JAKKS Pacific reported a decrease in net sales by 11% to $107.5 million compared to Q1 2022. However, gross profit increased by 5% to $31.4 million, and gross margin improved to 29.2%. The company experienced a net loss attributable to common stockholders of $5.7 million.
Net sales decreased by 11% to $107.5 million compared to Q1 2022.
Gross profit increased by 5% to $31.4 million compared to Q1 2022.
Gross margin improved by 450 basis points to 29.2% compared to Q1 2022.
Net loss attributable to common stockholders was $5.7 million, compared to a net loss of $4.2 million in Q1 2022.
The company is focused on setting up for a strong holiday season.
Visualization of income flow from segment revenue to net income
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