JAKKS PACIFIC POSTS MASSIVE 44% SALES SPIKE FOR Q1 2022
2022-04-29 CTE
SEGA’s Blue Blur and Disney’s Madrigal family helped to power Jakks Pacific‘s best first quarter sales and earnings per share (EPS) in 14 years.
The company reported that net sales in Q1 hit $120.9 million, a 44% spike versus $83.8 million in the same period in 2021. Jakks’ highest Q1 sales since 2008 were powered by strong sales of products inspired by Disney’s Encanto and Paramount Pictures’ Sonic the Hedgehog 2. Additionally, Disguise — Jakks’ costumes and seasonal division — contributed to the gains by more than doubling its Q1 sales versus last year.
Source: The Toy Insider
