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JAKKS Pacific Reports Fourth Quarter and Full-Year 2024 Financial Results
Globenewswire· 2025-02-20 21:05
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].
JAKKS Pacific, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Call
Globenewswire· 2025-02-04 14:25
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 from DreamWorks, Universal, and Dav Pilkey's Bestselling Book Series
Globenewswire· 2025-02-03 14:00
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 ...
JAKKS Pacific Unveils Exciting New Toy Line for Upcoming Dog Man Movie from DreamWorks, Universal, and Dav Pilkey's Bestselling Book Series
Newsfilter· 2025-02-03 14:00
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 the Hugely Anticipated Big Screen Adventure A MINECRAFT MOVIE
Globenewswire· 2025-01-27 14:00
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 Stock Rises 43% in 6 Months: More Upside Left?
ZACKS· 2025-01-21 14:35
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 ...
JAKKS Pacific Is Trading Sideways Ahead Of Earnings: Time To Buy?
Seeking Alpha· 2025-01-11 07:49
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]
2 Stocks Gaining Traction in the Promising Toys & Games Industry
ZACKS· 2025-01-08 18:10
Industry Overview - The Zacks Toys - Games - Hobbies industry is experiencing robust demand for smart toys, STEM toys, sports toys, and fashion dolls and accessories, with companies focusing on digital initiatives and marketing strategies to drive growth [1][3] - The industry includes companies that design, manufacture, and sell various games and toys, with a mix of traditional toymakers and those involved in video game content and services [2] Trends - STEM toys are gaining popularity, particularly in the Asia Pacific region, with countries like India, Malaysia, Singapore, and Thailand seeing increased demand as parents prioritize educational toys [3] - Industry participants are focusing on emerging markets in Eastern Europe, Asia, and Latin and South America for revenue growth opportunities [4] Challenges - The industry faces cost inflation due to rising raw material prices and higher employee-related expenses, which may impact profitability despite efforts to launch new products and shift towards technology-driven toys [5] Industry Performance - The Zacks Toys - Games - Hobbies industry currently holds a Zacks Industry Rank of 3, placing it in the top 1% of 250 Zacks industries, indicating bright near-term prospects [6][7] - The industry has underperformed the S&P 500 Index, growing 17.9% compared to the S&P 500's 26.9% increase [10] Valuation - The industry is trading at a forward 12-month price-to-earnings ratio of 22.85X, higher than the S&P 500's 22.37X and the sector's 16.63X [12] Company Highlights - JAKKS Pacific is benefiting from product expansions and collaborations, with a promising lineup of new products tied to popular franchises expected to generate significant consumer interest [13] - JAKKS Pacific shares have surged 64.2% in the past six months, with earnings estimates for 2025 revised 7.1% upward [14] - Mattel is expected to benefit from its Optimizing for Profitable Growth program and strong demand for Hot Wheels, with anticipated growth driven by product innovations and enhanced marketing efforts [17]
Fast-paced Momentum Stock Jakks (JAKK) Is Still Trading at a Bargain
ZACKS· 2025-01-07 14:52
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...
Wall Street Analysts Predict a 45.3% Upside in Jakks (JAKK): Here's What You Should Know
ZACKS· 2025-01-06 16:10
Jakks Pacific (JAKK) closed the last trading session at $28.39, gaining 1.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $41.25 indicates a 45.3% upside potential.The mean estimate comprises four short-term price targets with a standard deviation of $3.40. While the lowest estimate of $38 indicates a 33.9% increase from the current price level, the most optimistic analyst expec ...