附錄99.1
傑克仕太平洋公佈2024年第三季度財務業績報告
Q3淨銷售較去年同期增加4％；Q3營業收入較去年同期增加9％
加州聖莫尼卡， 2024年10月30日 - JAKKS Pacific, Inc.（納斯達克：JAKK）今日公佈了截至2024年9月30日為止的第三季度和九個月度財務業績。
2024年第三季總覽
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淨銷售額為3,2160萬美元，同比增長4%。 |
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玩具/消費品淨銷售額為2億6430萬美元，同比增長7% |
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玩具/消費品今年迄今淨銷售額為$45180萬，同比下降2% |
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服裝網銷售額為5730萬美元，同比下降10% |
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今年截至今日成衣淨銷售額為$10850萬，較去年同期下降11%。 |
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毛利率為33.8％，比2023年第三季度下降了70個基點 |
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10880萬美元的毛利潤，較2023年Q3的10700萬美元增加了2% |
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今年迄今總毛利潤為17750萬美元，較2023年同期的18960萬美元下降了6%。 |
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2024年第三季營業收入為6810萬美元（佔淨銷售額的21.2%），較2023年第三季的6240萬美元（佔淨銷售額的20.1%）有所增加 |
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普通股東應佔淨利潤為5230萬美元，每股稀釋後凈利潤為4.64美元，較2023年第三季度的普通股東應佔淨利潤4780萬美元，每股稀釋後凈利潤4.53美元高。 |
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調整後歸屬於普通股股東的凈利潤（一個非通用會計原則）為5400萬美元，或每股稀釋後4.79美元，較2023年第3季度的調整後歸屬於普通股股東的凈利潤為5010萬美元，或每股稀釋後4.75美元。 |
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2023年第三季調整後息稅折舊及攤銷前利潤（一項非根據會計準則的衡量指標）為7440萬美元，較2023年第三季的6710萬美元高。 |
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過去十二個月的調整後EBITDA為5850萬美元（佔過去十二個月淨銷售額的8.5%），較截至2023年9月結束的過去十二個月中的7450萬美元（淨銷售額的10.4%）下降。 |
管理層評論
我們很高興分享非常強勁的第三季度業績。多年來，我們最大的航運季度一直是第三季，這是由我們對 FOB 銷售模式的重點推動所致。今年也不例外，美國業務創下了過去十年來最大的航運季度。年度計劃正在順利達成目標。在某些較困難的上半年營業收入比較基數之後，公司整體銷售額同比增長 4%。我們的毛利率保持在強勁的 33.8%，與與業務相關的成本增長減緩，實現營業利潤率達到 21.2%，輕微優於去年同期。我們的玩具/消費品部門在本季度均實現銷售增長。娃娃、角色扮演/換裝增長了 5.5%，達到14690萬美元，動作玩具和收藏品增長了 5.4%，達到9880萬美元，戶外/季節性玩具增長了 42.4%，達到1870萬美元。
「我們的服裝業務如預期的那樣，由於客戶重新校準以應對與前一年相比更低的萬聖節消費需求，反映了軟弱的情況。在該季度，全球服裝業務下降了10.1％，而全年下降了11.3％。」
我們對消費者對我們2024年秋季新產品的早期反應感到鼓舞。我們現在對按計劃完成今年並利用零售動能以交付強勁的2025年感到自信。
2024年第三季度和截至目前年度的額外亮點
全球玩具/消費品部門銷售額增長7％（北美6.4％；國際11.5％），而化裝服裝的銷售額與去年相比下降10％（北美-11.6％；國際6.5％）。
截至今年迄今，經調整後可歸屬於普通股股東的凈利潤（一項非通用會計原則）為5000萬美元（每股摊薄$4.50），較2023年前九個月的5940萬美元（每股摊薄$5.66）下降。
截至今年為止，調整後的EBITDA為6940萬美元（佔淨銷售額的12.4%），較2023年同期的8660萬美元（佔淨銷售額的14.8%）有所下降。
