JAKKS Reports Q2 Sales Increases in Toys & Costumes

jakks pacific inc. logo 2021

JAKKS Pacific, Inc. has reported financial results for the second quarter ended June 30, 2021. Net sales were $112.4 million, up 43% compared to $78.8 million last year, and up 18% compared to $95.2 million in 2019.

“I couldn’t be prouder of our organization’s execution in the past quarter,” said Stephen Berman, CEO of JAKKS Pacific. “It has been well publicized within our industry and others the challenges being faced with the supply-chain and logistics, stretching from Asia to the U.S. and Europe. Nonetheless, our teams worked together across offices to deliver product to our customers as well as build up our domestic inventory in preparation for the second half of the year. The focus of the organization as it continues to navigate the pandemic is extremely gratifying and a testament to our agility as a hands-on, customer-focused company.”

JAKKS Pacific’s sales in the category of Toys/Consumer Products were up 45% globally; sales of Disguise costumes increased 37% compared to last year.

Year-to-date Toys/Consumer Products sales were up 36% compared to 2020 and 28% compared to 2019. Year-to-date the Costumes segment was up 31% compared to 2020 and down 13% compared to 2019, which featured a more robust entertainment slate.

“From a sales perspective, we saw excellent results across our Toys/Consumer Products and our Costumes businesses, both in North America and Internationally. Strong consumer demand continues to fuel our toy business and we anticipate strong results from several programs we are initiating for this holiday season with our largest customers,” Berman continued. “In addition, we are on track for what we anticipate will be a great Halloween season with a wide range of new introductions including Jurassic World, Minions, Ghostbusters, and the PAW Patrol movie.”

View the full report here.