Funko (FNKO) Misses Q2 EPS by 4c; Lowers Outlook
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Funko Reports 2023 Second Quarter Financial Results, Revises Full-Year Outlook
August 3, 2023 4:05 PM EDT-- Company Provides Update on Operational Improvement Initiatives, Implements Substantial Additional Cost Savings Measures --
EVERETT, Wash.--(BUSINESS WIRE)-- Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today reported consolidated financial results for its second quarter ended June 30, 2023.
Second Quarter Financial Results Summary: 2023 vs 2022
Net sales were $240.0 million for the 2023 second quarter versus $315.7 million for the 2022 second quarter Gross margin was 29.2% for the 2023 second quarter versus 32.7% for the 2022 second quarter SG&A expenses were $85.6 million for the 2023... More