JAKKS Pacific Earnings Call Transcripts
Fiscal Year 2026
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Q2 net sales rose 17% year-over-year, led by strong North American and international growth, with toys, collectibles, and costumes outperforming, while outdoor seasonal products lagged. Gross margin held steady, operating loss narrowed, and tariff refunds boosted cash. Management expects continued growth, with major launches and new initiatives planned for 2027.
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The meeting, held virtually, included director elections, auditor appointment, and an advisory vote on executive compensation. Lori MacPherson was elected as Class III director, BDO USA, P.C. was appointed auditor, and the executive compensation resolution was not approved.
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Q1 2026 results were in line with expectations, with net sales down 6% year-over-year and strong international growth offsetting U.S. softness. The company is investing in a major anime platform and expanding key product lines, while maintaining a cautious outlook amid cost pressures.
Fiscal Year 2025
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2025 saw sales declines due to tariffs, but gross margin reached a 15-year high and the balance sheet remained debt-free. International growth, strong action sports momentum, and disciplined cost control position the company for low-to-mid-single-digit growth in 2026.
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Q3 2025 saw a 21% year-over-year sales decline, driven by tariff volatility, delayed retailer orders, and higher costs. Gross margin held at 32%, with strong international performance and new product initiatives planned for 2026-2027. Cash position improved, and the company remains focused on cost control and strategic growth.
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Q2 sales fell 20% year-over-year, with U.S. sales down 10% and international up 33%. Adjusted EBITDA dropped to $2.3M, but cash and margins remained strong. Management is prioritizing profitability and flexibility amid tariff-driven uncertainty, with cautious outlook for H2.
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Q1 sales grew 26% year-over-year, with strong gains in both North America and international markets, and gross margin reached 34.4%. Adjusted EBITDA turned positive, and the company remains debt-free, but ongoing tariff uncertainty is driving a cautious outlook and a focus on international expansion.
Fiscal Year 2024
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Second-half 2024 saw 4.8% growth in toy and consumer products, with strong international expansion and a record year for Disguise outside North America. Full-year adjusted EPS was $3.79 and adjusted EBITDA $59.3M, with a new $0.25/share quarterly dividend and no long-term debt.
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Q3 delivered record sales and margin improvement, with strong international growth and new product launches driving performance. Despite industry-wide soft sell-through, the company is gaining market share and remains debt-free, positioning for a robust 2025.
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Q2 2024 net sales fell 11% year-over-year to $148.6M, but gross margin improved to 32%. Major launches for Moana 2 and Sonic 3 are expected to drive growth in the second half, and the company is now debt-free and evaluating capital allocation options.