JAKKS Pacific (JAKK) Tops Q2 EPS by 4c; Reiterates Outlook

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Go back to JAKKS Pacific (JAKK) Tops Q2 EPS by 4c; Reiterates Outlook

JAKKS Pacific Reports Second Quarter 2016 Financial Results

July 20, 2016 6:00 AM EDT

Company Reiterates Growth in 2016 Financial Guidance

SANTA MONICA, Calif.--(BUSINESS WIRE)-- JAKKS Pacific, Inc. [NASDAQ: JAKK] today reported financial results for the second quarter ended June 30, 2016.

Second Quarter Highlights

Sales increased 8 percent Gross margin increased 180 basis points Operating margin improved 150 basis points Net loss attributable to JAKKS Pacific decreased 23 percent Adjusted EBITDA increased 166 percent Inventory levels declined 22 percent year over year

Net sales for second... More