資產負債表亮點
公司截至2024年9月30日的現金及現金等價物（包括受限現金）總計為2230萬美元，相較於2023年9月30日的9640萬美元，以及2023年12月31日的7260萬美元。
庫存為6,350萬美元，截至2023年9月30日為6,880萬美元，截至2023年12月31日為5,260萬美元。
使用非依照會計準則之財務資訊及將依照會計準則轉換為非依照會計準則之措施：
除了根據美國通用會計準則報告的初步結果外，該公司還提供了某些非通用會計金融信息，包括調整後的EBITDA和調整後的凈利潤（損失），不包括詳細列在財務表格和附帶註腳中說明的各種項目對應這份報告中GAAP與非GAAP結果的對比。新聞稿中包含的非通用會計金融指標已按照證券交易委員會關於使用非通用會計金融指標的規定與下列相應的通用會計金融指標進行了對帳。
我們將調整後的EBITDA定義為從業務中的利潤（損失）不計折舊、攤銷和調整某些非遞延和非現金費用，例如重組費用和受限股票補償費用。凈利潤（損失）也經過調整並經過稅後處理，得出調整後的凈利潤（損失）。調整後的EBITDA和調整後的凈利潤（損失）在GAAP下並非公認的財務指標，但我們認為它們有助於衡量我們的營運表現，提升對公司過去財務表現的整體理解，並透過在一致基礎上比較我們在報告期間的表現，為投資者提供有用的信息。投資者不應孤立地考慮這些指標，也不應將其視為凈利潤、營業利潤或任何根據GAAP計算的其他度量指標的替代。此外，由於這些指標未根據GAAP計算，它們可能不一定與其他公司使用的同樣標題的指標可比較。
新聞稿中包含的非GAAP財務指標已按照證券交易委員會關於使用非GAAP財務指標的規則要求與相應的GAAP財務指標進行了調整。有關使用非GAAP財務信息的其他披露請參見“使用非GAAP財務信息”。
會議看漲現場網路直播
JAKKS Pacific, Inc.邀請分析師、投資者及媒體參與預定於2024年10月30日下午5:00 Et / 下午2:00 Pt的電話會議。有關通話的現場網路轉播將在該公司網站“投資者關係”頁面www.jakks.com/investors上提供。為了透過電話接聽本次通話，請前往此連結（3Q24 註冊連結），您將會獲得撥入詳情。為避免延誤，我們建議參與者提前十五分鐘撥入會議。網路轉播的重播亦將在www.jakks.com/investors提供一段有限時間。).
About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. is a leading designer, manufacturer and marketer of toys and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific’s popular proprietary brands include: AirTitans®, Disguise®, Fly Wheels®, JAKKS Wild Games®, Moose Mountain®, Maui®, Perfectly Cute®, ReDo® Skateboard Co., Sky Ball®, SportsZone™, Xtreme Power Dozer®, WeeeDo®, and Wild Manes™ as well as a wide range of entertainment-inspired products featuring premier licensed properties. Through our products and our charitable donations, JAKKS is helping to make a positive impact on the lives of children. Visit us at www.jakks.com and follow us on Instagram (@jakkspacific.toys), Twitter (@jakkstoys) and Facebook (@jakkspacific.toys).
Forward Looking Statements
This press release may contain “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific's business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS Pacific's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, or that the Recapitalization transaction or any future transactions will result in future growth or success of JAKKS. The “forward-looking statements” contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release.
