- Jakks Pacific (NASDAQ:JAKK) reports operating margin widened 160 bps in Q2.
- The company had another strong period for Frozen-related products. World of Nintendo toys and Jakks Max Tow/XPV vehicles also sold well.
- Gross profit rate fell 50 bps to 29.96%.
- SG&A expense rate -71 bps to 23.39%.
- Inventory +16.6% Q/Q to $91.89M.
- The company didn't make any buybacks during the quarter.
- FY2015 guidance: The company sees revenue of $730M to $740M and adjusted EBITDA of $56M-$58M.
- Previously: JAKKS Pacific beats by $0.05, beats on revenue