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0.2 0.269387755102041 0.275510204081633 0.269387755102041 0.277551020408163 0.204081632653061 0.187755102040816 0.253061224489796
Stock impact report

JAKKS Pacific Reports Third Quarter 2020 Financial Results

JAKKS Pacific, Inc. (JAKK) 
Last jakks pacific, inc. earnings: 2/19 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: jakks.com/investors
Company Research Source: Business Wire
Substantial Progress on Improving Profitability SANTA MONICA, Calif.--(BUSINESS WIRE)--JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the third quarter ended September 30, 2020.HighlightsThird quarter 2020 net sales were $242.3 million compared to $280.1 million last year Excluding 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 inventory JAKKS’ inventories down 16% year-over-year, both at top three retailers and on JAKKS’ balance sheetStrong liquidity of $112 million with unrestricted cash of $75 million and revolver availability of $37 millionThird quarter 2020 net income attributable to common stockholders of $32.1 millionYear-to-date Adjusted EBITDA of $24.3 million up 56% vs. $15.6 million in 2019 Subsequent to the quarter-en Show less Read more
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