JAKKS Pacific Reports First Quarter 2021 Financial Results

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Go back to JAKKS Pacific Reports First Quarter 2021 Financial Results

JAKKS Pacific (JAKK) Tops Q1 EPS, Revenues

April 28, 2021 4:58 PM EDT

JAKKS Pacific (NASDAQ: JAKK) reported Q1 EPS of ($1.77), $2.13 better than the analyst estimate of ($3.90). Revenue for the quarter came in at $83.8 million versus the consensus estimate of $64.4 million.

JAKKS Chairman and CEO Stephen Berman stated, We had an excellent beginning to 2021, with strong sales growth in many product lines, a healthy increase in gross margins, and tight cost controls. We delivered the best first quarter operating results since 2015, with significant improvement in sales, gross margin, adjusted net income and adjusted EBITDA.... More