Jakks Pacific Q1 Net Sales Fall 6% to $106.7M, Dividend Set at $0.25
Jakks Pacific’s Q1 net sales dropped 6% year-over-year to $106.7 million, with gross profit down 9% to $35.6 million and an operating loss widening to $5.6 million. The board approved a $0.25 quarterly dividend payable June 29, supported by $64.0 million in cash on hand.
1. Q1 Financial Results
Jakks Pacific reported Q1 net sales of $106.7 million, down 6% year-over-year, gross profit of $35.6 million down 9%, an operating loss of $5.6 million versus $3.8 million last year, and a net loss of $4.3 million or $0.37 per share.
2. Segment Performance
Toys and consumer products sales declined 7% to $100.1 million, while costumes net sales rose 13% to $6.6 million. Action play and collectibles sales increased to $55.3 million globally, and dolls and role-play dress-up sales were $37.5 million.
3. International Growth and Cash Position
International net sales reached $29.0 million, up from $21.0 million a year ago, lifting trailing twelve-month international sales to $138 million—the highest in ten years. Cash and equivalents rose to $64.0 million, with inventory at $52.9 million.
4. Dividend Declaration
The board declared a $0.25 per share quarterly dividend, payable June 29, 2026, to shareholders of record as of May 29, 2026.