Jakks Pacific reports Q3 loss

Reading Time: 2 minutes Post Views: 2,367 Toymaker Jakks Pacific has reported net sales of US$262.4 million in Q3 2017, showing a climb down from US$302.8 million in the same period last year. According to chairman and CEO Stephen Berman, Jakks’ third quarter came in below expectations due in large part to company’s paused shipments to Toys “R” Us in anticipation of and as a direct result of the retailer’s bankruptcy filing. The company also reported losses in Q1, following a year of new category investments, and in Q2, driven by a decline in demand for film-related licensed…

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