JAKKS Pacific(US:JAKK)2021-11-01 12:26Financial Performance - Year-to-date Adjusted EBITDA reached $44.2 million, an increase of over 80% compared to the first three quarters of the previous year[3] - Year-to-date Operating Income exceeded $35 million, marking the highest level since 2015[3] - Third Quarter Adjusted EBITDA amounted to $41.7 million, a decrease of $1.1 million compared to the prior year[3] - Q3 Net Sales decreased by 2% year-over-year, from $242.3 million in 2020 to $237.0 million in 2021[5] - Third Quarter Toy/CP Net Sales decreased by 8% year-over-year, from $204.3 million in 2020 to $187.3 million in 2021[6] - Costume sales increased by 16% year-over-year[4] - Q3 Gross Margin % increased by 82 bps to 31.6%[7] - Q3 Adjusted Net Income increased from $32.6 million to $34.2 million[10] Sales Breakdown - North America Q3 Net Sales decreased by 8% year-over-year[6] - International Q3 Net Sales decreased by 7% year-over-year[6] Strategic Outlook - The company is focused on innovation, brand expansion, category migration, and geographic expansion to drive growth[11]