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CONTACT: |
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JAKKS Pacific Investor Relations |
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(424) 268-9567 Lucas Natalini investors@jakks.net |
JAKKS Pacific, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets (Unaudited)
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September 30, |
December 31, |
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2024 |
2023 |
2023 |
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(In thousands) |
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Assets |
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Current assets: |
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Cash and cash equivalents |
$ | 22,070 | $ | 96,252 | $ | 72,350 | ||||||
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Restricted cash |
214 | 195 | 204 | |||||||||
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Accounts receivable, net |
290,424 | 206,751 | 123,797 | |||||||||
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Inventory |
63,509 | 68,832 | 52,647 | |||||||||
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Prepaid expenses and other assets |
8,082 | 6,721 | 6,374 | |||||||||
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Total current assets |
384,299 | 378,751 | 255,372 | |||||||||
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Property and equipment |
144,072 | 135,821 | 135,956 | |||||||||
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Less accumulated depreciation and amortization |
128,947 | 121,193 | 121,357 | |||||||||
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Property and equipment, net |
15,125 | 14,628 | 14,599 | |||||||||
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Operating lease right-of-use assets, net |
19,242 | 25,743 | 23,592 | |||||||||
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Deferred income tax assets, net |
68,187 | 57,856 | 68,143 | |||||||||
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Goodwill |
35,102 | 35,083 | 35,083 | |||||||||
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Other long-term assets |
1,923 | 2,220 | 2,162 | |||||||||
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Total assets |
$ | 523,878 | $ | 514,281 | $ | 398,951 | ||||||
| Liabilities, Preferred Stock and Stockholders' Equity | ||||||||||||
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Current liabilities: |
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Accounts payable |
$ | 98,928 | $ | 94,409 | $ | 42,177 | ||||||
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Accounts payable - Meisheng (related party) |
35,011 | 27,977 | 12,259 | |||||||||
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Accrued expenses |
71,748 | 65,609 | 45,102 | |||||||||
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Reserve for sales returns and allowances |
40,837 | 43,512 | 38,531 | |||||||||
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Income taxes payable |
- | 17,422 | 3,785 | |||||||||
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Short term operating lease liabilities |
7,405 | 6,415 | 7,380 | |||||||||
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Total current liabilities |
253,929 | 255,344 | 149,234 | |||||||||
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Long term operating lease liabilities |
14,536 | 19,283 | 16,666 | |||||||||
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Accrued expenses - long term |
1,824 | 3,750 | 3,746 | |||||||||
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Preferred stock derivative liability |
- | 28,586 | 29,947 | |||||||||
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Income taxes payable |
3,523 | 2,994 | 3,245 | |||||||||
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Total liabilities |
273,812 | 309,957 | 202,838 | |||||||||
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Preferred stock accrued dividends |
- | 5,608 | 5,992 | |||||||||
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Stockholders' equity: |
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Common stock, $.001 par value |
11 | 10 | 10 | |||||||||
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Additional paid-in capital |
