Jakks Pacific has good first quarter as sales increase by 15.7%
Jakks Pacific beat analysts' expectations and enjoyed a profitable quarter thanks to strong sales of traditional role play and dress-up sets, the new Pokémon toy line and the continuing solid performance of its plug-and-play TV games and WWE action figures. In Q1 2007, net sales rose 15.7% to US$124.1 million, compared to US$107.2 million over the same period last year. Meanwhile, net income in the first quarter of 2006 rang in at US$2.3 million.
April 26, 2007
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