JAKKS Pacific (JAKK) Misses Q1 EPS by 12c, Revenues Miss
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JAKKS Pacific Reports First Quarter 2020 Financial Results
May 13, 2020 4:01 PM EDTSANTA MONICA, Calif.--(BUSINESS WIRE)-- JAKKS Pacific, Inc. [NASDAQ: JAKK] today reported financial results for the first quarter ended March 31, 2020.
First Quarter 2020 Overview vs. Same Period Last Year:
Net sales were $66.6 million, down 6% compared to $70.8 million reported in the comparable period in 2019, with strong sales of Disney Frozen 2 products offset by declines in other lines. Gross margin was 24.6%, compared to 20.2% in Q1 of last year, benefiting from improved product margins as a percent of sales, partially offset by higher royalty costs. Net loss attributable to common stockholders was $12.3... More