JAKK JAKKS Pacific Inc

Exhibit 99.1

 

 

JAKKS PACIFIC REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS

Year-to-date Gross Margin of 32+%, highest level since 2011

 

SANTA MONICA, Calif., November 1, 2023 – JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the third quarter ended September 30, 2023.

 

Third Quarter 2023 Overview

●

Net sales were $309.7 million, a year-over-year decrease of 4%

o

Toys/Consumer Products were $246.0 million, a year-over-year decrease of 9%

o

Costumes were $63.7 million, a year-over-year increase of 19%

■

Costumes year-to-date are $122.3 million, a year-over-year decrease of 9%

●

Gross margin of 34.5%, up 600 basis points vs. Q3 2022

●

Gross profit of $107.0 million, up 16% compared to $91.9 million in Q3 2022

o

Year-to-date gross profit of $189.6 million, up 4% compared to $182.7 million in 2022

●

Operating income of $62.4 million (20.1% of net sales) in Q3 2023 vs. $53.7 million (16.7% of net sales) in Q3 2022

o

Year-to-date operating income of $74.4 million (12.7% of net sales) vs. $76.7 million (11.6% of net sales) for the comparable period in 2022

●

Net income attributable to common stockholders of $47.8 million or $4.53 per diluted share, compared to net income attributable to common stockholders of $30.3 million or $2.96 per diluted share in Q3 2022

●

Adjusted net income attributable to common stockholders (a non-GAAP measure) of $50.1 million or $4.75 per diluted share, compared to adjusted net income attributable to common stockholders of $39.0 million or $3.80 per diluted share in Q3 2022

●

Adjusted EBITDA (a non-GAAP measure) of $67.1 million vs. $59.4 million in Q3 2022

o

Trailing twelve month Adjusted EBITDA of $74.5 million (10.4% of trailing twelve months net sales) down from $93.5 million (11.0% of net sales) in the trailing twelve months ended September 2022.

 

Management Commentary

“Although we have seen activity at retail slowing, our business continued to perform well throughout the third quarter. Retail sell-through at our Top 3 accounts in the US were down low single digits on a year-to-date basis, while our inventory at those accounts is down over 20% year-over-year” said Stephen Berman, CEO of JAKKS Pacific. “A more predictable supply-chain and lower promotional activity than last year has resulted in significantly improved product margins, building on the continued rigor and collaboration between our development and sourcing teams. Of note, our Action Play & Collectibles business was up 43% in the quarter, and with $184.1 million shipped through Q3, is up 37% compared to last year. We are looking forward to the holiday season and have recently finished great customer meetings previewing our Fall 2024 product line. We are exceeding our own internal expectations for the full-year and are carefully navigating towards the end of the year given the persistent uncertainty about consumer behavior.

 

“Also in the quarter, we saw our Costumes business seasonality returning to more traditional levels and catching up on a year-to-date basis. Although down 9% in year-to-date shipping vs. 2022, globally, we remain +24% vs. the same period in 2021, along with significantly improved margins. Our view of 2023 Halloween shopping in the US was that it was a bit softer overall. We see that in our data and in referencing syndicated market data. The latter suggests we have retained and expanded our market leadership position, but final syndicated data won’t be available until later this month.

 

“Finally, during the third quarter, we officially opened our new office and internally operated warehouse in Italy to better serve that market and Southern Europe broadly starting in 2024. We are very focused on maximizing our presence across the EU given the current strength of our product line. We nonetheless continue to proactively manage our owned inventory, increasing our internal discipline around turns and maximizing our cash position. Our Q3 ending inventory level of $68.8 million is the lowest Q3 level since 2020, down 37% from this time last year. We are always striving to improve our internal operations to remain competitive and the partner of choice for our customers, licensors and vendors.

 

It is gratifying to see the team continue to deliver exceptional, consistent results. Everyone in our company remains 100% focused on delivering great toys, costumes and other consumer products relevant to today’s children. Our evergreen category assortment and product lines have never been stronger, which continue to enhance our financial position and resilience.”

 

 

Third Quarter 2023 Results

Net sales for the third quarter of 2023 were $309.7 million, down 4% versus $323.0 million last year. The Toys/Consumer Products segment sales were down 9% globally (-10% North America; -4% International) and sales of Disguise costumes were up 19% compared to last year (23% North America; -13% International) as Halloween customers ordering reverted to more traditional seasonality.

