JAKKS Slashes 2011 Outlook - Analyst Blog
01.01.70
Malibu, California-based JAKKS Pacific Inc ( JAKK ) recently slashed its sales and earnings prospect for fiscal 2011,
owing to the tough retail sales ecosystem amidst the crucial
holiday season. The suite's results were also unimpressive as it
had to bear the brunt of increased markdown allowances and share
expenses related to license guarantee shortfalls.
For 2011, the entourage lowered its net sales forecast to $660
million from the sometime range of $770 million to $775 million and
adjusted earnings government to 37 cents to 40 cents from the earlier
calculation of $1.32 and $1.35 per share.
Management is apprehensive about the excess of 2011 based on
a host of factors including fetch inflation, increased pricing
pressures, transportation costs and higher costs for many
manufacturers operating in Asia that will fitting affect production
and shipment. This was quiet poor; and as a result, the
company's share price mow down 10 cents to close at $17.45 on
Friday.
Source: NASDAQ