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]

Core Insights - Disguise, Inc. has expanded its agreement with The Pokémon Company International through a multi-year contract extension, granting distribution rights in North America, EMEA, ANZ, and select parts of LATAM [1][2][3] Company Overview - Disguise has been a leader in the dress-up and roleplay industry since 1987, producing millions of costumes and accessories each year for various licensed brands and its proprietary brands [7] - The company has successfully expanded its Pokémon costume line since its launch in 2019, including characters like Bulbasaur, Charizard, and others, reflecting substantial sales growth [2][3] Industry Position - The extended licensing agreement allows Disguise to leverage the popularity of Pokémon, driving innovation and enhancing consumer experiences with a broader range of Pokémon-themed costumes and accessories [2][3] - Disguise aims to cater to all Pokémon fans by offering a diverse selection of characters beyond the traditional focus on Pikachu [3]

JAKKS Pacific, Inc. Q4 2024 Results - The company reported an adjusted loss per share of 88 cents, which was wider than the Zacks Consensus Estimate of a loss of 21 cents, but improved from a loss of $1.21 per share in the prior-year quarter [3] - Quarterly revenues were $130.7 million, missing the consensus mark of $134 million, but increased by 3% year over year [3] Segment Performance - Net sales in the Toys/Consumer Products segment decreased by 0.5% year over year to $118.2 million, below the estimate of $125.3 million [4] - Costumes' net sales increased significantly by 46.4% year over year to $12.5 million, surpassing the prediction of $7.7 million [4] Operating Metrics - The gross margin for the quarter reached 27.7%, up 70 basis points from the prior-year level, although it was below the predicted 30% [5] - Adjusted EBITDA amounted to $59.3 million, down from $75.7 million a year ago [5] Balance Sheet - As of December 31, 2024, the company's cash and cash equivalents were $69.3 million, a decrease from $72.4 million as of December 31, 2023 [6] Overall Performance - The company's fourth-quarter performance met expectations, with strong seasonality noted particularly around Halloween and Christmas [2] - The company has encouraged customers to adopt its FOB selling model for more efficient logistics operations [2]

Financial Data and Key Metrics Changes - The toy and consumer products business experienced a decline of 1.8% for the full year, slightly better than expectations, with each division down in the 1% to 2% range [7][8] - Gross profit for Q4 was $35.6 million, a 5% increase from $33.7 million in the previous year, despite net sales only increasing by 3% [25] - Adjusted earnings per share for the full year was $3.79, down from $4.62 in the prior year, marking the second consecutive year with adjusted EPS over $3 [31] Business Line Data and Key Metrics Changes - The costume business declined by 7.5% for the full year, primarily due to softness in the U.S. market [8] - The Disguise business grew outside of North America for the fourth consecutive year, reaching an all-time high in 2024 [10] - The international business, including costumes, was down 1% for the full year, with Latin America showing growth of over 19%, reaching $38 million in sales [15] Market Data and Key Metrics Changes - North America sales were down 3% for both the quarter and the year, with declines in both toy and consumer products and costumes [15] - Retail inventories at top U.S. toy consumer accounts were down high single digits compared to the prior year, marking a second consecutive year of decline [12] Company Strategy and Development Direction - The company is focusing on enhancing synergies between toy and costume teams internationally to drive growth [9] - A quarterly dividend of $0.25 per share has been initiated, reflecting a strong financial position and a commitment to returning value to shareholders [18][19] - The company is prioritizing European growth and has expanded its distribution network in the EU to improve fulfillment times [13][56] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's position, highlighting a strong balance sheet with no long-term debt and a focus on profitable growth [17][20] - The company is aware of external risks but feels well-positioned compared to many within the industry [18] - Management anticipates continued momentum in several business lines as they enter 2025, emphasizing a long-term approach to brand development [36][39] Other Important Information - The company has implemented a multi-tiered development process to address different market segments effectively [57] - The focus on affordability remains crucial, especially during times of cost structure surges due to tariffs and other factors [22] Q&A Session Summary Question: Flexibility for Acquisitions with Dividend Initiation - Management confirmed that the company has ample cash flow and is comfortable with the dividend initiative while still having the capacity for opportunistic acquisitions [66] Question: Impact of Holiday Movies on Sales - Management explained that the release of movies typically generates excitement that can lead to long-term sales momentum, especially when streaming begins [70] Question: Inventory Management and Tariff Impact - Management highlighted their effective inventory management strategy, maintaining a high percentage of sales on an FOB basis, and emphasized that inventory is viewed as cash [75][76] Question: Retail Space for Toys - Management noted an increase in retail space for toys, attributing it to the evergreen nature of their products and successful placement strategies [86] Question: E-commerce Sales Events - Management acknowledged that increased e-commerce sales events provide opportunities for enhanced sales and promotional initiatives [94] Question: Currency Exposure - Management indicated that the company has limited foreign exchange exposure due to its FOB business being U.S. dollar denominated [97] Question: Box Office Performance and Strategy - Management stated that box office performance enhances sales but is not the sole driver of strategy, as they have diversified initiatives that do not rely on blockbuster success [101]

