JAKKS Pacific Q1 net sales $90.1M (-16% YoY); operating loss $21.3M; preferred shares retired

JAKKS PACIFIC INC

2025-Q1 EPS reported -$1.27 revenue$90,076,000

Net sales $90.1M, down 16% YoY; gross margin 23.4%, down 580 bps.
Operating loss $21.3M vs $4.4M loss in Q1 2023; adjusted EPS loss $1.09 vs $0.40.
Adjusted EBITDA -$17.2M vs -$1.1M; lack of new film releases drove decline.
Retired all preferred shares at discounted valuation, removing last 2019 restructuring artifact.
Cash $35.5M; zero total debt; inventory $46.3M.

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 first quarter ended March 31, 2024 results: revenue $90.1 million.

Period: first quarter ended March 31, 2024
Revenue: $90.1 million
Result: reported results

Exact text from the filing

California, April 24, 2024 – JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 ● Net sales were $90.1 million, a year-over-year decrease of $17.4 million or 16%, driven by a lack of new film releases vs. prior year ● Gross margin of 23.4%, down 580 basis points vs. Q1 2023, led by higher

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Source: SEC EDGAR

accession 0001185185-24-000433

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