=JAKKS Pacific (JAKK) reported earnings on Wed 1 Nov 23 (a/h)

 

JAKKS Pacific announces a long-term agreement with Authentic Brands Group

Through the agreement, JAKKS Pacific will design, manufacture and distribute an extensive range of innovative products inspired by Authentic's portfolio of iconic brands. This includes Forever 21, Juicy Couture, Element, Roxy, Quiksilver, Prince and Sports Illustrated. The new products are planned to roll out in-store and online at key specialty and mass retailers across North America, Latin America, Asia-Pacific, Australia, New Zealand, Europe, the Middle East and Africa, commencing in 2024.

JAKKS Pacific (JAKK) reported earnings on Wed 28 Apr 21 (a/h)

** charts after earnings **

JAKKS Pacific, Inc. (JAKK) reported first-quarter 2021 results, wherein the top and the bottom line beat the Zacks Consensus Estimate. The company’s net sales topped the Zacks Consensus Estimate for the fourth straight quarter while earnings topped estimates for the third consecutive quarter. Following the results, the company’s shares moved up 9.6% during after-hour trading session on Apr 29.

Nonetheless, the company stated that it is making significant progress in operating performance on the back of cost-saving initiatives and improved inventory management. The company also disclosed that it has delivered the best first-quarter operating results since 2015, with significant improvement in sales, gross margin, adjusted net income and adjusted EBITDA. Notably, the company drove double-digit sales increases in all of its toy divisions: Boys, Girls and Seasonal. Also, the company anticipates more people to return to the normal pattern of shopping, gift-giving and celebrating Halloween.

Earnings this week : Apr 26 - 30, 2021 (wk 17)

Monday (Apr 26)

• Morning:  ACI BOH CHKP CBU DORM FBP LII OTIS PHG
• Afternoon: AGNC ARE AMP AMKR AXTA BRO CDNS CNI CATY WIRE HSTM HTLF IBTX JJSF JBT LXFR MASI MEDP MKSI NXPI OMF PKG PCH RRC SBAC SSD SSNC SUI TSLA TNET TBI UHS WRI

Tuesday (Apr 27)

• Morning: MMM ABB ADM AWI ABG BP CNC GLW CEQP CROX DTE ECL LLY ENTG FCF FSV FISV FELE GE GPK HEES HAS HUBB IVZ JBLU LECO MMC MSCI NVS PCAR PPBI PII PHM RTX ROP ST SHW SSTK SF SYF TRU TPB UBS UMBF UPS WDR WM
• Afternoon:  ACCO AMD GOOG AMGN ACGL APAM ATRC BXP BYD CHRW CALX COF CHE CB CSGP EGP EIX EHC ENPH EQR ESS FFIV FEYE FCPT HA HIW HOPE IEX ILMN JNPR LBRT MANH MATX MXIM MSFT MDLZ MRC NAVI NCR NOV OLN OKE PINS PPD PFG QTS RNST RRD SBUX SYK FTI TENB TER TX TXN TRMK UDR USNA V WSBC YUMC

Wednesday (Apr 28)

• Morning:  AER ALKS APH ARCC ADP AVY BXMT BA BSX EAT BCO CAMT GIB CHEF CIT CME CSTM DAN DISCA DRVN ETR EVR EXTR GRMN GD HELE HES HUM IART IPG LFUS LIVN MHO MAS MLCO MCO NYCB NSC OSK OC PAG BPOP PB ROK ROL RES R SAIA SNY SC SHOP SLGN SLAB SIRI SIX SPOT SWK SHOO TECK TDY TEVA TKR TNL UMC VRT WNC WING YUM
• Afternoon:  TWOU AFL AGI ALGN ALSN ATUS AMED NLY AM AR AAPL ASGN AZPN AVB AVTR AVT AXS NTB BHE BLKB BCOV CHX CAKE CINF CNO CDE FIX CYH CNMD CLR CREE CONE DRE EBAY ECHO ESI EQIX EEFT RE EXR FB F FORM GRUB HNI HOLX PI IR NGVT INOV ISBC INVH JAKK KALU KBR KRC LC LOGI MTDR MXL MGRC MTH MEOH MGM MAA MC MOH MSA MUSA MYRG ORLY OI OII OIS PGRE PEGA PDM PPC PTC PSA QCOM RJF RNR SIGI NOW SSB SRI TDOC TTEK TROX TTMI TYL UCTT URI VVV WRE WCN WELL WERN WH AUY

