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Steady as she goes for Jakks Pacific

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.
July 25, 2007

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.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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