secwatch.observer — SEC 8-K summary
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Issuer:     JAKKS PACIFIC INC (JAKK)
CIK:        0001009829
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001185185-24-000746
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JAKKS Pacific Q2 net sales down 11% YoY; EPS $0.47, adjusted $0.65
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009829/000118518524000746/0001185185-24-000746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009829/000118518524000746/jakkspacif20240731_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-000746

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