NASDAQ$JAKK

JAKKS Pacific Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

JAKKS Pacific reported financial results with highest Q1 net sales and earnings per share in 14 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.

  • Net sales increased by 44% to $120.9 million compared to $83.8 million last year.
  • Costume business more than doubled compared to Q1 2021.
  • Net loss attributable to common stockholders was $4.2 million (or $0.43 per share), compared to a net loss of $24.4 million (or $4.54 per share) in Q1 2021.
  • Adjusted EBITDA was $1.9 million, compared to negative $2.4 million in the first quarter of 2021.

Headline financials

Total Revenue

$121M

Previous: $83.8M+44.2%
EPS (adj)

-$0.28

Previous: -$1.77+84.2%
Capital Expenditures

-$1.82M

Previous: -$1.47M-23.4%
Free Cash Flow

-$5.63M

Previous: -$25.6M+78.0%
Net Income

-$3.81M

Previous: -$24.1M+84.2%
Operating Income

-$734K

Previous: -$2.72M+73.0%
Gross Profit

$29.9M

Previous: $26.1M+14.7%
Cash & Equivalents

$39.2M

Previous: $80.4M-51.2%
Total Assets

$316M

Previous: $298M+5.8%

Revenue & EPS history

JAKKS · Revenue · Quarterly

$121M

Q1 2022+44.2%vs Q1 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

JAKKS · $310M total across 2 segments · Q3 2023

  • Toys/Consumer Products
    $246M
  • Costumes
    $63.7M

Forward guidance

The company anticipates higher inbound freight expenses will continue to weigh down gross margins for the balance of the year but is excited by the opportunities seen ahead this year and thinking ahead to 2023.

Headwinds

  • Higher inbound freight expenses continued to weigh down gross margins.
  • The company expects higher inbound freight expenses to continue to weigh down gross margins for the balance of the year.
  • The company continues to navigate the unpredictable nature of current events.
  • Continuing pandemic-driven manufacturing and supply-chain challenges

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.4%

Avg return

Earnings day

-1.5%

Avg return

5 days after

-0.1%

Avg return

30 days after

36%

23 / 64 earnings

Positive

+38.8%

Q3 2013

Best reaction

-27.3%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.9%-3.4%-9.4%
Q3 2025-6.2%-1.1%-8.3%
Q1 2025-0.9%-6.6%+3.4%
Q4 2024-13.8%-21.5%-29.4%
Q3 2024+15.0%+11.2%+6.2%
Q2 2024+17.4%+2.2%+18.7%
Q1 2024-13.4%-15.4%-18.0%
Q4 2023-27.3%-31.1%-30.0%
Q3 2023+37.1%+58.0%+78.7%
Q2 2023+2.0%+16.0%+9.2%
Q1 2023+8.3%+11.1%+6.6%
Q4 2022-20.3%-16.6%-1.7%
Q3 2022-1.9%-12.0%-5.0%
Q2 2022+33.2%+31.3%+42.6%
Q1 2022+4.8%+21.9%+1.0%
Q4 2021+5.3%+8.2%+5.6%
Q3 2021-6.0%-1.5%-5.9%
Q2 2021+9.0%+12.3%+9.0%
Q1 2021+23.0%+31.5%+16.6%
Q4 2020-7.5%-18.4%-14.6%
Q3 2020+26.1%+4.2%+8.3%
Q2 2020-14.0%-16.5%-36.3%
Q1 2020-14.4%-9.1%+72.7%
Q4 2019-8.4%-16.7%-63.5%
Q3 2019+4.1%-7.2%+22.9%
Q2 2019-10.0%-12.5%+3.8%
Q1 2019-21.4%-28.2%-28.2%
Q4 2018-14.6%-21.6%-47.2%
Q3 2018+7.0%+7.5%+5.7%
Q2 2018-2.1%-4.2%+3.3%
Q1 2018+14.3%+11.9%+47.6%
Q4 2017-8.5%-4.3%-12.8%
Q3 2017-13.2%-19.1%-23.5%
Q2 2017-6.7%-9.3%-6.7%
Q1 2017-4.3%-5.8%-19.2%
Q4 2016+8.9%+4.0%+6.9%
Q3 2016-16.6%-16.0%-15.3%
Q2 2016+3.5%+8.2%+1.9%
Q1 2016-2.6%
Q4 2015-18.5%
Q3 2015-6.1%
Q2 2015+9.1%
Q1 2015-1.7%
Q4 2014-3.4%
Q3 2014-18.2%
Q2 2014-13.5%
Q1 2014-2.9%
Q4 2013+22.4%
Q3 2013+38.8%
Q2 2013-1.1%
Q1 2013+5.7%
Q4 2012-7.6%
Q3 2012-2.1%
Q2 2012+1.2%
Q1 2011-0.2%
Q1 2012+0.1%
Q4 2009-1.1%
Q4 2011-1.1%
Q3 2010-1.2%
Q3 2011-1.2%
Q2 2010-3.2%
Q4 2010-3.2%
Q2 2011-3.2%
Q1 2010+2.0%

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