JAKKS Pacific (JAKK) Tops Q3 EPS by 32c, Revenues Beat
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JAKKS Pacific Reports Third Quarter 2019 Financial Results
November 7, 2019 6:00 AM ESTSANTA MONICA, Calif.--(BUSINESS WIRE)-- JAKKS Pacific, Inc. [NASDAQ: JAKK] today reported financial results for the third quarter ended September 30, 2019.
Third Quarter 2019 Overview vs. Same Period Last Year
Net sales for the third quarter were $280.1 million, up 18% compared to $236.7 million reported in the comparable period in 2018. Sales in the 2019 third quarter were boosted by strong initial sales of Disney Frozen 2 products. Gross margin was 28.9%, up from 27.2% in Q3 of last year. Net income attributable to JAKKS Pacific was $16.4 million, or $0.51 per diluted share. This compares to $15.7 million, or $0.38... More