Funko Reports First Quarter 2024 Financial Results; Reiterates Full-Year Outlook for 2024
Funko, Inc. - Class A (FNKO)
Last funko, inc. - class a earnings: 3/5 04:15 pm
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Source: Business Wire
--Q1 Net Sales Within Guidance Range, Gross Margin and Adjusted EBITDA Above Expectations; New CEO Appointed-- EVERETT, Wash.--(BUSINESS WIRE)--Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today reported its consolidated financial results for the first quarter ended March 31, 2024.First Quarter Financial Results Summary: 2024 vs 2023Net sales were $215.7 million compared with $251.9 millionGross profit was $86.3 million, equal to gross margin of 40.0%. This compares with $49.6 million, equal to gross margin of 19.7%, which included $30.1 million of charges related to the write-down of excess inventory in Q1 of 2023SG&A expenses were $85.6 million compared with $100.1 million, which included non-recurring charges of $5.1 million and $2.7 million, respectively. Details related to the non-recurring charges can be found in footnotes 4 and 5 of the attached reconciliation tablesNet loss was $23.7 million, or $0.45 per share, compared with $61.1 million, or $1.17 pe
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News
- Ferrero debuts new Tic Tac® Chewy at Sweets & Snacks Expo [Yahoo! Finance]Yahoo! Finance
- Funko, Inc. (NASDAQ: FNKO) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $10.50 price target on the stock.MarketBeat
- Funko First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Funko, Inc. (NASDAQ:FNKO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Funko, Inc. (NASDAQ: FNKO) had its price target raised by analysts at B. Riley from $10.00 to $11.00. They now have a "buy" rating on the stock.MarketBeat
FNKO
Earnings
- 5/9/24 - Beat
FNKO
Sec Filings
- 5/14/24 - Form 4
- 5/9/24 - Form S-8
- 5/9/24 - Form DEFA14A
- FNKO's page on the SEC website