earnings
confidence high
sentiment positive
materiality 0.85
JAKKS Pacific reports record Q2 net sales of $220.4M, net income of $26.2M ($2.61 EPS)
JAKKS PACIFIC INC
2022-Q2 EPS reported
$2.21
revenue$341,303,000
- Net sales $220.4M (+96.2% YoY); Toys/Consumer Products $148.9M (+82.6%), Costumes $71.6M (+132.2%).
- Operating income $23.7M (10.7% of sales) vs $1.8M in Q2 2021; net income $26.2M ($2.61 diluted EPS) vs net loss of $15.4M a year ago.
- Adjusted net income $21.1M ($2.10 diluted EPS) vs adjusted loss $2.3M; Adjusted EBITDA $27.1M vs $5.0M in Q2 2021.
- Used $10M of proceeds for optional pay-down against long-term debt; total debt $84.9M, down from $129.3M a year ago.
- Cash $62.3M; inventory $123.7M (incl. $36.3M in-transit) vs $60.6M last year; first-half shipments >$300M company record.