JAKKS Revises 2016 Guidance to Reflect 7% Decline in Net Sales

SANTA MONICA, Calif.--(BUSINESS WIRE)-- JAKKS Pacific, Inc. (NASDAQ: JAKK) today revised its previously issued outlook for 2016. The Company now expects net sales of approximately $700 million, seven percent lower than its previous outlook, with earnings expected to be approximately $0.01-$0.05 per diluted share. Adjusted EBITDA is expected to be approximately $37.0 million for the year. The shortfall is primarily due to lower than expected sales of select key product lines. By comparison, net sales in 2015 were $745.7 million with earnings of $0.71 per diluted share and Adjusted EBITDA of $51.0 million. JAKKS is optimistic that its strategic initiatives, including new internally developed content, products based on new licenses, its new skin care and performance make-up brand, and the opening of offices in five new countries will contribute to the future growth of its business and profitability.

About JAKKS Pacific, Inc.

JAKKS Pacific, Inc. (NASDAQ: JAKK) is a leading designer, manufacturer and marketer of toys and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific’s popular proprietary brands include BIG-FIGS™, XPV®, Max Tow™ and Friends, Disguise®, Moose Mountain®, Funnoodle®, Maui®, Kids Only!®; a wide range of entertainment-inspired products featuring premier licensed properties; and C’est Moi™, a skincare and performance make-up brand. Through JAKKS Cares, the company’s commitment to philanthropy, JAKKS is helping to make a positive impact on the lives of children. Visit us at www.jakks.com and follow us on Instagram (@jakkstoys), Twitter (@jakkstoys) and Facebook (JAKKS Pacific).

©2016 JAKKS Pacific, Inc. All rights reserved.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161216005827/en/

JAKKS Pacific
Sara Rosales Montalvo, 424-268-9363
[email protected]
or
Joel Bennett, 310-455-6210
[email protected]
or
Liolios
Sean McGowan, 949-574-3860
[email protected]

Source: JAKKS Pacific, Inc.

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