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Funko (FNKO)
NASDAQ:FNKO
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
$0.01Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 2.21%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While Funko showed strength in gross margin and adjusted EBITDA, along with successful product expansions and partnerships, it faced challenges with declining net sales, cautious wholesale behavior, and decreasing liquidity. The sentiment reflects a balanced view of performance and outlook.Company Guidance
During Funko's Q3 2024 earnings call, the company reported net sales of $293 million, which was at the high end of their guidance range, and a gross margin of 41%, exceeding expectations. Adjusted EBITDA was reported at $31 million, surpassing guidance. For the full year 2024, Funko adjusted their net sales guidance to a range of $1.037 billion to $1.05 billion, citing cautiousness among wholesale customers due to uncertain consumer spending. However, they raised their adjusted EBITDA guidance to between $85 million and $90 million, reflecting improved profitability. The call also highlighted strategic initiatives, including expanding product collaborations and enhancing direct-to-consumer capabilities, aiming to boost growth despite consumer sensitivity to pricing and promotional activities.Strong Gross Margin and Adjusted EBITDA
Gross margin was 41% and adjusted EBITDA was $31 million, both of which exceeded the top end of the guidance range.
Expansion of Pop! Yourself Sales
Sales of Pop! Yourself with NFL accessory packs exceeded launch expectations, with more than 40% of sales including NFL packs since launch and total daily sales increased by more than 150%.
Successful Partnerships and Licensing
Funko Fusion video game was the best-selling new video game in the U.S. within its launch week, and partnership with Ferrero resulted in over 1 billion Funko branded Kinder Joy eggs shipped.
Direct-to-Consumer Expansion
DTC shipping capability expanded to Canada, leading to nearly doubling average daily sales volume of Pop! Yourself.
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FNKO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FNKO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $12.22 | $11.18 | -8.51% |
| Aug 08, 2024 | $8.64 | $9.62 | +11.34% |
| May 09, 2024 | $6.82 | $7.21 | +5.72% |
| Mar 07, 2024 | $6.44 | $6.86 | +6.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Funko (FNKO) report earnings?
Funko (FNKO) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Funko (FNKO) earnings time?
Funko (FNKO) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FNKO EPS forecast?
FNKO EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.
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