JAKKS Pacific's fourth-quarter net sales increased by 15% compared to the same period last year, driven by strong sales of Disney Frozen 2 products. However, the company reported a net loss attributable to common stockholders of $20.6 million, or $0.70 per basic and diluted share.
Net sales increased by 15% compared to the same period last year, boosted by strong sales of Disney Frozen 2 products.
Gross margin was 30.4%, compared to 30.6% in Q4 of last year.
Net loss attributable to common stockholders was $20.6 million, or $0.70 per basic and diluted share.
Adjusted EBITDA was $3.3 million, compared to negative $1.6 million in the fourth quarter of 2018.
JAKKS Pacific expects good performance in 2020 driven by expansion within our evergreen categories and new product initiatives, coupled with new licenses as well as current licenses that we see growing in popularity, and additional owned IP launching throughout the year. We expect licenses such as Disney Princess, Frozen 2, Nintendo and others to benefit our 2020 results.
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