Thursday (Apr 29)

• Morning: FLWS AOS ABMD AGCO AGIO ATI ADS AB ALNY AIMC MO AMRN AMT AIT ARES ATKR BAX BCE BLMN BPMC BMY BC CWT CG CRS CARR CAT CBZ CBRE CLS CHD CTXS CLVT CMS CNX CCOI COHU CFX COLB CMCSA COR CTS CFR DPZ ERJ EME EXLS FBC FCN GNRC THRM GPI HSY HGV IDA IMAX IP ITGR ICE JHG KDP KIM KEX KHC LH TREE LKQ MTSI MMP MA MTRN MCD MDC MPW MRK MDP TAP COOP NEM NOC NVCR NVT OSIS OSTK PH PATK PTEN PBF BTU PRFT PCG PRG RLGY RCL RDS.A SPGI SNDR SWI SAH SO STM STRA SYNH TROW TMHC TFX TPX TXT TMO TW TRS TRTN VLY VC WAB WST WEX WLTW XEL
• Afternoon:  ACHC ATGE AEM MDRX AMZN ATR ACA AJG TEAM AX BZH BIO BMRN COG CPT CWST CRUS CXP COLM OFC CUZ CVA CRY CUBE DVA DXCM DLR DRQ EMN EHTH EBS ENVA ERIE ETH EVTC EXPO FHI FSLR FIVN FTNT FTV FTAI FBHS FWRD GLPI GNW GILD GFF THG HP HTGC KMPR KNSL KLAC LMAT LLNW LPLA MATW MERC MMSI MVIS MITK MHK NATI NPTN NIO NDLS OMCL ONTO PACB PEB POWI PFPT RMD SGEN SKYW SWKS SM SWN SPSC TEX TXRH TRUP TWTR X VRTX VICI VCRA WDC WSC INT ZEN

Friday (Apr 30)  

• Morning:  ABBV AON AZN AVNT BCPC B CBOE CHTR CVX CLX CL XOM GT GWW HRC HUN ITW IMO JELD JCI LAZ LYB MGP MOG.A NWL PSX PSXP PBI PNM POR PFS SHLX SLCA WPC WY WETF

Earnings spotlight: 

• Albertsons (NYSE:ACI), Tesla (TSLA) and NXP Semi (NASDAQ:NXPI) on April 26; BP (NYSE:BP), UPS (NYSE:UPS), General Electric (NYSE:GE), Alphabet (NASDAQ:GOOG), Microsoft (OTCPK:MFST) and Starbucks (NASDAQ:SBUX) on April 27; 

• Humana (NYSE:HUM), Boeing (BA), Apple (NASDAQ:AAPL), Ford (NYSE:F), Qualcomm (NASDAQ:QCOM) and General Dynamics (NYSE:GD) on April 28; 

• Comcast (NASDAQ:CMCSA), Merck (NYSE:MRK), Caterpillar (NYSE:CAT), Northrop Grumman (NYSE:NOC), Amazon (NASDAQ:AMZN), Nio (NYSE:NIO) and U.S. Steel (NYSE:X) on April 29; 

• Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX) and AbbVie (NYSE:ABBV) on April 30.

=JAKKS Pacific (JAKK) reported earnings on Thur 26 Oct 2017 (b/o)

JAKKS Pacific misses by $0.31, misses on revs; guides FY17 revs in-line

• Reports Q3 (Sep) earnings of $0.53 per share, $0.31 worse thanthe Capital IQ Consensus of $0.84; revenues fell 13.3% year/year to $262.4 mln vs the $294.59 mln Capital IQ Consensus.
• Co issues in-line guidance for FY17, sees FY17 revs of lower than FY16 or lower than $706.6 mln vs. $675.59 mln Capital IQ Consensus Estimate.
• Adjusted EBITDA for the third quarter of 2017 was $38.6 million, compared to Adjusted EBITDA of $42.8 million in 2016.
• JAKKS continues to make steady progress on long-term strategic initiatives, particularly in creating a strong portfolio of owned intellectual properties, entering new categories and broadening geographic reach. With production currently underway and initial distribution partners secured, early shipments of C'est Moi reformulated skincare and cosmetic products will begin in December, which the Company expects will have significantly higher margins than its toy business.
• Outlook "For 2017, as announced on September 20, 2017, the Company expects a GAAP net loss and loss per share for the full year (prior guidance called for higher net income) with positive Adjusted EBITDA on lower net sales compared to 2016.Future growth and profitability are expected through the Company's continuing effort to enter new categories, create a strong portfolio of new and existing licenses and develop owned IP and content in addition to ongoing margin enhancement and operating cost containment initiatives."

