Overview
Toy and consumer products maker's Q1 net sales fell 6% yr/yr to $106.7 mln
Adjusted net loss widened to $1.9 mln from $0.4 mln a year ago
International sales grew, but U.S. customers remained cautious, management says
Outlook
Company did not provide specific financial guidance for the current quarter or full year in the press release
Result Drivers
INTERNATIONAL GROWTH - Co said international net sales rose to $29 mln in Q1, up from $21 mln a year ago, and reached a ten-year high on a trailing twelve-month basis
COSTUMES SEGMENT - Costumes net sales rose 13% yr/yr to $6.6 mln as the business expanded its product line and customer footprint globally
ACTION PLAY & COLLECTIBLES - Segment net sales rose to $55.3 mln from $42.9 mln a year ago
Company press release: ID:nGNXc0tNbV
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$106.7 mln
$103.80 mln (2 Analysts)
Q1 Adjusted Net Income
Beat
-$1.9 mln
-$5.10 mln (2 Analysts)
Q1 Gross Margin
33.4%
Q1 Gross Profit
$35.6 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the toys & children's products peer group is "buy"
Wall Street's median 12-month price target for JAKKS Pacific Inc is $28.50, about 32.6% above its April 29 closing price of $21.50
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)