 

Year-to-date Toys/Consumer Products sales were down 13% over the comparable 2022 period. Year-to-date the Costumes segment was down 9% over the comparable 2022 period.

 

Year-to-date adjusted net income attributable to common stockholders was $59.4 million ($5.66 per diluted share), compared to $57.5 million ($5.68 per diluted share) in the first nine months of 2022. Year-to-date adjusted EBITDA of $86.6 million (14.8% of net sales) declined from $88.5 million (13.3% of net sales) in the comparable 2022 period.

 

Balance Sheet Highlights

The Company’s cash and cash equivalents (including restricted cash) totaled $96.4 million as of September 30, 2023 compared to $76.6 million as of September 30, 2022, and $85.5 million as of December 31, 2022.

 

Total debt was zero, compared to $67.7 million as of September 30, 2022, and $67.2 million as of December 31, 2022. Total debt included the amount outstanding under the Company's term loan, net of unamortized discounts and issuance costs.

 

Inventory was $68.8 million, compared to $109.2 million as of September 30, 2022 and $80.6 million in total inventory as of December 31, 2022.

 

Use of Non-GAAP Financial Information

In addition to the preliminary results reported in accordance with U.S. GAAP included in this release, the Company has provided certain non-GAAP financial information including Adjusted EBITDA which is a non-GAAP metric that excludes various items that are detailed in the financial tables and accompanying footnotes reconciling GAAP to non-GAAP results contained in this release. Management believes that the presentation of these non-GAAP financial measures provides useful information to investors because the information may allow investors to better evaluate ongoing business performance and certain components of the Company’s results. In addition, the Company believes that the presentation of these financial measures enhances an investor’s ability to make period-to-period comparisons of the Company’s operating results. This information should be considered in addition to the results presented in accordance with GAAP, and should not be considered a substitute for the GAAP results. The Company has reconciled the non-GAAP financial information included in this release to the nearest GAAP measures. See the attached “Reconciliation of Non-GAAP Financial Information.” “Total liquidity” is calculated as cash and cash equivalents, plus availability under the Company’s $67.5 million revolving credit facility.

 

Conference Call Live Webcast

JAKKS Pacific, Inc. invites analysts, investors and media to listen to the teleconference scheduled for 5:00 p.m. ET / 2:00 p.m. PT on November 1, 2023. A live webcast of the call will be available on the “Investor Relations” page of the Company’s website at www.jakks.com/investors. To access the call by phone, please go to this link (3Q23 Registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at (www.jakks.com/investors).

 

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 Fly Wheels®, Perfectly Cute®, ReDo® Skateboard Co., AirTitans®, Sky Ball®, JAKKS Wild Games™, Moose Mountain®, Maui®, SportsZone™, Kids Only!™, Xtreme Power Dozer®, Disguise®, WeeeDo®, Ami Amis™ and a wide range of entertainment-inspired products featuring premier licensed properties. Through JAKKS Cares, the company’s commitment to philanthropy, 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), X (@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.

 

 

CONTACT:

JAKKS Pacific Investor Relations

(424) 268-9567 Lucas Natalini investors@jakks.net

 

 

 

JAKKS Pacific, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

 

		September 30,								December 31,
		2023				2022				2022
		(In thousands)
Assets
Current assets:
Cash and cash equivalents		$	96,252			$	76,418			$	85,297
Restricted cash			195				178				193
Accounts receivable, net			206,751				204,856				102,771
Inventory			68,832				109,171				80,619
Prepaid expenses and other assets			6,721				11,124				6,331
Total current assets			378,751				401,747				275,211
Property and equipment			135,821				131,918				130,437
Less accumulated depreciation and amortization			121,193				116,558				115,575
Property and equipment, net			14,628				15,360				14,862
Operating lease right-of-use assets, net			25,743				22,154				19,913
Deferred income tax assets, net			57,856				-				57,804
Goodwill			35,083				35,083				35,083
Intangibles and other assets, net			2,220				2,770				2,469
Total assets		$	514,281			$	477,114			$	405,342
Liabilities, Preferred Stock and Stockholders' Equity
Current liabilities:
Accounts payable		$	94,409			$	77,126			$	33,687
Accounts payable - Meisheng (related party)			27,977				28,301				9,820
Accrued expenses			65,609				73,723				37,998
Reserve for sales returns and allowances			43,512				59,216				51,877
Income taxes payable			17,422				14,084				8,165
Short term operating lease liabilities			6,415				10,515				10,746
Short term debt, net			-				2,475				25,529
Total current liabilities			255,344				265,440				177,822
Long term operating lease liabilities			19,283				12,555				9,863
Accrued expenses - long term			3,750				-				-
Debt, non-current portion, net			-				65,195				41,622
Preferred stock derivative liability			28,586				23,347				21,918
Income taxes payable			2,994				66				2,929
Deferred income tax liabilities, net			-				53				-
Total liabilities			309,957				366,656				254,154
Preferred stock accrued dividends			5,608				4,128				4,490
Stockholders' equity:
Common stock, $.001 par value			10				10				10
Additional paid-in capital			277,546				274,040				275,187
Accumulated deficit			(62,744	)			(149,987	)			(112,018	)
Accumulated other comprehensive loss			(16,808	)			(18,594	)			(17,482	)
Total JAKKS Pacific, Inc. stockholders' equity			198,004				105,469				145,697
Non-controlling interests			712				861				1,001
Total stockholders' equity			198,716				106,330				146,698
Total liabilities, preferred stock and stockholders' equity		$	514,281			$	477,114			$	405,342