Financial Performance - Q4 2024 - Net sales for Q4 2024 were $130.7 million, a 3% increase year-over-year[8] - Gross profit for Q4 2024 increased to $35.6 million, up from $33.7 million in Q4 2023[8] - The company reported an operating loss of $14.7 million in Q4 2024, compared to a $15.3 million loss in Q4 2023[8] - Adjusted EBITDA for Q4 2024 was a loss of ($10.2) million, versus ($10.9) million in Q4 2023[8] Financial Performance - Full Year 2024 - Full year net sales were $691.0 million, a 3% decrease compared to $711.6 million in FY 2023[9] - Full year gross profit decreased by 5% to $213.0 million, from $223.4 million in FY 2023[9] - Operating income for the full year was $39.7 million, down from $51.9 million in FY 2023[9] - Adjusted EBITDA for the full year was $59.3 million, compared to $75.7 million in FY 2023[9] Sales by Division and Region - Toys/Consumer Products net sales for the full year decreased by 1.8% to $570.0 million[76] - Costumes net sales for the full year decreased by 7.5% to $121.0 million[76] - Net sales in the United States for the full year decreased by 2.3% to $545.0 million[78]

分组1 - Jakks Pacific reported a quarterly loss of $0.67 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.05, but an improvement from a loss of $1.04 per share a year ago, indicating a surprise of -1,240% [1] - The company posted revenues of $130.74 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.62%, but showing a slight increase from $127.4 million year-over-year [2] - Over the last four quarters, Jakks has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] 分组2 - The stock has gained approximately 24.1% since the beginning of the year, outperforming the S&P 500's gain of 4.5% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.68 on revenues of $93.74 million, and for the current fiscal year, it is $4.21 on revenues of $696.29 million [7] - The Toys - Games - Hobbies industry, to which Jakks belongs, is currently ranked in the top 16% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Financial Performance - Net sales for Q4 2024 were $130.7 million, reflecting a year-over-year increase of 3%[6] - Full-year net sales decreased by 3% to $691.0 million, down from $711.6 million in 2023[6] - Net sales for Q4 2024 were $130,741,000, a 3% increase from $127,396,000 in Q4 2023, while total net sales for the year decreased by 3% to $691,042,000 from $711,557,000[23] - Net sales for the Toys/Consumer Products division decreased by 1.8% year-over-year, totaling $570,018,000[29] - Total net sales for the year decreased by 2.9% to $691,042,000 from $711,557,000[32] Profitability - Gross margin improved to 27.2%, up 70 basis points compared to Q4 2023[6] - Operating income for the full year was $39.7 million, a decrease of 33% from $59.1 million in the previous year[6] - Gross profit for Q4 2024 was $35,553,000, representing a 5% increase from $33,733,000 in Q4 2023, but total gross profit for the year decreased by 5% to $213,021,000 from $223,353,000[23] - The company reported a net loss attributable to common stockholders of $9.1 million in Q4 2024, compared to a loss of $11.3 million in Q4 2023[6] - The company reported a net loss of $9,113,000 in Q4 2024, a 16% improvement from a net loss of $10,872,000 in Q4 2023, with a total net income for the year of $34,200,000, down 10% from $38,113,000[23] - Adjusted net income attributable to common stockholders for the twelve months ended December 31, 2024, was $42,560,000, down from $48,906,000[27] Cash Flow and Dividends - Cash flows provided by operating activities were $38.9 million, down from $66.4 million in 2023[6] - The company ended the year with cash and cash equivalents of $70.1 million, down from $72.6 million in 2023[9] - The company initiated a quarterly cash dividend of $0.25 per share, equating to $1.00 per share annually[4] Expenses - Direct selling expenses increased by 25% in Q4 2024 to $18,201,000 compared to $14,582,000 in Q4 2023, while total selling expenses for the year rose by 8% to $40,105,000 from $36,987,000[23] - The cost of goods sold as a percentage of net sales was 55.3% in Q4 2024, compared to 54.0% in Q4 2023, indicating a 130 basis points increase[24] - The company reported a decrease in royalty expenses by 8% in Q4 2024 to $20,623,000 from $22,533,000 in Q4 2023, with annual royalty expenses down 9% to $106,804,000 from $117,607,000[23] International Sales - International sales increased by 25% in Q4 2024, while North American sales were down 3%[8] - Sales in Europe increased by 41.0% in Q4 2024, totaling $25,359,000 compared to $17,988,000 in Q4 2023[31] - The company experienced a 19.2% increase in Latin America sales year-to-date, totaling $38,159,000[31] Earnings and Adjusted Metrics - Earnings per share (EPS) for Q4 2024 were $(0.83), an improvement from $(1.12) in Q4 2023, while the annual EPS was $3.27, down from $3.70[23] - Adjusted earnings per share (basic) decreased to $3.95 from $4.91, a decline of $0.97[27] - Adjusted EBITDA for Q4 2024 was $(10,154,000), a slight improvement from $(10,929,000) in Q4 2023, with annual adjusted EBITDA of $59,265,000, down from $75,719,000[26] - TTM Adjusted EBITDA fell to $59,265,000, down $16,454,000 or 22% from $75,719,000[27] - The company reported a decrease in TTM Adjusted EBITDA/TTM Net sales percentage to 8.6%, down 200 basis points from 10.6%[27] Interest and Tax - The company experienced a decrease in interest income by 59% in Q4 2024 to $308,000 from $757,000 in Q4 2023, while interest expense decreased by 78% to $(157,000) from $(710,000)[23] - The provision for income taxes showed a 3% decrease in Q4 2024, amounting to $(5,446,000) compared to $(5,643,000) in Q4 2023[23]

