What drove JAKK's strong EPS growth in Q2 2024?

JAKK's strong EPS growth in Q2 2024 can be attributed to several key factors:

1. Strategic Acquisitions and International Expansion: JAKK's growth in EPS can be attributed to its strategic acquisitions and international expansion efforts. The company has been acquiring or licensing well-recognized intellectual property and trademarks, which has strengthened its brand portfolio and contributed to its growth. Additionally, the company's international footprint and collaborations with popular brands have established it as a key player in the toy industry.
2. Market Trends and Product Rejuvenation: The resurgence of conventional toys, video games, and mobile-based gaming has contributed to JAKK's growth. The anticipated releases of popular products such as Moana 2, Sonic 3, and The Simpsons are expected to boost the company's margins.
3. Financial Management and Debt Reduction: JAKK's focus on managing spending and reducing debt to zero has strengthened its balance sheet. This financial stability has allowed the company to invest in growth opportunities and support its business operations, which in turn has contributed to its earnings growth.

In conclusion, JAKK's strong EPS growth in Q2 2024 is driven by a combination of strategic acquisitions, international expansion, favorable market trends, and effective financial management. These factors have collectively contributed to the company's earnings growth and future profitability.