 

 

Supplemental Balance Sheet and Cash Flow Data (Unaudited)

 

		September 30,
Key Balance Sheet Data:		2023				2022
Accounts receivable days sales outstanding (DSO)			61				58
Inventory turnover (DSI)			31				44

 

		Nine Months Ended September 30,
Condensed Cash Flow Data:		2023				2022
		(In thousands)
Cash flows provided by operating activities		$	89,421			$	75,261
Cash flows used in investing activities			(7,427	)			(8,087	)
Cash flows used in financing activities and other			(71,037	)			(35,910	)
Increase (Decrease) in cash, cash equivalents and restricted cash		$	10,957			$	31,264
Capital expenditures		$	(7,464	)		$	(8,089	)

 

 

JAKKS Pacific, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations (Unaudited)

 

 

		Three Months Ended September 30,												Nine Months Ended September 30,
		2023				2022				Δ (%)				2023				2022				Δ (%)
		(In thousands, except per share data)												(In thousands, except per share data)
Net sales		$	309,744			$	322,998				(4	)%		$	584,161			$	664,301				(12	)%
Less: Cost of sales
Cost of goods			149,052				174,334				(15	)		$	293,512				368,242				(20	)
Royalty expense			51,141				52,868				(3	)			95,074				106,262				(11	)
Amortization of tools and molds			2,566				3,885				(34	)			5,955				7,079				(16	)
Cost of sales			202,759				231,087				(12	)			394,541				481,583				(18	)
Gross profit			106,985				91,911				16				189,620				182,718				4
Direct selling expenses			10,684				8,397				27				22,405				20,137				11
General and administrative expenses			33,821				29,400				15				92,492				84,067				10
Depreciation and amortization			81				373				(78	)			276				1,547				(82	)
Selling, general and administrative expenses			44,586				38,170				17				115,173				105,751				9
Intangibles impairment			-				-				-				-				300				nm
Income from operations			62,399				53,741				16				74,447				76,667				(3	)
Other income (expense):
Loss from joint ventures			-				-				-				(565	)			-				nm
Other income (expense), net			(52	)			251				nm				424				520				(18	)
Change in fair value of preferred stock derivative liability			(793	)			(7,449	)			(89	)			(6,668	)			(2,065	)			223
Loss on debt extinguishment			-				-				-				(1,023	)			-				nm
Interest income			384				55				nm				587				64				nm
Interest expense			(1,436	)			(4,350	)			(67	)			(5,741	)			(8,889	)			(35	)
Income before provision for income taxes			60,502				42,248				43				61,461				66,297				(7	)
Provision for income taxes			12,381				11,572				7				12,476				13,323				(6	)
Net income			48,121				30,676				57				48,985				52,974				(8	)
Net loss attributable to non-controlling interests			(11	)			(17	)			(35	)			(289	)			(470	)			(39	)
Net income attributable to JAKKS Pacific, Inc.		$	48,132			$	30,693				57	%		$	49,274			$	53,444				(8	)%
Net income attributable to common stockholders		$	47,754			$	30,336				57	%		$	48,156			$	52,390				(8	)%
Earnings per share - basic		$	4.77			$	3.13							$	4.85			$	5.44
Shares used in earnings per share - basic			10,021				9,695								9,922				9,624
Earnings per share - diluted		$	4.53			$	2.96							$	4.58			$	5.18
Shares used in earnings per share - diluted			10,542				10,260								10,503				10,111

