Categories Earnings, Leisure & Entertainment

Funko (NASDAQ: FNKO): Q3 2019 Earnings Snapshot

— Funko Inc. (NASDAQ: FNKO) reported its third-quarter 2019 adjusted earnings of $0.38 per share versus $0.32 per share expected.

— Net sales jumped by 26% to $223.3 million versus $220.44 million expected. This was driven primarily by an increase in the number of active properties and strong sales demand in the US and Europe.

Earnings Update by AlphaStreet

— The number of active properties increased by 13% to 627 from 553 in the third quarter of 2018 and net sales per active property increased by 11%.

— On a geographical basis, net sales in the United States increased by 21% to $147.3 million and net sales internationally increased by 37% to $76 million with strong growth in Europe.

— On a product category basis, net sales of figures increased 24% and net sales of other products increased 33% driven primarily by the continued growth of its Loungefly and other Softline products and the introduction of its games product line.

— Looking ahead into the full year 2019, the company reiterated net sales outlook to be in the range of $840 million to $850 million. This is compared to the Street’s view of $848.5 million.

— Adjusted earnings for the full year are still anticipated to be in the range of $1.15 to $1.22 per share, versus consensus estimates of $1.24 per share.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Add Comment
Viewing Highlight