=JAKKS Pacific (JAKK) reported earnings on Thur 23 Feb 17 (b/o)

JAKKS Pacific beats by $0.21, beats on revs :

• Reports Q4 (Dec) loss of $0.47 per share, $0.21 better than the Capital IQ Consensus of ($0.68); revenues rose 2.2% year/year to $167 mln vs the $159.38 mln Capital IQ Consensus.
  • Gross margin was 31.2%, up from 30.3%
  • Adjusted EBITDA increased to $4.0 million from negative $2.1 million
  • Operating margin was negative 1.4%; an improvement from negative 4.2%

Outlook for FY17

• Co expects higher net income, earnings per share and Adjusted EBITDA on lower net sales compared to 2016.
• Co also expects improved profitability in 2017 with a continued focus on building our base of evergreen brands and categories as well as entering new categories, creating a strong portfolio of new and existing licenses and developing owned IP and content.

JAKKS Pacific (JAKK) reported earnings Mon 19 Dec 2016 (b/o)

** charts after earnings **

 

Shares of toys and consumer products manufacturing company, JAKKS Pacific, Inc. JAKK have been widely underperforming the Zacks categorized Toys/Games/Hobbies Products industry year to date. While the industry grew 6.8%, JAKKS Pacific’s stock declined 11.4% in the same time frame. This stock performance is reflective enough of slackening investor confidence in the company.

In the last four trailing quarters, the company has missed on earnings estimates three times and sales estimates twice. Consequently, the company has once again reduced its guidance for the full-year 2016.


Outlook Slashed & Other Concerns

The company’s sales view for 2016 has been trending downward over the quarters. In the beginning of the year, the company expected sales to increase 7% over the 2015 figure to $800 million. In October, the figure was slashed to an expectation of 1% increase year over year to $755 million. However, in its most recent press release, the company further lowered its expectation and now expects net sales of approximately $700 million, a more than 6% decrease year over year.

The company’s earnings per share (EPS) also has a similar story. Starting with an expectation of generating an EPS of 78 cents per share, the company lowered its expectation to 56 cents per share mid-year. The final figure revealed by the company suggests EPS is likely to be in the range of 1–5 cents for the full year, compared with 71 cents in 2015.

Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) for the full year is now expected to be $51 million, down from $53 million expected previously and foremost expectation of $65 million.

The company has cited lower-than-expected sales of select key product lines as the primary reason for this shortfall. The retail environment is challenging for toys due to declining consumer confidence, especially in European markets, where the economic/political conditions are expected to be more challenging post Brexit. Same is the case in the U.S. where consumer spending uncertainty is a lingering concern because of higher health care costs and reduced credit availability. Also, unfavorable currency translations have adverse effects on the top line.

Moreover, JAKKS Pacific along with other toy manufacturers like Hasbro, Inc. HAS and Mattel, Inc. MAT is facing stiff competition from a wide range of alternative entertainment modes like video games, tablets, and other electronic devices. Continuous competition from technology-based gaming companies like Nintendo Ltd. NTDOY is thereby posing a threat to JAKKS Pacific’s market share.

Bottom Line

Nevertheless, the company is optimistic that its strategic initiatives, including new product launches, its new skin care and performance make-up brand, and the opening of offices in five new countries will contribute to the future growth of its business and profitability.

JAKKS Pacific (JAKK) reported earnings Tur 20 Oct 2016 (b/o)

** charts after earnings **

SANTA MONICA, Calif. (AP) _ Jakks Pacific Inc. (JAKK) on Thursday reported third-quarter net income of $30.6 million.

The Santa Monica, California-based company said it had profit of 82 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The toymaker posted revenue of $302.8 million in the period.

Jakks shares have increased slightly more than 2 percent since the beginning of the year. The stock has fallen nearly 5 percent in the last 12 months.