 

 

 

		Three Months Ended September 30,												Nine Months Ended September 30,
		2023				2022				Δ bps				2023				2022				Δ bps
										Fav/(Unfav)												Fav/(Unfav)
Net sales			100.0	%			100.0	%			-				100.0	%			100.0	%			-
Less: Cost of sales
Cost of goods			48.2				54.0				580				50.2				55.4				520
Royalty expense			16.5				16.3				(20	)			16.3				16.0				(30	)
Amortization of tools and molds			0.8				1.2				40				1.0				1.1				10
Cost of sales			65.5				71.5				600				67.5				72.5				500
Gross profit			34.5				28.5				600				32.5				27.5				500
Direct selling expenses			3.5				2.6				(90	)			3.8				3.0				(80	)
General and administrative expenses			10.9				9.1				(180	)			15.9				12.7				(320	)
Depreciation and amortization			-				0.1				10				0.1				0.2				10
Selling, general and administrative expenses			14.4				11.8				(260	)			19.8				15.9				(390	)
Intangibles impairment			-				-				-				-				-				-
Income from operations		20.1					16.7				340				12.7				11.6				110
Other income (expense):
Loss from joint ventures			-				-								(0.1	)			-
Other income (expense), net			-				0.1								0.1				-
Change in fair value of preferred stock derivative liability			(0.3	)			(2.3	)							(1.1	)			(0.3	)
Loss on debt extinguishment			-				-								(0.2	)			-
Interest income			0.1				-								0.1				-
Interest expense			(0.4	)			(1.4	)							(1.0	)			(1.3	)
Income before provision for income taxes		19.5					13.1								10.5				10.0
Provision for income taxes			4.0				3.6								2.1				2.0
Net income			15.5				9.5								8.4				8.0
Net loss attributable to non-controlling interests			-				-								-				-
Net income attributable to JAKKS Pacific, Inc.			15.5	%			9.5	%							8.4	%			8.0	%
Net income attributable to common stockholders			15.4	%			9.4	%							8.2	%			7.9	%

 

 

JAKKS Pacific, Inc. and Subsidiaries

Reconciliation of Non-GAAP Financial Information (Unaudited)

 

Reconciliation of GAAP to Non-GAAP measures:

 

This press release and accompanying schedules provide certain information regarding Adjusted EBITDA and Adjusted Net Income (Loss), which may be considered non-GAAP financial measures under the rules of the Securities and Exchange Commission. The non-GAAP financial measures included in the press release are reconciled to the corresponding GAAP financial measures below, as required under the rules of the Securities and Exchange Commission regarding the use of non-GAAP financial measures. We define Adjusted EBITDA as income (loss) from operations before depreciation, amortization and adjusted for certain non-recurring and non-cash charges, such as reorganization expenses and restricted stock compensation expense. Net income (loss) is similarly adjusted and tax-effected to arrive at Adjusted Net Income (Loss). Adjusted EBITDA and Adjusted Net Income (Loss) are not recognized financial measures under GAAP, but we believe that they are useful in measuring our operating performance. We believe that the use of the non-GAAP financial measures enhances an overall understanding of the Company’s past financial performance, and provides useful information to the investor by comparing our performance across reporting periods on a consistent basis.

 

Investors should not consider these measures in isolation or as a substitute for net income, operating income, or any other measure for determining the Company’s operating performance that is calculated in accordance with GAAP. In addition, because these measures are not calculated in accordance with GAAP, they may not necessarily be comparable to similarly titled measures employed by other companies.

