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Jun 30, 2021
JAKKS Q2 2021 Earnings Report
JAKKS Pacific's Q2 2021 performance was marked by increased sales and gross margin expansion.
Key Takeaways
JAKKS Pacific reported a strong second quarter with net sales up 43% compared to last year and a gross margin increase of 710 basis points. The company refinanced its long-term debt and saw excellent results across its Toys/Consumer Products and Costumes businesses.
Net sales increased by 43% compared to the previous year.
Gross margin improved by 710 basis points compared to Q2 2020.
Long-term debt was refinanced, leading to lower leverage and improved borrowing costs.
The Toys/Consumer Products segment and the Costumes segment experienced sales growth of 45% and 37%, respectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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