295,400 | 277,546 | 278,642 | |||||||||
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Accumulated deficit |
(30,579 | ) | (62,744 | ) | (73,612 | ) | ||||||
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Accumulated other comprehensive loss |
(15,266 | ) | (16,808 | ) | (15,627 | ) | ||||||
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Total JAKKS Pacific, Inc. stockholders' equity |
249,566 | 198,004 | 189,413 | |||||||||
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Non-controlling interests |
500 | 712 | 708 | |||||||||
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Total stockholders' equity |
250,066 | 198,716 | 190,121 | |||||||||
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Total liabilities, preferred stock and stockholders' equity |
$ | 523,878 | $ | 514,281 | $ | 398,951 | ||||||
Supplemental Balance Sheet and Cash Flow Data (Unaudited)
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September 30, |
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Key Balance Sheet Data: |
2024 |
2023 |
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Accounts receivable days sales outstanding (DSO) |
83 | 61 | ||||||
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Inventory turnover (DSI) |
27 | 31 | ||||||
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Nine Months Ended September 30, |
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Condensed Cash Flow Data: |
2024 |
2023 |
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Cash flows provided by (used in) operating activities |
$ | (15,181 | ) | $ | 89,421 | |||
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Cash flows used in investing activities |
(8,989 | ) | (7,427 | ) | ||||
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Cash flows used in financing activities and other |
(26,100 | ) | (71,037 | ) | ||||
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Increase in cash, cash equivalents and restricted cash |
$ | (50,270 | ) | $ | 10,957 | |||
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Capital expenditures |
$ | (7,344 | ) | $ | (7,464 | ) | ||
JAKKS Pacific, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations (Unaudited)
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Three Months Ended September 30, |
Nine Months Ended September 30, |
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2024 |
2023 |
Δ (%) |
2024 |
2023 |
Δ (%) |
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(In thousands, except per share data) |
(In thousands, except per share data) |
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Net sales |
$ | 321,606 | $ | 309,744 | 4 | % | $ | 560,301 | $ | 584,161 | (4 | )% | ||||||||||||
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Less: Cost of sales |
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Cost of goods |
158,770 | 149,052 | 7 | 289,190 | 293,512 | (1 | ) | |||||||||||||||||
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Royalty expense |
50,011 | 51,141 | (2 | ) | 86,181 | 95,074 | (9 | ) | ||||||||||||||||
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Amortization of tools and molds |
3,994 | 2,566 | 56 | 7,462 | 5,955 | 25 | ||||||||||||||||||
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Cost of sales |
212,775 | 202,759 | 5 | 382,833 | 394,541 | (3 | ) | |||||||||||||||||
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Gross profit |
108,831 | 106,985 | 2 | 177,468 | 189,620 | (6 | ) | |||||||||||||||||
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Direct selling expenses |
7,552 | 10,684 | (29 | ) | 21,904 | 22,405 | (2 | ) | ||||||||||||||||
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General and administrative expenses |
33,101 | 33,821 | (2 | ) | 100,887 | 92,492 | 9 | |||||||||||||||||
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Depreciation and amortization |
95 | 81 | 17 | 275 | 276 | - | ||||||||||||||||||
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Selling, general and administrative expenses |
40,748 | 44,586 | (9 | ) | 123,066 | 115,173 | 7 | |||||||||||||||||
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Income from operations |
68,083 | 62,399 | 9 | 54,402 | 74,447 | (27 | ) | |||||||||||||||||
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Other income (expense): |
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Loss from joint ventures |
- | - | - | - | (565 | ) | nm | |||||||||||||||||
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Other income (expense), net |
84 | (52 | ) | nm | 294 | 424 | (31 | ) | ||||||||||||||||
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Change in fair value of preferred stock derivative liability |
- | (793 | ) | nm | - | (6,668 | ) | nm | ||||||||||||||||
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Loss on debt extinguishment |
- | - | - | - | (1,023 | ) | nm | |||||||||||||||||
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Interest income |
69 | 384 | (82 | ) | 533 | 587 | (9 | ) | ||||||||||||||||
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Interest expense |
(539 | ) | (1,436 | ) | (62 | ) | (938 | ) | (5,741 | ) | (84 | ) | ||||||||||||
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Income before provision for income taxes |
67,697 | 60,502 | 12 | 54,291 | 61,461 | (12 | ) | |||||||||||||||||
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Provision for income taxes |
15,425 | 12,381 | 25 | 10,978 | 12,476 | (12 | ) | |||||||||||||||||
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Net income |
52,272 | 48,121 | 9 | 43,313 | 48,985 | (12 | ) | |||||||||||||||||
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Net income (loss) attributable to non-controlling interests |
- | (11 | ) | nm | 280 | (289 | ) | nm | ||||||||||||||||
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Net income attributable to JAKKS Pacific, Inc. |
$ | 52,272 | $ | 48,132 | 9 | % | $ | 43,033 | $ | 49,274 | (13 | )% | ||||||||||||
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Net income attributable to common stockholders |
$ | 52,272 | $ | 47,754 | 9 | % | $ | 44,363 | $ | 48,156 | (8 | )% | ||||||||||||
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Earnings per share - basic |
$ | 4.78 | $ | 4.77 | $ | 4.14 | $ | 4.85 | ||||||||||||||||
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Shares used in earnings per share - basic |
10,942 | 10,021 | 10,704 | 9,922 | ||||||||||||||||||||
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Earnings per share - diluted |
$ | 4.64 | $ | 4.53 | $ | 3.99 | $ | 4.58 | ||||||||||||||||
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Shares used in earnings per share - diluted |
11,275 | 10,542 | 11,106 | 10,503 | ||||||||||||||||||||
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Three Months Ended September 30, |
Nine Months Ended September 30, |
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2024 |
2023 |
Δ bps |
2024 |
2023 |
Δ bps |
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Fav/(Unfav) |
Fav/(Unfav) |
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Net sales |
100.0 | % | 100.0 | % | - | 100.0 | % | 100.0 | % | - | ||||||||||||||
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Less: Cost of sales |
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Cost of goods |
49.4 | 48.2 | (120 | ) | 51.6 | 50.2 | (140 | ) | ||||||||||||||||
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Royalty expense |
15.6 | 16.5 | 90 | 15.4 | 16.3 | 90 | ||||||||||||||||||
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Amortization of tools and molds |
1.2 | 0.8 | (40.0 | ) | 1.3 | 1.0 | (30 | ) | ||||||||||||||||
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Cost of sales |
66.2 | 65.5 | (70 | ) | 68.3 | 67.5 | (80 | ) | ||||||||||||||||
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Gross profit |
33.8 | 34.5 | (70 | ) | 31.7 | 32.5 | (80 | ) | ||||||||||||||||
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Direct selling expenses |
2.3 | 3.5 | 120 | 3.9 | 3.8 | (10 | ) | |||||||||||||||||
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General and administrative expenses |
10.3 | 10.9 | 60 | 18.1 | 15.9 | (220 | ) | |||||||||||||||||
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Depreciation and amortization |
- | - | - | - | 0.1 | 10 | ||||||||||||||||||
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Selling, general and administrative expenses |
12.6 | 14.4 | 180 | 22.0 | 19.8 | (220 | ) | |||||||||||||||||
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Income from operations |
21.2 | 20.1 | 110 | 9.7 | 12.7 | (300 | ) | |||||||||||||||||
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Other income (expense): |
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Loss from joint ventures |
- | - | - | (0.1 | ) | |||||||||||||||||||
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Other income (expense), net |
- | - | 0.1 | 0.1 | ||||||||||||||||||||
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Change in fair value of preferred stock derivative liability |
- | (0.3 | ) | - | (1.1 | ) | ||||||||||||||||||
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Loss on debt extinguishment |
- | - | - | (0.2 | ) | |||||||||||||||||||
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Interest income |
- | 0.1 | 0.1 | 0.1 | ||||||||||||||||||||
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Interest expense |
(0.2 | ) | (0.4 | ) | (0.2 | ) | (1.0 | ) | ||||||||||||||||
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Income before provision for income taxes |
21.0 | 19.5 | 9.7 | 10.5 | ||||||||||||||||||||
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Provision for income taxes |
4.7 | 4.0 | 2.0 | 2.1 | ||||||||||||||||||||
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Net income |
16.3 | 15.5 | 7.7 | 8.4 | ||||||||||||||||||||
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Net income (loss) attributable to non-controlling interests |
- | - | - | - | ||||||||||||||||||||
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Net income attributable to JAKKS Pacific, Inc. |
16.3 | % | 15.5 | % | 7.7 | % | 8.4 | % | ||||||||||||||||
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Net income attributable to common stockholders |
16.3 | % | 15.4 | % | 7.9 | % | 8.2 | % | ||||||||||||||||
JAKKS Pacific, Inc. and Subsidiaries
Reconciliation of Non-GAAP Financial Information (Unaudited)
|
Three Months Ended September 30, |
Nine Months Ended September 30, |
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2024 |
2023 |
Δ ($) |
2024 |
2023 |
Δ ($) |
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(In thousands) |
(In thousands) | |||||||||||||||||||||||
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EBITDA and Adjusted EBITDA |
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Net income |
$ | 52,272 | $ | 48,121 | $ | 4,151 | $ | 43,313 | $ | 48,985 | $ | (5,672 | ) | |||||||||||
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Interest expense |
539 | 1,436 | (897 | ) | 938 | 5,741 | (4,803 | ) | ||||||||||||||||
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Interest income |
(69 | ) | (384 | ) | 315 | (533 | ) | (587 | ) | 54 | ||||||||||||||
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Provision for income taxes |
15,425 | 12,381 | 3,044 | 10,978 | 12,476 | (1,498 | ) | |||||||||||||||||
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Depreciation and amortization |
4,089 | 4,398 | (309 | ) | 7,737 | 7,982 | (245 | ) | ||||||||||||||||
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EBITDA |
72,256 | 65,952 | 6,304 | 62,433 | 74,597 | (12,164 | ) | |||||||||||||||||
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Adjustments: |
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Loss from joint ventures (JAKKS Pacific, Inc. - 51%) |
- | - | - | - | 276 | (276 | ) | |||||||||||||||||
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Loss from joint ventures (Meisheng - 49%) |
- | - | - | - | 289 | (289 | ) | |||||||||||||||||
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Other (income) expense, net |
(84 | ) | 52 | (136 | ) | (294 | ) | (424 | ) | 130 | ||||||||||||||
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Restricted stock compensation expense |
2,186 | 2,025 | 161 | 7,280 | 5,970 | 1,310 | ||||||||||||||||||
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Change in fair value of preferred stock derivative liability |
- | 793 | (793 | ) | - | 6,668 | (6,668 | ) | ||||||||||||||||
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Loss on debt extinguishment |
- | - | - | - | 1,023 | (1,023 | ) | |||||||||||||||||
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Adjusted EBITDA |
$ | 74,358 | $ | 67,071 | $ | 7,287 | $ | 69,419 | $ | 86,648 | $ | (17,229 | ) | |||||||||||
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Adjusted EBITDA/Net sales % |
23.1 | % | 21.7 | % |
140 bps |
12.4 | % | 14.8 | % |
-240 bps |
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Trailing Twelve Months Ended |
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2024 |
2023 |
Δ ($) |
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|
(In thousands) |
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TTM EBITDA and TTM Adjusted EBITDA |
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TTM net income |
$ | 32,441 | $ | 87,094 | $ | (54,653 | ) | |||||||
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Interest expense |
1,648 | 8,035 | (6,387 | ) | ||||||||||
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Interest income |
(1,290 | ) | (650 | ) | (640 | ) | ||||||||
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Provision for (benefit from) income taxes |
5,335 | (41,855 | ) | 47,190 | ||||||||||
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Depreciation and amortization |
10,091 | 9,934 | 157 | |||||||||||
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TTM EBITDA |
48,225 | 62,558 | (14,333 | ) | ||||||||||
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Adjustments: |
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|
Loss from joint ventures (JAKKS Pacific, Inc. - 51%) |
- | 276 | (276 | ) | ||||||||||
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Loss from joint ventures (Meisheng - 49%) |
- | 289 | (289 | ) | ||||||||||
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Other (income) expense, net |
(433 | ) | (701 | ) | 268 | |||||||||
|
Restricted stock compensation expense |
9,337 | 7,616 | 1,721 | |||||||||||
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Change in fair value of preferred stock derivative liability |
1,361 | 5,239 | (3,878 | ) | ||||||||||
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Molds and tooling capitalization |
- | (1,751 | ) | 1,751 | ||||||||||
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Loss on debt extinguishment |
- | 1,023 | (1,023 | ) | ||||||||||
|
TTM Adjusted EBITDA |
$ | 58,490 | $ | 74,549 | $ | (16,059 | ) | (22 | )% | |||||
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TTM Adjusted EBITDA/TTM Net sales % |
8.5 | % | 10.4 | % |
-190 bps |
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Three Months Ended September 30, |
Nine Months Ended September 30, |
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|
2024 |
2023 |
Δ ($) |
2024 |
2023 |
Δ ($) |
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|
(In thousands, except per share data) |
(In thousands, except per share data) |
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Adjusted net income attributable to common stockholders |
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Net income attributable to common stockholders |
$ | 52,272 | $ | 47,754 | $ | 4,518 | $ | 44,363 | $ | 48,156 | $ | (3,793 | ) | |||||||||||
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Restricted stock compensation expense |
2,186 | 2,025 | 161 | 7,280 | 5,970 | 1,310 | ||||||||||||||||||
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Change in fair value of preferred stock derivative liability |
- | 793 | (793 | ) | - | 6,668 | (6,668 | ) | ||||||||||||||||
|
Loss on debt extinguishment |
- | - | - | - | 1,023 | (1,023 | ) | |||||||||||||||||
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Loss from joint ventures (JAKKS Pacific, Inc. - 51%) |
- | - | - | - | 276 | (276 | ) | |||||||||||||||||
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2021 BSP Term Loan prepayment penalty |
- | - | - | - | 150 | (150 | ) | |||||||||||||||||
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Molds and Tooling capitalization |
- | (1,751 | ) | 1,751 | - | (1,751 | ) | 1,751 | ||||||||||||||||
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Tax impact of additional charges |
(494 | ) | 1,268 | (1,762 | ) | (1,681 | ) | (1,079 | ) | (602 | ) | |||||||||||||
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Adjusted net income attributable to common stockholders |
$ | 53,964 | $ | 50,089 | $ | 3,875 | $ | 49,962 | $ | 59,413 | $ | (9,451 | ) | |||||||||||
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Adjusted earnings per share - basic & diluted |
