JAKKS Pacific Reports Third Quarter 2020 Financial Results
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JAKKS Pacific (JAKK) Tops Q3 EPS by $1.67, Revenues Beat
November 2, 2020 4:02 PM ESTJAKKS Pacific (NASDAQ: JAKK) reported Q3 EPS of $4.76, $1.67 better than the analyst estimate of $3.09. Revenue for the quarter came in at $242.3 million versus the consensus estimate of $230.1 million.
Highlights
Third quarter 2020 net sales were $242.3 million compared to $280.1 million last yearExcluding declines in Frozen and Disguise Halloween costumes, Q3 net sales were up 13% year-over-yearRetail POS at top three accounts up 28% year-to-dateGross margin of 30.8%, up from 28.9%, an improvement of 190 basis points year-over-year driven by disciplined cost control and improved inventoryJAKKS inventories down 16% year-over-year, both at top three retailers and on... More