Jakks Pacific, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 04:07 pm EDT
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JAKKS Pacific, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 112.352 million compared to USD 78.758 million a year ago. Operating income was USD 1.821 million compared to operating loss of USD 9.746 million a year ago. Net loss was USD 15.084 million compared to USD 23.276 million a year ago. Basic loss per share from continuing operations was USD 2.48 compared to USD 7.7 a year ago. For the half year, sales was USD 196.195 million compared to USD 145.315 million a year ago. Operating loss was USD 902,000 compared to USD 25.732 million a year ago. Net loss was USD 39.170 million compared to USD 35.314 million a year ago. Basic loss per share from continuing operations was USD 6.86 compared to USD 11.81 a year ago.
JAKKS Pacific, Inc. is a designer, manufacturer and marketer of toys and consumer products sold throughout the world. The Companyâs segments include Toys/Consumer Products and Costumes. The Toys/Consumer Products segment includes action figures, vehicles, play sets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, child-sized and hand-held role play toys and everyday costume play, foot-to-floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kidsâ indoor and outdoor furniture, and related products. The Costumes segment, under its Disguise branding, designs, develops, markets, and sells a range of every-day and special occasion dress-up costumes and related accessories in support of Halloween, Carnival, Childrenâs Day, Book Day/Week, and every-day/any-day costume play. Its brands include: AirTitans, Ami Amis, Disguise, Fly Wheels, JAKKS Wild Games, Moose Mountain, Perfectly Cute, ReDo Skateboard Co., Sky Ball, and others.