JAKKS Pacific Q3 profit, sales rise on strong toy demand
JAKK•JAKKS Pacific’s third-quarter net sales rose 20% year over year to $254.2 million, while adjusted net income was $32.3 million and adjusted EBITDA was $44.4 million. Toys and Consumer Products sales increased 23% to $192 million, and Costumes sales rose 13% to $62 million.
1. Sales and profit increase
JAKKS Pacific reported third-quarter net sales of $254.2 million, up 20% year over year. Adjusted net income was $32.3 million and adjusted EBITDA was $44.4 million; gross profit was $81.5 million and gross margin was 32.1%.
2. Growth across categories
Toys and Consumer Products net sales increased 23% to $192 million, driven by higher sales of Dolls, Role-Play, Dress-Up and Action Play & Collectibles. Costumes net sales rose 13% to $62 million. The company cited strong sales and successful navigation of tariffs.
3. No future guidance
The company did not provide specific guidance for future quarters or the full year in its press release.
