Funko (FNKO) Tops Q2 EPS by 24c, Beats on Revenue; Offers FY24 Guidance
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Funko Reports Second Quarter 2024 Financial Results; Reiterates 2024 Full-Year Outlook
August 8, 2024 4:05 PM EDT--Q2 Net Sales, Gross Margin and Adjusted EBITDA - All Above Expectations--
EVERETT, Wash.--(BUSINESS WIRE)-- Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today reported its consolidated financial results for the second quarter ended June 30, 2024.
Second Quarter Financial Results Summary: 2024 vs 2023
Net sales were $247.7 million compared with $240.0 million Gross profit was $104.0 million, equal to gross margin of 42.0%. This compares with $70.0 million, equal to gross margin of 29.2%, which included $2.4 million of non-recurring charges SG&A expenses were $77.9 million, which... More