JAKKS SEES DROP IN EARNINGS.Byline: -- Julia M. Scott Second-quarter earnings dipped slightly for JAKKS Pacific JAKKS Pacific, Inc. NASDAQ: JAKK is is a multi-brand company that designs and markets a broad range of toys and consumer products and is based in Malibu, California. Its product categories include action figures, art activity kits, stationery, writing instruments, performance Inc., but the Malibu-based toymaker
Toymaker (real name Cosmo Krank) is a brand new, original villain in The Batman. He first appeared in Cash for Toys. He is voiced by Patton Oswalt. said new products coming out later this year will boost sales. On Wednesday, JAKKS reported net income of $6.4 million, or $0.22 per share, down from $11.6 million for the same period last year, or $0.38 per share. The report sent JAKKS' stock down $1.76, or 9 percent, to close at $16.95. JAKKS spent $5.4 million in the second quarter as part of the acquisition of Creative Designs International. Second-quarter net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight hit $124 million, compared to $127.1 million second quarter last year. Jack Friedman, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of JAKKS, said robust sales of recently acquired Creative Design lines helped offset international declines in sales of Fly Wheels and TV Games. ``We will be introducing several new products at retail during the second half of the year to complement our rich portfolio of items, and we anticipate they will be favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. received by retailers and customers this holiday season and beyond.'' |
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