JAKKS Pacific (JAKK) Tops Q4 EPS by 83c, Revenues Beat
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JAKKS Pacific Reports Fourth Quarter 2020 Financial Results
February 18, 2021 4:01 PM ESTSubstantial Progress on Improving Profitability
SANTA MONICA, Calif.--(BUSINESS WIRE)-- JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the fourth quarter and full-year ended December 31, 2020.
Fourth Quarter 2020
Net sales were $128.3 million compared to $152.5 million last year Net sales were up 16% excluding declines in Frozen Gross margin of 32.8%, up 240 basis points vs. Q4 2019 driven by lower royalties and improved inventory management Highest Q4 gross margin percentage in ten years Net loss... More