JAKKS Pacific, Inc. announced a strong first quarter for 2025, with net sales increasing by 26% year-over-year to $113.3 million, driven by demand for products related to recent film releases. The company significantly improved its gross margin to 34.4% and reduced its operating loss by 82% compared to the prior year.
JAKKS Pacific concluded 2024 with a 3% increase in Q4 net sales to $130.7 million, driven by strong Costume sales. Despite an operating loss, the company improved its financial position, becoming debt-free and initiating a quarterly cash dividend, reflecting optimism for future growth.
JAKKS Pacific reported a 4% increase in net sales and a 9% increase in operating income for Q3 2024 compared to the prior year. The US business had its biggest shipping quarter in ten years. Gross margins remained strong at 33.8%, and operating margin improved slightly to 21.2%.
JAKKS Pacific reported a decrease in net sales for the second quarter of 2024, primarily due to a lack of new content-related product launches. However, the company's gross margin improved, and they are optimistic about new product launches in the latter half of the year.
JAKKS Pacific reported a decrease in net sales by 16% year-over-year, driven by the absence of new film releases compared to the previous year. The gross margin also decreased by 580 basis points, leading to an operating loss of $21.3 million compared to $4.4 million in Q1 2023. The company completed the retirement of its Preferred Shares, removing restrictions on common stockholders' claims over the enterprise.
JAKKS Pacific reported a decrease in net sales for Q4 2023, with a slight increase in Toys/Consumer Products sales offset by a significant decrease in Costumes sales. However, gross profit increased due to improved margins. The company experienced a net loss for the quarter, contrasting with a net income in the same period last year. For the full year, net sales decreased, but gross profit increased, and operating income saw a slight decrease.
JAKKS Pacific reported a decrease in net sales by 4% year-over-year, but gross margin increased by 600 basis points. Operating income and net income attributable to common stockholders increased compared to Q3 2022.
JAKKS Pacific reported a decrease in net sales for Q2 2023, down 24.3% year-over-year, with significant declines in both Toys/Consumer Products and Costumes segments. Despite the sales decrease, the gross margin improved. The company retired $30.2 million in debt and is managing inventory conservatively.
JAKKS Pacific reported a decrease in net sales by 11% to $107.5 million compared to Q1 2022. However, gross profit increased by 5% to $31.4 million, and gross margin improved to 29.2%. The company experienced a net loss attributable to common stockholders of $5.7 million.
JAKKS Pacific's Q4 2022 net sales decreased by 30% compared to the previous year, while net income attributable to common stockholders increased due to a deferred tax asset valuation allowance release.
Stephen G. Berman and JAKKS Pacific, Inc. agreed to amend the terms of the Amended Employment Agreement, extending the term through December 31, 2026, granting restricted stock units, and outlining performance bonus opportunities for fiscal years 2025 and 2026.
JAKKS Pacific reported a significant increase in net sales and operating income for Q2 2022. Net sales increased by 96.2% year-over-year, driven by growth in both Toys/Consumer Products and Costumes segments. The company achieved its first profitable second quarter in 10 years.
JAKKS Pacific's Q1 2022 net sales increased by 44% compared to last year, reaching $120.9 million, the highest since 2008. The company reported a net loss attributable to common stockholders of $4.2 million, or $0.43 per share, and an adjusted EBITDA of $1.9 million, a significant improvement from the previous year.
JAKKS Pacific reported a strong Q4 2021 with a 47% increase in net sales compared to the previous year. The company's performance was driven by top-line growth across various brands and categories, along with margin expansion, despite significant increases in supply-chain costs.
JAKKS Pacific reported a decrease in net sales for Q3 2021 compared to the previous year, but net income attributable to common stockholders increased. The Costumes segment was a strong performer, and the company focused on improved product margins and cleaner retail sell-through.
JAKKS Pacific reported a strong second quarter with net sales up 43% compared to last year and a gross margin increase of 710 basis points. The company refinanced its long-term debt and saw excellent results across its Toys/Consumer Products and Costumes businesses.
JAKKS Pacific reported a strong start to 2021 with net sales up 26% to $83.8 million, gross margin increased to 31.1%, and a reduced adjusted net loss of $9.5 million. The company saw double-digit sales increases across all toy divisions and is optimistic about continued benefits from lean retail inventories and lower operating costs for the rest of the year.
JAKKS Pacific reported a decrease in net sales for Q4 2020, down 16% compared to the previous year, primarily due to lower sales of Frozen products. Despite the sales decline, the net loss attributable to common stockholders improved. The company's gross margin increased due to lower royalties and improved inventory management, reaching the highest Q4 percentage in ten years.
JAKKS Pacific reported a decrease in net sales by 14% to $242.3 million compared to the previous year, but net income attributable to common stockholders increased to $32.1 million. Excluding declines in Frozen and Disguise Halloween costumes, net sales were up 13% year-over-year. The company also highlighted strong liquidity and improved gross margins.
JAKKS Pacific reported a decrease in net sales for Q2 2020, primarily due to store closures related to COVID-19. However, the company managed to improve its gross margin and significantly reduce operating expenses, leading to a smaller net loss compared to the same period last year.
JAKKS Pacific reported a decrease in net sales by 6% to $66.6 million compared to the same period last year, but gross margin improved to 24.6%. The company experienced a net loss attributable to common stockholders of $12.3 million, or $0.41 per share. Despite challenges from COVID-19, the supply chain has almost completely returned to normal, and the company is focusing on evergreen product lines and reducing operating expenses.
JAKKS Pacific's fourth-quarter net sales increased by 15% compared to the same period last year, driven by strong sales of Disney Frozen 2 products. However, the company reported a net loss attributable to common stockholders of $20.6 million, or $0.70 per basic and diluted share.