JAKKS Pacific Q3 profit, sales rise on strong toy demand

Overview

• U.S. toy and costume maker's Q3 net sales rose 20% year-over-year

• Net income and adjusted EBITDA increased from prior year

• Company cites strong Toys/Consumer Products and Costumes sales, and successful tariff navigation

Outlook

• Company did not provide specific guidance for future quarters or the full year in its press release

Result Drivers

• TOYS/CONSUMER PRODUCTS GROWTH - Toys/Consumer Products net sales rose 23% to $192 mln, driven by higher Dolls, Role-Play, Dress-Up and Action Play & Collectibles sales

• COSTUMES SALES - Costumes net sales increased 13% year-over-year to $62 mln

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the toys & children's products peer group is "buy"

• Wall Street's median 12-month price target for JAKKS Pacific Inc is $27.00, about 7.8% below its October 21 closing price of $29.27

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads

• Oct 20 - Hasbro Q3 revenue beats on Magic: The Gathering game strength; lifts 2026 outlook

• Oct 20 - Hasbro raises annual revenue forecast on strong demand for digital games

• Oct 21 - Mattel adds top shareholder EdgePoint Investment's executive to board

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)