Funko (FNKO) Tops Q4 EPS by 2c; Offers FY20 EPS/Revenue Outlook
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Funko Reports Fourth Quarter and Fiscal 2019 Financial Results
March 5, 2020 4:15 PM EST
Full Year Net Sales Increased 16% to $795 Million
Provides 2020 Outlook
EVERETT, Wash.--(BUSINESS WIRE)-- Funko, Inc. ("Funko, or the Company) (Nasdaq: FNKO), a leading pop culture consumer products company, today reported its consolidated financial results for the fourth quarter and fiscal year ended December 31, 2019.
Full Year 2019 Financial Highlights
Net sales increased 16% to $795.1 million Gross profit1 increased 11% to $282.5 million, and gross profit excluding a one-time charge of $16.8 million related to the write-down of inventory2 increased 17% to $299.3 million Gross margin1 of 35.5% and gross margin... More