NASDAQ$JAKK

JAKKS Pacific Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

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.

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.

Headline financials

Total Revenue

$127M

Previous: $132M-3.4%
EPS (adj)

-$1.04

Previous: -$1.44+27.8%
Gross Margin

26.5%

Previous: 21.7%+22.1%
Adjusted EBITDA

-$10.9M

No prior period
Capital Expenditures

$3.19M

Previous: $2.3M+38.8%
Net Income

-$11.3M

Previous: $38.9M-129.0%
Operating Income

-$15.3M

Previous: -$15.7M+2.3%
Gross Profit

$33.7M

Previous: $28.6M+18.0%
Stock-Based Comp

$2.06M

Previous: $1.65M+25.0%

Revenue & EPS history

JAKKS · Revenue · Quarterly

$127M

Q4 2023-3.4%vs Q4 2022
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

Although customers are tentatively moving into the new year, we believe our core businesses remain on solid footing.

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 Q4 2023

Historical avgQ4 2023

-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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