Funko (FNKO) Prelim. Q4 Revenue Misses, Offers FY20 Guidance
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Funko Announces Preliminary Fourth Quarter 2019 Financial Results; Provides Initial 2020 Net Sales Outlook of High-Single-Digit to Low-Double-Digit Growth
February 5, 2020 4:15 PM ESTÂ
EVERETT, Wash.--(BUSINESS WIRE)-- Funko, Inc. (Nasdaq: FNKO), a leading pop culture consumer products company, today reported preliminary financial results for the fourth quarter ended December 31, 2019. Net sales are expected to be approximately $214 million, a decrease of 8% compared to $233 million in the fourth quarter of 2018. Net sales were below expectations in mature markets, including the U.S., due to the challenging retail environment, which resulted in lower than expected purchases among Funkos top customers throughout the holiday season as well as softness in sales related to certain tentpole... More
