JAKKS Pacific Full Year 2023 Earnings: EPS Misses Expectations
JAKKS Pacific (NASDAQ:JAKK) Full Year 2023 Results
Key Financial Results
Revenue: US$711.6m (down 11% from FY 2022).
Net income: US$36.9m (down 59% from FY 2022).
Profit margin: 5.2% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: US$3.70 (down from US$9.33 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
JAKKS Pacific EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.
The primary driver behind last 12 months revenue was the Toys/Consumer Products segment contributing a total revenue of US$580.7m (82% of total revenue). Notably, cost of sales worth US$480.0m amounted to 67% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$126.9m (65% of total expenses). Explore how JAKK's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Leisure industry in the US.
Performance of the American Leisure industry.
The company's shares are up 8.7% from a week ago.
Risk Analysis
You still need to take note of risks, for example - JAKKS Pacific has 3 warning signs we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
