Participant Dial in: 1(833) 423-0496 International Dial in: 1(918) 922-2390
Conference ID: 2148429
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EXECUTIVE TEAM ON THE CALL
STEPHEN BERMAN
Chairman & Chief Executive Officer
JOHN KIMBLE
Executive Vice President & Chief Financial Officer
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SAFE HARBOR STATEMENT
The Company would like to point out that any comments made about JAKKS Pacific's future performance, events or circumstances, including the estimates of sales and/or Adjusted EBITDA in 2021, as well as any other forward-looking statements concerning 2021 and beyond are subject to Safe Harbor protection under Federal securities laws. These statements reflect the Company's best judgment based on current market trends and conditions today, and are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected in forward-looking statements. For details concerning these and other such risks and uncertainties, you should consult JAKKS' most recent 10-K and 10-Q filings with the SEC, as well as the Company's other reports, subsequently filed with the SEC from time to time. As a reminder, this conference is being recorded.
Note: Following presentation includes unaudited information
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CEO OVERVIEW
Pleased With Performance In the Third Quarter
Year-to-dateOperating Income is over $35 million, highest level since 2015
Year-to-dateAdjusted EBITDA of $44.2 million, up over 80% compared to first three quarters of last year
Third Quarter Adjusted EBITDA was $41.7 million, or $1.1 million less than prior year
Q3 gross margins were strong, supported by the amount of inventory we managed to bring-in earlier in the year
Retail Toy/CP POS at top customers is up 9% year-to-date with cleaner sell- through
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CEO OVERVIEW (continued)
Strong Sales Across Core Business Categories
Total Third Quarter sales down 2%; Toy/CP sales were down 8%
customer orders outpaced their ability to secure ocean passage for their FOB shipments
extended domestic importation timeline also a factor
logistical challenges rather than less demand for and product or brand
Strong growth in Disney Princess/Style Collection and video game-related toys
Disguise sales up 16% and retail sell-through rates higher than 2019
fewer logistic challenges due to shipments taking place earlier in the year
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JAKKS Pacific Inc. published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 20:56:04 UTC.
JAKKS Pacific, Inc. is a designer, manufacturer and marketer of toys and consumer products sold throughout the world. The Companyâs segments include Toys/Consumer Products and Costumes. The Toys/Consumer Products segment includes action figures, vehicles, play sets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, child-sized and hand-held role play toys and everyday costume play, foot-to-floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kidsâ indoor and outdoor furniture, and related products. The Costumes segment, under its Disguise branding, designs, develops, markets, and sells a range of every-day and special occasion dress-up costumes and related accessories in support of Halloween, Carnival, Childrenâs Day, Book Day/Week, and every-day/any-day costume play. Its brands include: AirTitans, Ami Amis, Disguise, Fly Wheels, JAKKS Wild Games, Moose Mountain, Perfectly Cute, ReDo Skateboard Co., Sky Ball, and others.
JAKKS PACIFIC, INC. 
