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LeapFrog Enterprises Inc. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: May 7, 2012 05:29PM

LeapFrog Enterprises Inc. (LF) filed Quarterly Report for the period ended 2012-03-31. Leapfrog Entrps has a market cap of $516.5 million; its shares were traded at around $10.08 with a P/E ratio of 32.2 and P/S ratio of 1.1.



Highlight of Business Operations:

Net sales for the three months ended March 31, 2012 increased 81% as compared to the same period in 2011. The increase was largely driven by continued strong demand for LeapPad and execution against our content strategy. In addition, net sales benefitted from the impact of an earlier Easter holiday and healthier retail channel inventory at the start of the year compared to the same period in 2011. Net sales for the three months ended March 31, 2012 included a 1% negative impact from changes in foreign currency exchange rates.

Consolidated gross margin for the three months ended March 31, 2012 was 41.3%, an increase of 11.7 percentage points over the same period of 2011, primarily driven by higher sales volume which reduced the impact of fixed costs, as well as lower product costs and changes in product mix with proportionally higher sales of higher margin content.

Net sales for the three months ended March 31, 2012 increased 98% as compared to the same period in 2011 largely driven by the continued strong customer demand for LeapPad and execution against our content strategy. In addition, net sales for the U.S. segment benefitted from the impact of an earlier Easter holiday and healthier retail channel inventory at the start of the year compared to last year.

Net sales for the three months ended March 31, 2012 increased 49% as compared to the same period in 2011 largely driven by the continued strong customer demand for LeapPad. Net sales for the three months ended March 31, 2012 included a 2% negative impact from changes in currency exchange rates.

Income from operations for the three months ended March 31, 2012 improved by 647% as compared to the same period in 2011, primarily due to significantly increased net sales and improved gross margin percentage offset by higher operating expenses.

Read the The complete Report



Stocks Discussed: LF,
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