JAKKS Pacific Q4 Earnings and Revenues Miss Estimates

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]