Participant Dial in: 1(833) 423-0496 International Dial in: 1(918) 922-2390
Conference ID: 4789542
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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 2022, as well as any other forward-looking statements concerning 2022 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
Tremendous quarter, and a tremendous year
Q4 Net Sales were $188 million, 47% increase over prior year, highest Q4 level in 7 years
Q4 gross margins were negatively impacted by increased ocean and inbound freight expenses
Retail Toy/CP POS at top customers was up 10% in Q4 and up 10% for the year
Full Year Net Sales were $621 million, up 20% from 2020
Full Year Operating Income was $38.8 million, highest level in over 10 years
Full Year Adjusted EBITDA of $49.2 million, up over 75% compared to last year, highest level since 2015
Full Year Gross Margins remained strong at 29.5%, 50-basis point improvement over 2020
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CEO OVERVIEW (continued)
Strong Fourth Quarter Sales Across Core Business Categories
Total Fourth Quarter sales up 47%; Toy/CP sales were up 48%
Doll program in the U.S. at Target, branded Disney ILY 4EVER™
Strong growth in Disney® Princess/Style Collection
Gaming branded toys, Nintendo® and Sonic®, continue to perform well
Excitement around Disney Encanto™
Q4 Costume sales up 22% 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 17 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2022 22:08:01 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. 
