JAKKS Pacific Earnings Call Transcripts
Fiscal Year 2026
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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 strong sales, margin improvement, and international growth, with Latin America up 48%. Gross margin exceeded 33%, and the company remains debt-free. Despite industry-wide soft sell-through, market share gains and a robust 2025 lineup position the business for continued strength.
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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.