JAKKS Pacific, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 04:05 pm EDT
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JAKKS Pacific, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 166.93 million compared to USD 220.42 million a year ago. Net income was USD 6.46 million compared to USD 26.56 million a year ago. Basic earnings per share from continuing operations was USD 0.62 compared to USD 2.73 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 2.61 a year ago.
For the six months, sales was USD 274.42 million compared to USD 341.3 million a year ago. Net income was USD 1.14 million compared to USD 22.75 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 2.3 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 2.21 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.