JAKKS Pacific (JAKK) Misses Q4 EPS by 14c, Revenues Beat
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JAKKS Pacific Reports Fourth Quarter and Full Year 2019 Financial Results
February 19, 2020 6:00 AM ESTSANTA MONICA, Calif.--(BUSINESS WIRE)-- JAKKS Pacific, Inc. [NASDAQ: JAKK] today reported financial results for the fourth quarter and full-year ended December 31, 2019.
Fourth Quarter 2019 Overview vs. Same Period Last Year:
Net sales were $152.5 million, up 15% compared to $132.3 million reported in the comparable period in 2018, boosted by strong sales of Disney Frozen 2 products. Gross margin was 30.4%, compared to 30.6% in Q4 of last year. Net loss attributable to common stockholders was $20.6 million, or $0.70 per basic and diluted share, including non-cash charges of $10.7 million for intangibles impairment and tooling disposal, and... More