secwatch.observer — SEC 8-K summary
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Issuer:     JAKKS PACIFIC INC (JAKK)
CIK:        0001009829
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001185185-23-000766
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009829/000118518523000766/0001185185-23-000766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009829/000118518523000766/jakkspacif20230725_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000766

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer