The earnings call for JAKKS Pacific Q3 2024 highlights strong year-over-year sales growth, debt-free status, and successful international expansion. However, challenges include regional sales declines and concerns over retailer creditworthiness. The sentiment reflects a balanced view with notable achievements but also significant challenges.

Company Guidance

During the Q3 2024 earnings call for JAKKS Pacific, Stephen Berman, the CEO, provided comprehensive guidance on several metrics. He highlighted that Q3 is traditionally the highest sales quarter, with all three Toy Consumer Products divisions experiencing year-over-year sales increases. The Dolls and Role Play dress-up business grew by 6% in the quarter and 2% year-to-date, while the action play and collectibles sector saw a 5% quarterly increase but was down 9% year-to-date. Latin America showed remarkable growth, with Q3 sales of $22.6 million, up 48% compared to the previous year and 23% year-to-date. In contrast, the European region was down 3.8%, and the AM Pacific region decreased by 3.4%. Canada experienced over a $4 million decline in Q3 sales. On the financial side, JAKKS maintained a gross margin over 33% in Q3, and net inventory decreased to $63.5 million from $68.8 million the previous year. The company remains debt-free, with no drawdown on its credit line and adjusted EPS for the quarter at $4.79. Berman emphasized the strategic focus on accessible price points, with over 50% of toy sales at $30 or less, and discussed new product initiatives and IP partnerships, including upcoming films and retail exclusives.

Year-over-Year Sales Growth

All three Toy Consumer Products divisions delivered year-over-year sales increases in Q3 2024, including a 48% increase in Latin America.

Strong Financial Position

The company remains debt-free, with $63.5 million in net inventory, down from $68.8 million the previous year, and no drawdown on their credit line.

International Expansion

The European region continues to open new accounts, and the costume business outside the U.S. saw a 7% increase versus the prior year.

Adjusted EPS Increase

Q3 2024 adjusted EPS was $4.79, up from $4.75 in the previous year.

Content Business Growth

The content business lifted nicely year-over-year, with strong performance in the back half of the year.

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Jakks Pacific (JAKK) Earnings, Revenues Date & History

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JAKK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2025	2024 (Q4)	-0.93 / -	-1.04	―	―	―
Oct 30, 2024	2024 (Q3)	3.87 / 4.79	4.75	0.84% (+0.04)
Jul 31, 2024	2024 (Q2)	0.33 / 0.65	1.26	-48.41% (-0.61)
Apr 24, 2024	2024 (Q1)	-0.85 / -1.09	-0.4	-172.50% (-0.69)
Feb 29, 2024	2023 (Q4)	-1.14 / -1.04	-1.44	27.78% (+0.40)
Nov 01, 2023	2023 (Q3)	3.38 / 4.75	3.8	25.00% (+0.95)
Jul 27, 2023	2023 (Q2)	0.51 / 1.26	2.1	-40.00% (-0.84)
Apr 27, 2023	2023 (Q1)	-0.94 / -0.40	-0.28	-42.86% (-0.12)
Mar 09, 2023	2022 (Q4)	-1.37 / -1.44	0.14	-1128.57% (-1.58)
Oct 27, 2022	2022 (Q3)	2.95 / 3.80	3.76	1.06% (+0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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JAKK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$27.46	$31.55	+14.89%
Jul 31, 2024	$21.04	$24.37	+15.83%
Apr 24, 2024	$23.46	$19.73	-15.90%
Feb 29, 2024	$35.11	$25.63	-27.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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