Funko (FNKO) Tops Q4 EPS by 11c

Funko (NASDAQ: FNKO) reported Q4 EPS of $0.25, $0.11 better than the analyst estimate of $0.14. Revenue for the quarter came in at $226.5 million versus the consensus estimate of $195.67 million.

“We are pleased to finish the year with strong fourth quarter results, including 6% sales growth, which reflects better than expected performance across our brands, products, channels and geographies,” said Brian Mariotti, CEO. “Against a challenging environment in 2020, our teams were resilient, quickly adapted to the dynamic environment and remained focused on executing our strategic growth priorities. During the year, we successfully strengthened our direct-to-consumer platform, launched new games and toys that extended our reach, expanded our presence among key retail partners in mass and digital, and drove robust fan engagement through global virtual events.”

“We believe the Company is strongly positioned to deliver solid top line growth and improved profitability in 2021. We are remaining focused on our strategies to maximize Funko\'s core pop culture platform, drive further category diversification, expand internationally and accelerate our direct-to-consumer business. For the full year, we expect to achieve revenue growth of 25% to 30% versus 2020, which also reflects growth from pre-pandemic levels in 2019.”

GUIDANCE:

2021 Net sales growth of 25% to 30%;

For earnings history and earnings-related data on Funko (FNKO) click here.

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