JAKKS Pacific (JAKK) Misses Q2 EPS by 32c, Revenues Miss

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JAKKS Pacific Reports Second Quarter 2020 Financial Results

July 29, 2020 4:01 PM EDT

SANTA MONICA, Calif.--(BUSINESS WIRE)-- JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported preliminary financial results for the second quarter ended June 30, 2020.

Second Quarter 2020 Overview vs. Same Period Last Year

Net sales were $78.8 million, down 17% compared to $95.2 million reported in the comparable period in 2019. Sales in the 2020 second quarter were negatively impacted by the closure of many of the stores operated by the Companys retail customers during the stay-at-home mandates, both in the U.S. and Europe. Net sales in the Companys Toys/Consumer... More