Jakks Revises 2016 Guidance To Reflect Seven Percent Decline in Net Sales

Jakks Pacific Inc. revised its previously issued outlook for 2016, as the company now expects net sales of approximately $700 million. This is seven percent lower than its previous outlook, with earnings expected to be approximately $0.01-$0.05 per diluted share.

Adjusted EBITDA is expected to be approximately $37.0 million for the year. The shortfall is primarily due to lower sales than expected in key product lines. By comparison, net sales in 2015 were $745.7 million with earnings of $0.71 per diluted share and adjusted EBITDA of $51.0 million.

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Kristen Nelson

Kristen Nelson is an assistant editor at Adventure Publishing Group. She does weekly toy reviews for The Toy Insider and contributes to the trade magazines The Toy Book and The Licensing Book. She is an expert in Penn State sports, as well as with numerous cooking techniques. Kristen has been crowned the Queen of Potatoes, but her friends call her Lady Spud. When not yelling at the TV during football or hockey games, she is often binge-watching virtually any cooking show. You can delve into her witty mind and follow her on Twitter @Krypton_87.