Good news for one of the most high-profile Star Wars licensees as Jakks Pacific slow down their losses after the calamitous collapse of Toys ‘R’ Us.
Toyworld Mag take a look at the situation.
Net sales for the fourth quarter were $132.3m, compared to $136.6m in the prior year. Excluding net sales to Toys R Us of $1.3m in 2018 and $19.6m in 2017, net sales increased by 12% on a year-on-year basis. Net loss for the fourth quarter was $3.2m compared to a net loss of $30.4m the previous year.
For the whole of fiscal year 2018, net sales were $567.8m compared to $613.1m in the prior year period. Excluding net sales to Toys R Us of $16.6m in 2018 and $69.4m in 2017, net sales increased in 2018 by 1% on a year-on-year basis. Net loss was almost halved, from $83.1m in 2017 to $42.4m in 2018.