Strategic and operational initiatives in place for Funko to see 'meaningful' growth - analyst [Seeking Alpha]
Funko, Inc. - Class A (FNKO)
Last funko, inc. - class a earnings: 3/5 04:15 pm
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US:NASDAQ Investor Relations:
investor.funko.com/investor-relations
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Source: Seeking Alpha
B. Riley analyst Eric Wold concedes that Funko's ( FNKO ) results the last two years were underwhelming, and the share price performance has been disappointing for most of Q4. But Wold sees the operational and strategic initiatives that were implemented by management as the “building blocks” to drive profitability higher in 2024 and beyond. This specifically applies to the Pop! Yourself product, a potential “game changer” that will broaden the Funko ( FNKO ) customer base and drive the DTC mix and AEBITDA margins materially higher. Additionally, by cutting back on the number of SKUs created for each active property or current content release, management has been able to limit the number of unsold products or the risk to inventory levels. And with ~67% of sales coming from “classic evergreen” properties, Wold believes this will help create a more “shelf-stable and recurring revenue stream.” But for B. Riley, the strongest operating trend that should have meaningful, long-term posi
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FNKO
News
- Funko To Host 2024 First Quarter Financial Results Conference Call on Thursday, May 9, 2024Business Wire
- Kinder Joy Launches Harry Potter Collection Featuring 16 New Funko Toys [Yahoo! Finance]Yahoo! Finance
- Funko, Inc. (NASDAQ: FNKO) is now covered by analysts at B. Riley. They set a "buy" rating and a $10.00 price target on the stock.MarketBeat
- Leisure Products Stocks Q4 Earnings: Smith & Wesson (NASDAQ:SWBI) Best of the Bunch [Yahoo! Finance]Yahoo! Finance
- Is Funko, Inc. (NASDAQ:FNKO) Trading At A 50% Discount? [Yahoo! Finance]Yahoo! Finance
FNKO
Earnings
- 3/7/24 - Beat
FNKO
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- 4/23/24 - Form 4
- FNKO's page on the SEC website