 

		Three Months Ended September 30,												Nine Months Ended September 30,
		2023				2022				Δ ($)				2023				2022				Δ ($)
		(In thousands)												(In thousands)
EBITDA and Adjusted EBITDA
Net income		$	48,121			$	30,676			$	17,445			$	48,985			$	52,974			$	(3,989	)
Interest expense			1,436				4,350				(2,914	)			5,741				8,889				(3,148	)
Interest income			(384	)			(55	)			(329	)			(587	)			(64	)			(523	)
Provision for income taxes			12,381				11,572				809				12,476				13,323				(847	)
Depreciation and amortization			4,398				4,258				140				7,982				8,626				(644	)
EBITDA			65,952				50,801				15,151				74,597				83,748				(9,151	)
Adjustments:
Loss from joint ventures (JAKKS Pacific, Inc. - 51%)			-				-				-				276				-				276
Loss from joint ventures (Meisheng - 49%)			-				-				-				289				-				289
Other (income) expense, net			52				(251	)			303				(424	)			(520	)			96
Restricted stock compensation expense			2,025				1,411				614				5,970				3,436				2,534
Change in fair value of preferred stock derivative liability			793				7,449				(6,656	)			6,668				2,065				4,603
Employee Retention Credit/gov't employment support			-				-				-				-				(249	)			249
Molds and tooling capitalization			(1,751	)			-				(1,751	)			(1,751	)			-				(1,751	)
Loss on debt extinguishment			-				-				-				1,023				-				1,023
Adjusted EBITDA		$	67,071			$	59,410			$	7,661			$	86,648			$	88,480			$	(1,832	)
Adjusted EBITDA/Net sales %			21.7	%			18.4	%		330 bps					14.8	%			13.3	%		150 bps

 

 

		Trailing Twelve Months Ended September 30,
		2023				2022				Δ ($)
		(In thousands)
TTM EBITDA and TTM Adjusted EBITDA
TTM Net income		$	87,094			$	49,821			$	37,273
Interest expense			8,035				11,090				(3,055	)
Interest income			(650	)			(67	)			(583	)
Provision for (benefit from) income taxes			(41,855	)			13,263				(55,118	)
Depreciation and amortization			9,934				10,012				(78	)
TTM EBITDA			62,558				84,119				(21,561	)
Adjustments:
Loss from joint ventures (JAKKS Pacific, Inc. - 51%)			276				-				276
Loss from joint ventures (Meisheng - 49%)			289				-				289
Other (income) expense, net			(701	)			(710	)			9
Restricted stock compensation expense			7,616				4,149				3,467
Change in fair value of convertible senior notes			-				(76	)			76
Change in fair value of preferred stock derivative liability			5,239				6,272				(1,033	)
Employee Retention Credit/gov't employment support			-				(249	)			249
Molds and tooling capitalization			(1,751	)			-				(1,751	)
Loss on debt extinguishment			1,023				-				1,023
TTM Adjusted EBITDA		$	74,549			$	93,505			$	(18,956	)	(20)	%
TTM Adjusted EBITDA/TTM Net sales %			10.4	%			11.0	%		-59 bps

 

		Three Months Ended September 30,												Nine Months Ended September 30,
		2023				2022				Δ ($)				2023				2022				Δ ($)
		(In thousands, except per share data)												(In thousands, except per share data)
Adjusted net income (loss) attributable to common stockholders
Net income attributable to common stockholders		$	47,754			$	30,336			$	17,418			$	48,156			$	52,390			$	(4,234	)
Restricted stock compensation expense			2,025				1,411				614				5,970				3,436				2,534
Change in fair value of preferred stock derivative liability			793				7,449				(6,656	)			6,668				2,065				4,603
Loss on debt extinguishment			-				-				-				1,023				-				1,023
Employee Retention Credit/gov't employment support			-				-				-				-				(249	)			249
Loss from joint ventures (JAKKS Pacific, Inc. - 51%)			-				-				-				276				-				276
2021 BSP Term Loan prepayment penalty			-				525				(525	)			150				525				(375	)
Molds and Tooling capitalization			(1,751	)			-				(1,751	)			(1,751	)			-				(1,751	)
Tax impact of additional charges			1,268				(697	)			1,965				(1,079	)			(697	)			(382	)
Adjusted net income attributable to common stockholders		$	50,089			$	39,024			$	11,065			$	59,413			$	57,470			$	1,943
Adjusted earnings per share - basic		$	5.00			$	4.03			$	0.97			$	5.99			$	5.97			$	0.02
Shares used in adjusted earnings per share - basic			10,021				9,695				326				9,922				9,624				298
Adjusted earnings per share - diluted		$	4.75			$	3.80			$	0.95			$	5.66			$	5.68			$	(0.02	)
Shares used in adjusted earnings per share - diluted			10,542				10,260				282				10,503				10,111				392

 

 

JAKKS Pacific, Inc. and Subsidiaries

Net Sales by Division and Geographic Region

 

