Jakks Pacific saw a slight upturn in net Q2 sales, according to Jack Friedman, chairman and CEO of the Malibu, California-based toyco. Sales were up to US$129.5 million from US$124.0 million last Q2, while net income was down slightly to US$5.0 million from US$6.4 million.
For the first six months of the year, Jakks continues to track ahead of last year’s tally with net sales of US$253.6 million compared to US$231.3 million. Friedman says he is satisfied with the results, noting that the company is getting ready for a big fall rollout, and he expects to continue to reap sales from strong licensed lines including WWE, Pokémon and Disney’s Hannah Montana and The Cheetah Girls.
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