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JAKKS Pacific(JAKK) - 2025 Q1 - Quarterly Results
JAKKJAKKS Pacific(JAKK)2025-04-29 21:26

Financial Performance - Net sales for Q1 2025 were 113.3million,a26113.3 million, a 26% increase from 90.1 million in Q1 2024[8] - Gross profit reached 39.0million,up39.0 million, up 17.9 million compared to 21.1millioninQ12024,withagrossmarginof34.421.1 million in Q1 2024, with a gross margin of 34.4% versus 23.4% in the prior year[6] - Operating loss improved to 3.8 million from an operating loss of 21.3millioninQ12024[6]−Adjustednetlossattributabletocommonstockholderswas21.3 million in Q1 2024[6] - Adjusted net loss attributable to common stockholders was 0.4 million (or 0.03pershare),significantlybetterthananadjustednetlossof0.03 per share), significantly better than an adjusted net loss of 11.3 million (or 1.09pershare)inQ12024[6]−AdjustedEBITDAforQ12025was1.09 per share) in Q1 2024[6] - Adjusted EBITDA for Q1 2025 was 354,000, a substantial improvement from (17,235,000)inQ12024,reflectinga1940basispointsincrease[26]−Netlossattributabletocommonstockholdersdecreasedto(17,235,000) in Q1 2024, reflecting a 1940 basis points increase[26] - Net loss attributable to common stockholders decreased to (2,382,000) from (13,175,000),an82(13,175,000), an 82% improvement[26] - Loss per share improved to (0.21) from (1.27)inthepreviousyear[23]SalesGrowth−Internationalsalesincreasedto(1.27) in the previous year[23] Sales Growth - International sales increased to 21.0 million, up from 16.3millionlastyear,withEuropeshowingover10016.3 million last year, with Europe showing over 100% growth from 5.7 million to 11.8million[8]−SalesintheUnitedStatesgrewby26.311.8 million[8] - Sales in the United States grew by 26.3% to 88,944,000 compared to 70,430,000inQ12024[28]−TheDolls,Role−Play/DressUpdivisionsawa36.770,430,000 in Q1 2024[28] - The Dolls, Role-Play/Dress Up division saw a 36.7% increase in sales to 55,463,000 from 40,574,000[28]−Europeexperiencedasignificantsalesincreaseof105.940,574,000[28] - Europe experienced a significant sales increase of 105.9% to 11,810,000 from 5,735,000[28]FinancialStability−Cashandcashequivalentstotaled5,735,000[28] Financial Stability - Cash and cash equivalents totaled 59.4 million as of March 31, 2025, compared to 35.5millionayearearlier[9]−Inventorywas35.5 million a year earlier[9] - Inventory was 53.2 million, up from 46.3millioninQ12024[9]−Thecompanyeliminatedalllong−termdebtin2023,enhancingitsfinancialstability[4]DividendDeclaration−Thecompanydeclaredaquarterlydividendof46.3 million in Q1 2024[9] - The company eliminated all long-term debt in 2023, enhancing its financial stability[4] Dividend Declaration - The company declared a quarterly dividend of 0.25 per share, payable on June 27, 2025[7] Strategic Focus - JAKKS Pacific is focusing on growth opportunities in Europe and Latin America, which are currently delivering real growth[5] Cost Management - The overall cost of sales as a percentage of net sales decreased to 65.6% from 76.6% year-over-year[24]