earnings
confidence high
sentiment negative
materiality 0.75
JAKKS Pacific Q2 net sales down 11% YoY; EPS $0.47, adjusted $0.65
JAKKS PACIFIC INC
2024-Q2 EPS reported
-$0.75
revenue$238,695,000
- Net sales $148.6M (-11% YoY); Toys/Consumer Products $104.6M (-11.3%), Costumes $44.0M (-10.1%).
- GAAP net income $5.3M ($0.47/diluted) vs $6.1M ($0.58) a year ago; adjusted income $7.3M ($0.65).
- Gross margin improved 130 bps to 32.0%; operating income $7.6M (5.1% of sales) vs $16.4M (9.9%).
- Cash $17.9M (down from $72.6M at Dec 2023); inventory $51.3M. New launches Moana 2, Sonic 3, The Simpsons.