JAKKS Pacific (JAKK) Misses Q1 EPS by 7c; Reaffirms FY16 Outlook
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JAKKS Pacific Reports First Quarter 2016 Financial Results
April 21, 2016 6:18 AM EDTCompany Reiterates 2016 Growth in Financial Guidance
SANTA MONICA, Calif.--(BUSINESS WIRE)-- JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the first quarter ended March 31, 2016.
First Quarter Highlights
Company achieved second highest first quarter net sales in 7 years Gross margin improved 150 basis points year-over-year Operating margin impacted by marketing expenses due to earlier Easter Inventory level decreased 33 percent year-over-year 2016 guidance reiterated: net sales to increase 7 percent to approximately $800.0 million... More