JAKKS Pacific, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:10 pm EDT
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JAKKS Pacific, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 309.74 million compared to USD 323 million a year ago. Net income was USD 48.13 million compared to USD 30.69 million a year ago. Basic earnings per share from continuing operations was USD 4.77 compared to USD 3.13 a year ago. Diluted earnings per share from continuing operations was USD 4.53 compared to USD 2.96 a year ago.
For the nine months, sales was USD 584.16 million compared to USD 664.3 million a year ago. Net income was USD 49.27 million compared to USD 53.44 million a year ago. Basic earnings per share from continuing operations was USD 4.85 compared to USD 5.44 a year ago. Diluted earnings per share from continuing operations was USD 4.58 compared to USD 5.18 a year ago.
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.