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 ...

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 DreamWorks Animation and Universal Pictures. Rolling out launches across major retailers, including Amazon, Walmart, and Target, JAKKS is seeing encouraging sales trends in the toy aisle since the mid-January release date ...

Disguise Announces Exclusive Global Rights for A Minecraft Movie Disguise Announces Exclusive Global Rights for the Hugely Anticipated Big Screen Adventure "A Minecraft Movie" POWAY, Calif., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Disguise, Inc., the costume division of leading toy and consumer products company JAKKS Pacific, Inc. (NASDAQ: JAKK), has proudly announced global licensing rights to design, produce, and market costumes inspired by A MINECRAFT MOVIE. This major announcement solidifies Disguise’s lo ...

JAKKS Pacific, Inc. (JAKK) is well positioned to capitalize on its strategic growth initiatives, including international expansion, licensing agreements and operational improvements. The company’s focus on product innovation and strong execution has been driving sales and boosting investor confidence.In the past six months, shares of JAKKS Pacific have gained 42.6% compared with the industry’s 14.4% growth. An upward revision in earnings estimates for 2025 reflects analysts’ optimism regarding the company’s ...

Company Performance - Shares of JAKKS Pacific surged following the release of a well-received quarterly earnings report in late October [1] Analyst Disclosure - The author of the article has no stock, option, or derivative positions in JAKKS Pacific or any other mentioned companies, and no plans to initiate such positions within the next 72 hours [1] - The article expresses the author's own opinions and is not influenced by any compensation or business relationships with the mentioned companies [1] Platform Disclosure - Seeking Alpha's analysts include both professional and individual investors who may not be licensed or certified by any regulatory body [2] - The views expressed in the article may not reflect those of Seeking Alpha as a whole [2]

The Zacks Toys - Games - Hobbies industry benefits from the robust demand for smart toys, STEM (science, technology, engineering and math) toys, sports toys, and fashion dolls and accessories. Industry participants have been undertaking efforts on the digital front and focusing on better execution of marketing and promotional initiatives to drive growth. Stocks like Mattel, Inc. (MAT) and JAKKS Pacific, Inc. (JAKK) are likely to gain from these trends.Industry Description The Zacks Toys - Games – Hobbies in ...