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Stock impact report

JAKKS Pacific Reports Fourth Quarter 2020 Financial Results

JAKKS Pacific, Inc (JAKK)  More Company Research Source: Business Wire
Last jakks pacific, inc earnings: 2/19 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: jakks.com/investors
PDF Substantial Progress on Improving Profitability SANTA MONICA, Calif.--(BUSINESS WIRE)--JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the fourth quarter and full-year ended December 31, 2020.Fourth Quarter 2020Net sales were $128.3 million compared to $152.5 million last yearNet sales were up 16% excluding declines in FrozenGross margin of 32.8%, up 240 basis points vs. Q4 2019 driven by lower royalties and improved inventory managementHighest Q4 gross margin percentage in ten yearsNet loss attributable to common stockholders of $11.7 million, improved from $20.6 million in Q4 2019Full-Year 2020Gross margin percentage highest since 2016Operating margin percentage at highest level since 2015Net loss attributable to common stockholders of $15.5 million, improved from $56.0 million in 2019Adjusted EBITDA of $28.1 million up 49% vs. $18.9 million in 2019JAKKS’ inventories down 29% to $38.6 million compared to $54.3 million last yearToy retail POS at top three a [Read more]
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