

SANTA MONICA, Calif., March 28, 2025 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK) today announced that the Board of Directors (the “Board”) approved the scheduling of the 2025 annual meeting for June 20, 2025, and also announced changes to the Board as part of the Company’s successful completion of the transition from its 2019 recapitalization transactions. As part of the restructuring, the Board announced the planned departure of three current directors appointed to the Board as part of the Compa ...

Company Overview - JAKKS Pacific, Inc. is a leading designer, manufacturer, and marketer of toys and consumer products, headquartered in Santa Monica, California [6] - The company offers a variety of proprietary brands and entertainment-inspired products, including partnerships with major franchises [6] Product Launch - JAKKS Pacific, in collaboration with Warner Bros. Discovery Global Consumer Products, has launched a new line of Harry Potter House Robes, exclusively available at Walmart for $39.97 [1][2] - The robes are designed for authenticity and comfort, featuring embroidered house crests, colored lining, and a hidden wand pocket, making them suitable for cosplay and themed events [3][4] Market Positioning - The Harry Potter franchise remains a significant cultural phenomenon, with over 25 years of popularity, supported by various media including films, stage productions, and video games [7][8] - The new product line aims to cater to fans of all ages, enhancing their experience of the Harry Potter universe through high-quality merchandise [4][10] Strategic Partnerships - The collaboration with Warner Bros. Discovery Global Consumer Products allows JAKKS Pacific to leverage the extensive reach and popularity of the Harry Potter brand [1][11] - Warner Bros. Discovery Global Consumer Products is recognized for its innovative licensing and merchandising programs, enhancing the visibility of JAKKS Pacific's offerings [11]

Core Insights - JAKKS Pacific, Inc. is expanding its lifestyle product portfolio with a new line of beach and outdoor items exclusively available on Amazon [1][6] - The new product line includes a variety of items such as umbrellas, chairs, canopies, shelters, wagons, and mats [1][6] - The seasonal product segment has seen significant growth due to successful product launches in partnership with Authentic Brands Group [3] Product Details - The Roxy 2-Pack Beach Chairs are priced at $119.99, featuring adjustable seats and a foam-padded pillow for comfort [7] - The Roxy Surf's Up Beach Umbrella, priced at $99.99, offers 7 feet of coverage and UPF 50+ protection [7] - The Roxy Beach Wagon, priced at $129.99, has a weight capacity of 220 lbs and is designed for easy maneuverability [7] - The Quiksilver 10 Ft Beach Canopy is available for $129.99, providing shade for 4-6 people [7] - The Quiksilver Beach Shelter is priced at $99.99 and is made with water-resistant fabric [7] - The Roxy Deluxe Beach Mat, priced at $39.99, accommodates 4-6 adults and is machine washable [7] - The Quiksilver Oversized Lounger Float and Mini Lounger Float are both priced at $49.99, designed for comfort and convenience [7] Strategic Partnerships - The partnership with Authentic Brands Group combines JAKKS Pacific's design expertise with Authentic's brand portfolio and market reach [4] - The collaboration aims to expand product availability and enhance marketing efforts throughout 2025 [4] Company Overview - JAKKS Pacific, Inc. is a leading designer, manufacturer, and marketer of toys and consumer products, headquartered in Santa Monica, California [5] - The company offers a wide range of proprietary brands and licensed properties, contributing to its positive impact on children's lives [5] Authentic Brands Group Overview - Authentic Brands Group generates over $29 billion in global annual retail sales and has a retail presence in 150 countries [8] - The brand portfolio includes well-known names such as Quiksilver and Roxy, among others [9]

Group 1 - JAKKS Pacific is launching a new line of dolls called Roxy Dolls, inspired by fashion and action sports, exclusively at Target starting June 2025 [1][3] - The Roxy Dolls are designed for children ages 4 and up, featuring 7.5-inch articulated dolls that come with sports accessories like skateboards, snowboards, roller skates, or surfboards [1][2] - Each doll is priced at an MSRP of $19.99, targeting both action sports enthusiasts and fashion lovers [3] Group 2 - The collaboration with Authentic Brands Group has led to the meticulous design of Roxy Dolls, emphasizing style and posability for imaginative play [2] - Authentic Brands Group manages a portfolio generating over $29 billion in global annual retail sales, with a presence in 150 countries and more than 400,000 points of sale [5][6]

