Toy market news

Jakks Pacific scores a win with highest Q2 sales, operating income in company history

Jakks Pacific is continuing its positive momentum with another record quarter

The company reported second quarter earnings yesterday with net sales of $220.4 million, a whopping 96.2% increase versus the same period last year. Jakks’ core toy and consumer products sales spiked 82.6% while the Disguise costumes division scored a 132.2% increase over last year.

It’s a familiar tale in the age of inflation and supply chain issues as Jakks‘ gross margin took a hit versus Q1 2021 despite the across-the-board spikes in sales. Jakks’ operating income was $23.7 million in Q2 versus just $1.8 million in Q2 2021.

For the first six months of the year, Jakks’ toy and consumer products sales are up 61% versus last year while Disguise spiked 134% compared to the first half of 2021.

toybook.com

Press release