- JAKKS Pacific Inc JAKK reported second-quarter FY22 sales growth of 96.2% year-on-year, to $220.42 million, beating the consensus of $122.07 million.
- Toys/Consumer Products sales increased 82.6% to $148.9 million, and Costumes jumped 132.2% to $71.6 million.
- The gross margin for the quarter contracted 77 basis points to 27.6%.
- The operating margin expanded from 1.6% to 10.7%, and operating income for the quarter was $23.7 million versus $1.8 million last year.
- The company held $62.3 million in cash and equivalents as of June 30, 2022. Cash provided by operating activities for the six months totaled $36.5 million.
- Adjusted EBITDA for the quarter was $27.1 million versus $5.0 million last year.
- Adjusted EPS of $2.10 beat the analyst consensus of $(0.53).
- "During the quarter we continued to see solid consumer demand across most of our major toy businesses, especially with Disney's Encanto™ and Sega's Sonic the Hedgehog®. Our Costume business shipped over $71 million, the highest Q2 shipment level since Disguise joined JAKKS in 2008. Despite the continuation of supply-chain cost pressures, we nonetheless recorded our first profitable second quarter in 10 years," said CEO Stephen Berman.
- Price Action: JAKK shares are trading higher by 37.59% at $23.50 in premarket on the last check Thursday.
- Photo Via Company
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