Core Insights - JAKKS Pacific is launching a new line of dolls called Roxy Dolls, inspired by fashion and action sports, set to debut exclusively at Target in June 2025 [1][2] - The dolls are designed for children aged 4 and up, featuring a height of 7.5 inches and include accessories related to various action sports [1][2] - Each doll is priced at an MSRP of $19.99, targeting both action sports enthusiasts and fashion lovers [3] Company Overview - JAKKS Pacific, Inc. is a prominent designer, manufacturer, and marketer of toys and consumer products, headquartered in Santa Monica, California [3] - The company has a diverse portfolio of proprietary brands and aims to positively impact children's lives through its products and charitable donations [3] Collaboration Details - The Roxy Dolls are developed in collaboration with Authentic Brands Group, focusing on merging fashion, creativity, and adventure [2] - Authentic Brands Group manages a vast portfolio generating over $29 billion in global annual retail sales, with a presence in 150 countries [5][6]

Sales Performance - Net sales for the Toys/Consumer Products segment decreased by $10.7 million, or 1.8%, to $570.0 million in 2024 from $580.7 million in 2023[156]. - Net sales for the Costumes segment decreased by $9.9 million, or 7.6%, to $121.0 million in 2024 from $130.9 million in 2023, primarily due to US customers recalibrating their order levels[157]. - Net sales for 2024 totaled $690.042 million, with the third quarter contributing the highest at $321.606 million, representing 46.5% of total sales[174]. - Net sales for 2024 were $691,042 thousand, a decrease of 2.1% from $711,557 thousand in 2023[217]. - Major customers accounted for 64.4% of total net sales in 2024, with Target® contributing $204,396 (29.6%) and Walmart® $166,943 (24.2%)[282]. - The United States generated $545,013 in net sales in 2024, representing a decline of 2.3% from $557,865 in 2023[281]. Profitability - The gross profit margin for the company decreased to 30.8% in 2024 from 31.4% in 2023[154]. - Gross profit for 2024 was $313.021 million, with a gross margin of 45.4% compared to 44.5% in 2023[174]. - Gross profit for 2024 was $213,021, down from $223,353 in 2023, reflecting a gross margin of approximately 30.8%[279]. - Net income attributable to JAKKS Pacific, Inc. was 4.9% of net sales in 2024, down from 5.4% in 2023[154]. - Net income attributable to JAKKS Pacific, Inc. for 2024 was $33,920 thousand, compared to $38,406 thousand in 2023, representing a decline of 11.5%[217]. - Comprehensive income attributable to JAKKS Pacific, Inc. for 2024 was $32,363 thousand, compared to $40,261 thousand in 2023, a decrease of 19.7%[220]. - The company recorded a net loss of $14.225 million in Q1 2024, representing a net loss margin of 15.8%[174]. - Net income for the year ended December 31, 2024, was $34.2 million, a decrease of 10.1% from $38.1 million in 2023 and a significant drop from $91.1 million in 2022[225]. Expenses - Selling, general and administrative expenses increased to $173.3 million in 2024, constituting 25.1% of net sales, up from $164.2 million, or 23.1% in 2023[160]. - Cost of sales for the Toys/Consumer Products segment increased to $389.5 million, or 68.3% of related net sales in 2024, compared to $388.3 million, or 66.9% in 2023[158]. - Cost of sales for the Costumes segment decreased to $88.5 million, or 73.1% of related net sales in 2024, down from $99.9 million, or 76.3% in 2023[159]. - Interest income decreased to $0.8 million in 2024 from $1.3 million in the prior year, primarily due to money market investments[163]. - Interest expense decreased to $1.1 million in 2024 from $6.5 million in 2023, primarily due to lower borrowing costs[164]. - The company reported a royalty expense of $106,804 thousand in 2024, down from $117,607 thousand in 2023, a reduction of 9.7%[217]. - Stock-based compensation expense increased to $9.5 million in 2024 from $8.0 million in 2023[225]. - Advertising expenses for the year ended December 31, 2024, were approximately $13.8 million, compared to $13.2 million in 2023[257]. Cash Flow and Working Capital - Operating activities generated net cash of $38.9 million in 2024, down from $66.4 million in 2023, attributed to lower net income and higher working capital usage[177]. - The company has a working capital of $119.3 million as of December 31, 2024, an increase from $106.1 million in 2023[176]. - Cash and cash equivalents decreased to $69,936 thousand in 2024 from $72,350 thousand in 2023, a decline of 3.9%[215]. - Cash, cash equivalents, and restricted cash at the end of 2024 were $70.1 million, a decrease from $72.6 million in 2023[225]. - Total cash provided by operating activities for 2024 was $38.9 million, down from $66.4 million in 2023[225]. Debt and Obligations - The company recorded a loss on debt extinguishment of $1.0 million in June 2023 related to the 2021 BSP Term Loan[161]. - The company fully paid off its 2021 BSP Term Loan on June 5, 2023, with a total prepayment of $30.2 million, including a loss on debt extinguishment of $1.0 million[184]. - Total contractual cash obligations as of December 31, 2024, are $151.9 million, including operating leases and minimum guaranteed license payments[180]. - The Company had a first-lien secured term loan of $99.0 million, with net proceeds of $96.3 million after fees, and it was fully paid off on June 5, 2023[294][302]. - As of December 31, 2024, the Company had no outstanding borrowings under the JPMorgan ABL Facility, with total excess borrowing availability of $61.2 million[311]. Taxation - Income tax expense for 2024 was $5.5 million, with an effective tax rate of 13.9%, compared to $6.8 million and 15.2% in 2023[165][166]. - The effective tax rate for 2024, excluding discrete tax benefits, was 17.4%, compared to 21.3% in 2023[165][166]. - The provision for income taxes for 2024 was an expense of $5.5 million, with an effective tax rate of 13.9%[317]. - The effective tax rate for 2023 was 15.2%, with a provision for income taxes of $6.8 million[319]. - The Company had net deferred tax assets of $70.4 million as of December 31, 2024, compared to $68.1 million in 2023[319]. Assets and Liabilities - Total assets increased to $444,869 thousand in 2024 from $398,951 thousand in 2023, marking a growth of 11.5%[215]. - Total liabilities rose slightly to $204,036 thousand in 2024 from $202,838 thousand in 2023, an increase of 0.6%[215]. - The Company’s accumulated deficit improved to $(39,692) thousand in 2024 from $(73,612) thousand in 2023, indicating a reduction in losses[215]. - The Company’s total liabilities decreased to $57.7 million in 2024 from $63.0 million in 2023[223]. - As of December 31, 2024, accrued expenses totaled $48.5 million, an increase from $45.1 million in 2023, with royalties accounting for $25.9 million[292]. Market Risks - The company is exposed to market risks related to changes in foreign currency exchange rates and interest rates, particularly due to its operations in China[198]. - The company has not engaged in derivative instruments or hedging activities to minimize its market risk[198]. - The Company’s primary currency translation exposures are related to investments in subsidiaries with functional currencies such as the Hong Kong Dollar and Euro[261]. Segment Information - The Company’s segments include Toys/Consumer Products and Costumes, with performance measured at the operating income level[273][276]. - The Toys/Consumer Products segment encompasses a diverse range of products including action figures, dolls, and electronic products[274]. - The Costumes segment, marketed under the Disguise brand, focuses on everyday and special occasion costumes[275].

