earnings
confidence high
sentiment positive
materiality 0.75
JAKKS Pacific Q2 net sales up 43% to $112.4M; gross margin +710 bps YoY
JAKKS PACIFIC INC
2022-Q2 EPS reported
-$6.86
revenue$196,195,000
- Net sales $112.4M (+43% YoY, +18% vs 2019); Toys/Consumer Products up 45%, Costumes up 37%.
- Gross margin 28.4% (up 710 bps YoY); highest Q2 gross margin since 2016.
- Net loss $15.4M ($2.48/share); adjusted net loss $2.3M ($0.38/share). Adjusted EBITDA $5.0M vs negative $4.6M last year.
- Refinanced long-term debt to 2027 at 7.5% (from 10.5%); convertible debt accelerated to Sept 2021, $2.9M outstanding.