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Dec 31, 2023
JAKKS Q4 2023 Earnings Report
JAKKS Pacific's financial performance decreased in net sales but increased in gross profit for the fourth quarter of 2023, while the full year saw a decrease in net sales but an increase in gross profit.
Key Takeaways
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.
Net sales for Q4 2023 decreased by 3% year-over-year to $127.4 million.
Gross margin for Q4 2023 increased to 26.5%, up 480 basis points compared to Q4 2022.
Net loss attributable to common stockholders for Q4 2023 was $11.3 million, compared to a net income of $37.6 million in Q4 2022.
Full-year gross profit increased by 6% to $223.4 million, the highest since 2015.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Although customers are tentatively moving into the new year, we believe our core businesses remain on solid footing.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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