Earnings Conference Call Presentation March 9, 2023, 5:00 PM Eastern Time
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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 2023, as well as any other forward-looking statements concerning 2023 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: The following presentation includes unaudited information
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CEO OVERVIEW
Tremendous quarter, and a tremendous year
Q4 Net Sales were $132 million, 30% decrease versus prior year
Q4 gross margins were negatively impacted by lower capitalization of warehouse costs, higher tooling amortization, obsolete inventory and royalty expense
Full Year Gross Margins at 26.5% negatively impacted by higher freight and inbound expenses, lower capitalization of warehouse costs, obsolete inventory and royalty expense
Retail Toy/CP POS at top customers was up 20% in Q4 and up 23% for the year
Full Year Net Sales were $796 million, up 28% from 2021
Full Year Operating Income was $61.0 million, up 57%
Full Year Adjusted EBITDA of $76.4 million, up 55% compared to last year
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CEO OVERVIEW (continued)
Strong Calendar Year Sales Across Core Business Categories
Full-yearsales up 28%; Toy/Consumer Product sales up 26%
Disney Encanto™ led growth
Excitement around Sonic® movie continued all year
Continued strong growth in Disney® Princess & Style Collection
Nintendo® continues to perform well ahead of 2023 film
Full-yearCostume sales up 38%
Increased International distribution led increase
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JAKKS Pacific Inc. published this content on 09 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2023 22:08:57 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. 
