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0.00504818724185404 0.00458926112895814 0.00504818724185404 0.0146856356126662 0.0169802661771454 0.00963744837081217 0.00734740706746213 0.00137677833868736
Stock impact report

Funko Shares Down 18% After Cautious Full-Year Outlook [MarketWatch]

Funko, Inc. - Class A (FNKO) 
Last funko, inc. - class a earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.funko.com/investor-relations
Company Research Source: MarketWatch
guidance but warned that the rest of the year could be challenged by macro headwinds including faltering consumer sentiment. Funko said it now expects net sales for the year between $1.3 billion and $1.35 billion, up from its outlook issued in May for $1.275 billion to $1.325 billion. It said it is also looking for adjusted income of $101.8 million to $107.3 million, up from its earlier estimate of $98.6 million to $103.8 million. Chief Executive Andrew Perlmutter said during an earnings call that the company is trying to be cautious given current pressures on consumer spending. Funko's sales were up 34% for the second quarter, driven by strong demand across the brand portfolio. D.A. Davidson analyst Linda Bolton Weiser said in a research report that the firm was lowering its earnings estimates for Funko due to a higher share count and interest expense. Its price target was cut to $48 from $50 a share. Funko shares are 16% higher for the year. Write to Kathryn Hardison at Show less Read more
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