Q4 2024 JAKKS Pacific Inc Earnings Call Transcript

Feb 20, 2025 / 10:00 PM GMT

Release Date Price: €33.2

Transcript 10-K8-K

Key Points

Positve

Jakks Pacific Inc (JAKK) reported a 4.8% growth in the second half of 2024 compared to 2023, indicating positive momentum.
The company increased its US market leadership position by a couple of points, despite a smaller overall market.
International growth continues, with the disguised business reaching an all-time high outside North America for the fourth consecutive year.
Jakks Pacific Inc (JAKK) has no long-term debt, providing a strong financial position for future growth.
The company initiated a quarterly dividend of $0.25 per share, reflecting confidence in its financial stability and future prospects.

Negative

The touring consumer products business was down 1.8% for the full year, with each division down around 12%.
The costume business experienced a 7.5% decline for the full year, driven by softness in the US market.
Operating margin declined by 260 basis points to 5.7% from 8.3% in 2023, highlighting challenges in maintaining profitability.
Adjusted earnings per share decreased to $3.79 from $4.62 in the prior year, indicating a drop in profitability.
Inventory obsolescence was a persistent issue throughout 2024, affecting gross margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

JAKK.OQ - JAKKS Pacific Inc
Q4 2024 JAKKS Pacific Inc Earnings Call
Feb 20, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon everyone. Welcome to the Jack Pacific 4th quarter and full year 2024 earnings conference call with management who will review financial results for the quarter ending December 31, 2024.Ax issued its earnings press release earlier today.

The earnings release and related presentation slides for today's call are available on the company's website in the investor section.

On the call this afternoon are Steven Berman, Chairman and Chief Executive Officer, and John Campbell, Chief Financial Officer.

Steven will first provide an overview of the quarter and full fiscal year, along with highlights of recent performance and current business trends. Then John will provide some additional comments about Jack

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