(In thousands)	QTD Q3																(In thousands)	YTD Q3
Divisions	2023			2022			2021			% Change 2023 v 2022			% Change 2022 v 2021				Divisions	2023			2022			2021			% Change 2023 v 2022			% Change 2022 v 2021
Toys/Consumer Products	$	246,004		$	269,607		$	172,952			-8.8	%		55.9	%		Toys/Consumer Products	$	461,831		$	529,590		$	334,365			-12.8	%		58.4	%
Dolls, Role-Play/Dress Up		139,177			190,452			112,050			-26.9	%		70.0	%		Dolls, Role-Play/Dress Up		246,689			354,644			206,483			-30.4	%		71.8	%
Action Play & Collectibles		93,717			65,752			37,587			42.5	%		74.9	%		Action Play & Collectibles		184,134			134,620			73,614			36.8	%		82.9	%
Outdoor/Seasonal Toys		13,110			13,403			23,315			-2.2	%		-42.5	%		Outdoor/Seasonal Toys		31,008			40,326			54,268			-23.1	%		-25.7	%
Costumes	$	63,740		$	53,391		$	64,005			19.4	%		-16.6	%		Costumes		122,330			134,711			98,787			-9.2	%		36.4	%
Total	$	309,744		$	322,998		$	236,957			-4.1	%		36.3	%		Total	$	584,161		$	664,301		$	433,152			-12.1	%		53.4	%
(In thousands)	QTD Q3																(In thousands)	YTD Q3
Regions	2023			2022			2021			% Change 2023 v 2022			% Change 2022 v 2021				Regions	2023			2022			2021			% Change 2023 v 2022			% Change 2022 v 2021
United States	$	244,931		$	253,854		$	199,136			-3.5	%		27.5	%		United States	$	461,561		$	543,388		$	363,317			-15.1	%		49.6	%
Europe		31,676			38,075			20,836			-16.8	%		82.7	%		Europe		58,476			65,911			38,103			-11.3	%		73.0	%
Canada		11,453			12,804			8,094			-10.6	%		58.2	%		Canada		22,306			21,720			12,403			2.7	%		75.1	%
Latin America		15,319			9,504			4,503			61.2	%		111.1	%		Latin America		27,590			15,712			8,123			75.6	%		93.4	%
Asia		3,192			4,294			2,635			-25.7	%		63.0	%		Asia		6,403			8,733			6,214			-26.7	%		40.5	%
Australia & New Zealand		2,692			3,941			1,490			-31.7	%		164.5	%		Australia & New Zealand		6,056			7,014			3,927			-13.7	%		78.6	%
Middle East & Africa		481			526			263			-8.6	%		100.0	%		Middle East & Africa		1,769			1,823			1,065			-3.0	%		71.2	%
Total	$	309,744		$	322,998		$	236,957			-4.1	%		36.3	%		Total	$	584,161		$	664,301		$	433,152			-12.1	%		53.4	%
(In thousands)	QTD Q3																(In thousands)	YTD Q3
Regions	2023			2022			2021			% Change 2023 v 2022			% Change 2022 v 2021				Regions	2023			2022			2021			% Change 2023 v 2022			% Change 2022 v 2021
North America	$	256,384		$	266,658		$	207,230			-3.9	%		28.7	%		North America	$	483,867		$	565,108		$	375,720			-14.4	%		50.4	%
International		53,360			56,340			29,727			-5.3	%		89.5	%		International		100,294			99,193			57,432			1.1	%		72.7	%
Total	$	309,744		$	322,998		$	236,957			-4.1	%		36.3	%		Total	$	584,161		$	664,301		$	433,152			-12.1	%		53.4	%

 

 

 

 

 

 

 

v3.23.3

Document And Entity Information	Nov. 01, 2023
Document Information Line Items
Entity Registrant Name	JAKKS PACIFIC, INC.
Trading Symbol	JAKK
Document Type	8-K
Amendment Flag	false
Entity Central Index Key	0001009829
Document Period End Date	Nov. 01, 2023
Entity Emerging Growth Company	false
Entity Incorporation, State or Country Code	DE
Entity File Number	0-28104
Entity Tax Identification Number	95-4527222
Entity Address, Address Line One	2951 28th Street
Entity Address, City or Town	Santa Monica
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90405
City Area Code	(424)
Local Phone Number	268-9444
Title of 12(b) Security	Common Stock, $.001 par value
Security Exchange Name	NASDAQ
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false

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