JAKKS Pacific Reports Fourth Quarter 2020 Financial Results

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Go back to JAKKS Pacific Reports Fourth Quarter 2020 Financial Results

JAKKS Pacific (JAKK) Tops Q4 EPS by 83c, Revenues Beat

February 18, 2021 4:05 PM EST

JAKKS Pacific (NASDAQ: JAKK) reported Q4 EPS of ($0.80), $0.83 better than the analyst estimate of ($1.63). Revenue for the quarter came in at $128.3 million versus the consensus estimate of $127.33 million.

Fourth Quarter 2020

Net sales were $128.3 million compared to $152.5 million last yearNet sales were up 16% excluding declines in FrozenGross margin of 32.8%, up 240 basis points vs. Q4 2019 driven by lower royalties and improved inventory managementHighest Q4 gross margin percentage in ten yearsNet loss attributable to common stockholders of $11.7 million, improved from $20.6 million in Q4 2019

Management... More