JAKKS Pacific (JAKK) Posts Q1 Loss of $1.57/Share

JAKKS Pacific (NASDAQ: JAKK) reported Q1 EPS of ($1.57), which may not compare to the analyst estimate of ($0.67). Revenue for the quarter came in at $94.5 million versus the consensus estimate of $88.23 million.

Gross margin in the first quarter was 24.7%, down from 31.8% last year as a result of reserves for anticipated contractual royalty shortfalls attributed to the recently announced liquidation of Toys R Us and higher royalties resulting from a shift in product mix.

2018 Outlook

While the Company anticipates some market disruption in the United States and internationally related to the Toys R Us bankruptcy and liquidation, the Company expects that its financial results will improve overall in 2018 when compared to 2017.

For earnings history and earnings-related data on JAKKS Pacific (JAKK) click here.

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