JAKKS Pacific Q3 net income rises to $47.8M, EPS $4.53; gross margin expands 600 bps to 34.5%

JAKKS PACIFIC INC

2023-Q3 EPS reported $4.58 revenue$584,161,000

Net sales $309.7M, down 4% YoY; Toys/Consumer Products -9%, Costumes +19%.
Gross margin 34.5% (+600 bps); operating income $62.4M (20.1% of sales) vs $53.7M.
Net income $47.8M ($4.53 diluted EPS) vs $30.3M ($2.96) in Q3 2022; adjusted EPS $4.75.
Inventory $68.8M (-37% YoY); zero debt; cash $96.4M.
Action Play & Collectibles up 43% in quarter; management highlights retail slowdown but improved margins.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JAKKS PACIFIC INC reported third quarter ended September 30, 2023 results: revenue $309.7 million, net income $47.8 million, EPS $4.53 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $309.7 million
Net income: $47.8 million
EPS: $4.53 per diluted share
Result: reported results

Exact text from the filing

1, 2023 – JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Overview ● Net sales were $309.7 million, a year-over-year decrease of 4% o Toys/Consumer Products were $246.0 million, a year-over-year decrease of 9% o Costumes were $63.7 million, a year-over-year increase of 19% ■

View on SEC.gov

Browse all earnings releases →

JAKKS PACIFIC INC filing history →

Source: SEC EDGAR

accession 0001185185-23-001133

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.