secwatch.observer — SEC 8-K summary
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Issuer:     JAKKS PACIFIC INC (JAKK)
CIK:        0001009829
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001185185-23-001133
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009829/000118518523001133/0001185185-23-001133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009829/000118518523001133/jakkspacif20231101_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-001133

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