NASDAQ$JAKK
JAKKS Pacific Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Net sales decreased due to store closures, but cost reductions led to improved gross margin and reduced operating expenses.
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.
- Net sales decreased by 17% to $78.8 million due to COVID-19 related store closures.
- Toys/Consumer Products segment sales declined 4%, while Disguise segment sales decreased 38%.
- Gross margin improved to 21.3% from 18.6% due to lower product costs.
- Operating expenses decreased by 27% due to cost reduction initiatives.
Headline financials
Revenue & EPS history
JAKKS · Revenue · Quarterly
$78.8M
Revenue by segment
JAKKS · $310M total across 2 segments · Q3 2023
- Toys/Consumer Products$246M—79.4%
- Costumes$63.7M—20.6%
Forward guidance
The company aims to focus on proven brands, maintain low costs, and preserve cash in the second half of 2020 to set up for a strong 2021.
Tailwinds
- Focus on proven, evergreen brands and categories
- Keep costs low
- Preserve cash
- Set up the Company for a strong 2021
- Retail POS was up mid-teens through June
Headwinds
- Uncertainty among retailers with regard to Halloween
- Taking a more cautious approach to credit risk
- Consumers will celebrate Halloween with lower levels of spending
- Retail inventories were down mid-to-high teens at mid-year
- Impact of competitive products and pricing
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 Q2 2020
-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
| Quarter | Report date | Reaction (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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