JAKKS Pacific (JAKK) Tops Q4 EPS by 80c
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JAKKS Pacific Reports Fourth Quarter 2021 Financial Results
February 17, 2022 4:05 PM ESTStrongest Full-Year Results in 5 Years Despite Soaring Freight Costs
SANTA MONICA, Calif.--(BUSINESS WIRE)-- JAKKS Pacific, Inc. [NASDAQ: JAKK] today reported financial results for the fourth quarter ended December 31, 2021.
Fourth Quarter 2021
Net sales were $188.0 million compared to $128.3 million last year; a 47% increase Gross margin of 26.6%, negatively impacted by a 950+ basis-point increase in ocean and inbound freight expenses Gross profit of $50.0 million; the highest Q4 level since 2016 U.S. toy retail... More