JAKKS Pacific Reports First Quarter 2020 Financial Results
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JAKKS Pacific (JAKK) Misses Q1 EPS by 12c, Revenues Miss
May 13, 2020 4:02 PM EDTJAKKS Pacific (NASDAQ: JAKK) reported Q1 EPS of ($0.72), $0.12 worse than the analyst estimate of ($0.60). Revenue for the quarter came in at $66.6 million versus the consensus estimate of $77.6 million.
First Quarter 2020 Overview vs. Same Period Last Year:
Net sales were $66.6 million, down 6% compared to $70.8 million reported in the comparable period in 2019, with strong sales of Disney Frozen 2 products offset by declines in other lines.Gross margin was 24.6%, compared to 20.2% in Q1 of last year, benefiting from improved product margins as a percent of sales, partially offset by higher royalty costs.Net... More