Core Insights - JAKKS Pacific, Inc. has initiated a quarterly cash dividend program of $0.25 per share, reflecting the company's positive financial outlook and debt-free status as it enters 2025 [4][5][6]. Financial Performance - For Q4 2024, net sales reached $130.7 million, a 3% increase year-over-year, while full-year sales totaled $691.0 million, down 3% from the previous year [9][21]. - The Toys/Consumer Products segment reported net sales of $118.2 million in Q4, a 1% decrease, while the Costumes segment saw a significant increase of 46% to $12.5 million [9][21]. - Gross margin improved to 27.2% in Q4, up 70 basis points from Q4 2023, and the full-year gross margin was 30.8%, down from 31.4% the previous year [9][21]. Operational Highlights - The company achieved a global FOB (freight on board) sales level of over 75% in 2024, a significant milestone not reached in many years [5]. - International sales outside North America increased by 25% in Q4, driven primarily by growth in Europe, although full-year international sales were down 1% [6][9]. Cash Flow and Balance Sheet - As of December 31, 2024, cash and cash equivalents totaled $70.1 million, a slight decrease from $72.6 million in 2023, despite utilizing $20 million for preferred stock elimination [7][9]. - The company reported an operating loss of $14.7 million in Q4 2024, an improvement from a loss of $15.3 million in Q4 2023 [9][21]. Future Outlook - The management expressed optimism about future growth, focusing on international expansion, partnerships with global licensors, and product line diversification [4][5].

Group 1 - JAKKS Pacific, Inc. will announce its fourth quarter and full year 2024 financial results on February 20, 2025, after the stock market closes [1] - A teleconference and webcast will be held at 5:00 p.m. ET / 2:00 p.m. PT on the same day to discuss the results and future plans [2] - The company is a leading designer, manufacturer, and marketer of toys and consumer products, headquartered in Santa Monica, California [3] Group 2 - JAKKS Pacific's proprietary brands include AirTitans®, Disguise®, Fly Wheels®, and many others, along with a range of entertainment-inspired products [3] - The company aims to make a positive impact on the lives of children through its products and charitable donations [3] - Investors can access the teleconference via a registration link and a replay will be available for a limited time [2]

JAKKS Pacific Unveils Exciting New Toy Line for Upcoming Dog Man Movie JAKKS Pacific Unveils Exciting New Toy Line for Upcoming Dog Man Movie from DreamWorks, Universal, and Dav Pilkey's Bestselling Book Series SANTA MONICA, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- JAKKS Pacific (NASDAQ: JAKK) proudly announces the launch of its first complete line of figures and plush toys inspired by Dav Pilkey’s bestselling Dog Man graphic novel series and the highly anticipated Dog Man theatrical release from Drea ...