$ | 4.93 | $ | 5.00 | $ | (0.07 | ) | $ | 4.67 | $ | 5.99 | $ | (1.32 | ) | ||||||||||
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Shares used in adjusted earnings per share - basic |
10,942 | 10,021 | 921 | 10,704 | 9,922 | 782 | ||||||||||||||||||
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Adjusted earnings per share - diluted |
$ | 4.79 | $ | 4.75 | $ | 0.04 | $ | 4.50 | $ | 5.66 | $ | (1.16 | ) | |||||||||||
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Shares used in adjusted earnings per share - diluted |
11,275 | 10,542 | 733 | 11,106 | 10,503 | 603 | ||||||||||||||||||
JAKKS Pacific, Inc. and Subsidiaries
Net Sales by Division and Geographic Region
|
(In thousands) |
QTD Q3 |
(In thousands) |
YTD Q3 |
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|
Divisions |
2024 |
2023 |
2022 |
% Change |
% Change |
Divisions |
2024 |
2023 |
2022 |
% Change |
% Change |
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|
Toys/Consumer Products |
$ | 264,306 | $ | 246,004 | $ | 269,607 | 7.4 | % | -8.8 | % |
Toys/Consumer Products |
$ | 451,786 | $ | 461,831 | $ | 529,590 | -2.2 | % | -12.8 | % | |||||||||||
|
Dolls, Role-Play/Dress Up |
146,893 | 139,177 | 190,452 | 5.5 | % | -26.9 | % |
Dolls, Role-Play/Dress Up |
251,075 | 246,689 | 354,644 | 1.8 | % | -30.4 | % | |||||||||||||||||
| Action Play & Collectibles | 98,750 | 93,717 | 65,752 | 5.4 | % | 42.5 | % |
Action Play & Collectibles |
168,313 | 184,134 | 134,620 | -8.6 | % | 36.8 | % | |||||||||||||||||
|
Outdoor/Seasonal Toys |
18,663 | 13,110 | 13,403 | 42.4 | % | -2.2 | % |
Outdoor/Seasonal Toys |
32,398 | 31,008 | 40,326 | 4.5 | % | -23.1 | % | |||||||||||||||||
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Costumes |
$ | 57,300 | $ | 63,740 | $ | 53,391 | -10.1 | % | 19.4 | % |
Costumes |
$ | 108,515 | $ | 122,330 | $ | 134,711 | -11.3 | % | -9.2 | % | |||||||||||
|
Total |
$ | 321,606 | $ | 309,744 | $ | 322,998 | 3.8 | % | -4.1 | % |
Total |
$ | 560,301 | $ | 584,161 | $ | 664,301 | -4.1 | % | -12.1 | % | |||||||||||
|
(In thousands) |
QTD Q3 |
(In thousands) |
YTD Q3 |
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|
Regions |
2024 |
2023 |
2022 |
% Change |
% Change |
Regions |
2024 |
2023 |
2022 |
% Change |
% Change |
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|
United States |
$ | 255,278 | $ | 244,931 | $ | 253,854 | 4.2 | % | -3.5 | % |
United States |
$ | 451,545 | $ | 461,561 | $ | 543,388 | -2.2 | % | -15.1 | % | |||||||||||
|
Europe |
30,034 | 31,676 | 38,075 | -5.2 | % | -16.8 | % |
Europe |
46,033 | 58,476 | 65,911 | -21.3 | % | -11.3 | % | |||||||||||||||||
|
Latin America |
22,632 | 15,319 | 9,504 | 47.7 | % | 61.2 | % |
Latin America |
33,867 | 27,590 | 15,712 | 22.8 | % | 75.6 | % | |||||||||||||||||
|
Canada |
7,068 | 11,453 | 12,804 | -38.3 | % | -10.6 | % |
Canada |
16,726 | 22,306 | 21,720 | -25.0 | % | 2.7 | % | |||||||||||||||||
|
Asia |
2,345 | 3,192 | 4,294 | -26.5 | % | -25.7 | % |
Asia |
4,578 | 6,403 | 8,733 | -28.5 | % | -26.7 | % | |||||||||||||||||
|
Australia & New Zealand |
3,339 | 2,692 | 3,941 | 24.0 | % | -31.7 | % |
Australia & New Zealand |
6,292 | 6,056 | 7,014 | 3.9 | % | -13.7 | % | |||||||||||||||||
|
Middle East & Africa |
910 | 481 | 526 | 89.2 | % | -8.6 | % |
Middle East & Africa |
1,260 | 1,769 | 1,823 | -28.8 | % | -3.0 | % | |||||||||||||||||
|
Total |
$ | 321,606 | $ | 309,744 | $ | 322,998 | 3.8 | % | -4.1 | % |
Total |
$ | 560,301 | $ | 584,161 | $ | 664,301 | -4.1 | % | -12.1 | % | |||||||||||
|
(In thousands) |
QTD Q3 |
(In thousands) |
YTD Q3 |
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|
Regions |
2024 |
2023 |
2022 |
% Change |
% Change |
Regions |
2024 |
2023 |
2022 |
% Change |
% Change |
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|
North America |
$ | 262,346 | $ | 256,384 | $ | 266,658 | 2.3 | % | -3.9 | % |
North America |
$ | 468,271 | $ | 483,867 | $ | 565,108 | -3.2 | % | -14.4 | % | |||||||||||
|
International |
59,260 | 53,360 | 56,340 | 11.1 | % | -5.3 | % |
International |
92,030 | 100,294 | 99,193 | -8.2 | % | 1.1 | % | |||||||||||||||||
|
Total |
$ | 321,606 | $ | 309,744 | $ | 322,998 | 3.8 | % | -4.1 | % |
Total |
$ | 560,301 | $ | 584,161 | $ | 664,301 | -4.1 | % | -12.1 | % | |||||||||||