JAKKS Pacific Q2 net sales $166.9M (-24% YoY); debt retired; adjusted EPS $1.26

JAKKS PACIFIC INC

2023-Q2 EPS reported $0.04 revenue$274,417,000

Net sales $166.9M (-24.3% YoY); gross margin up 310 bps to 30.7%; adjusted EPS $1.26 vs $2.10 prior year.
Retired $30.2M long-term debt four years early; total debt zero as of June 30, 2023.
Action Play & Collectibles segment grew 41% YoY; Costumes down 32% but second-highest Q2 in 10+ years.
Adjusted EBITDA $20.7M vs $27.1M; trailing twelve-month adjusted EBITDA $66.9M (down 12% YoY).
Q2 ending inventory $65.1M (lowest Q2 since 2021); cash and equivalents $32.4M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JAKKS PACIFIC INC reported second quarter ended June 30, 2023 results: revenue $166.9 million, net income $6.1 million, EPS $0.58 per diluted share.

Period: second quarter ended June 30, 2023
Revenue: $166.9 million
Net income: $6.1 million
EPS: $0.58 per diluted share
Result: reported results

Exact text from the filing

July 27, 2023 – JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Overview ● Net sales were $166.9 million, a year-over-year decrease of 24.3% o Toys/Consumer Products Net Sales were $117.9 million, a year-over-year decrease of 20.8% o Costumes Net Sales were $49.0 million, a

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Source: SEC EDGAR

accession 0001185185-23-000766

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