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Declining sales, particularly in key international markets, and rising costs are dampening JAKKS Pacific's growth prospects.
SANTA MONICA, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK), a global leader in toys and consumer products, is thrilled to announce that two of its products have earned a spot on Walmart's Top Toys list for 2024. The featured items, the Sonic the Hedgehog 3 - Ultimate Talking Sonic and the Walmart Exclusive - Wild Manes Sugar Crush Carnival Set, will be available this fall, just in time for the holiday season.
Jakks (JAKK) reported earnings 30 days ago. What's next for the stock?
Examine Jakks' (JAKK) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
JAKKS Pacific's (JAKK) second-quarter 2024 results hurt by dismal Toys/Consumer Products sales.
JAKKS Pacific, Inc. (NASDAQ:JAKK ) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Stephen Berman - Chairman and Chief Executive Officer John Kimble - Chief Financial Officer Conference Call Participants Eric Beder - Small Cap Consumer Research Operator Good afternoon, everyone. Welcome to the JAKKS Pacific's Second Quarter 2024 Earnings Conference Call with management, who will review the financial results for the first quarter ended June 30, 2024.
JAKKS Pacific's Q2 report beat Wall Street expectations with great evergreen sales growth momentum, under a temporarily weak content-led sales performance. Cost inflation was a slight shadow in the report, potentially pushing the sustainable margin level back. The stock still trades at a cheap valuation, with a content-led sales recovery and sustained other revenues posing upside.
Jakks Pacific (JAKK) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $1.26 per share a year ago.
JAKKS Pacific's (JAKK) second-quarter performance is likely to have been negatively impacted by strong headwinds from seasonality, increased investments and shifting of market dynamics.
SANTA MONICA, Calif., July 12, 2024 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK) will announce its second quarter 2024 financial results on Wednesday, July 31, 2024 after the close of the stock market. The Company will hold a teleconference and webcast to discuss the results, and may also discuss future plans and prospects.