JAKKS Pacific (JAKK) Tops Q2 EPS
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JAKKS Pacific Reports Second Quarter 2021 Financial Results
July 28, 2021 4:01 PM EDTHighest First-Half Sales since 2018; Sixth Straight Quarter of Year-over-Year Gross Margin Expansion
SANTA MONICA, Calif.--(BUSINESS WIRE)-- JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the second quarter ended June 30, 2021.
Second Quarter 2021 Overview:
Net sales were $112.4 million, up 43% compared to $78.8 million last year, and up 18% compared to $95.2 million in 2019 Gross margin of 28.4%, up 710 basis points vs. Q2 2020 Highest Q2 gross margin percentage since 2016 Refinanced long-term debt to 2027 maturity, lower leverage and a 300-basis point improvement in borrowing... More