JAKKS Pacific (JAKK) Tops Q2 EPS by 4c; Reiterates Outlook
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JAKKS Pacific Reports Second Quarter 2016 Financial Results
July 20, 2016 6:00 AM EDTCompany 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 yearNet sales for second... More