Core Insights - Jakks Pacific's international revenue performance is critical for assessing its financial resilience and growth prospects [1][2][3] Revenue Performance - The total revenue for the quarter was $130.74 million, reflecting a year-over-year increase of 2.6% [4] - Latin America generated $4.29 million, constituting 3.28% of total revenue, which was a surprise of -39.46% compared to the expected $7.09 million [5] - Canada contributed $4.26 million, making up 3.26% of total revenue, with a surprise of -8.25% against the projected $4.64 million [6] - Australia and New Zealand accounted for $1.12 million, or 0.85% of total revenue, with a surprise of -33.57% from the expected $1.68 million [7] - The Middle East and Africa contributed $0.73 million, representing 0.56% of total revenue, with a positive surprise of +150.35% compared to the expected $0.29 million [8] - Asia generated $1.52 million, making up 1.16% of total revenue, with a slight positive surprise of +3.61% against the expected $1.47 million [9] - Europe was the largest contributor with $25.36 million, accounting for 19.40% of total revenue, and a significant surprise of +104.51% compared to the expected $12.4 million [10] Future Projections - Analysts project Jakks will achieve revenues of $93.74 million for the ongoing fiscal quarter, an increase of 4.1% year-over-year, with contributions from various regions [11][12] - For the full year, total revenue is expected to reach $696.29 million, reflecting a 0.8% increase from the previous year, with specific regional contributions outlined [13] Strategic Considerations - The reliance on international markets presents both opportunities and challenges for Jakks, necessitating close monitoring of revenue trends to inform future strategies [14] - The interconnected global economy and geopolitical factors are increasingly influencing earnings forecasts for companies with international operations [15]