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Funko (FNKO) Tops Q4 EPS by 10c; Guides Above

February 28, 2019 4:11 PM

Funko (NASDAQ: FNKO) reported Q4 EPS of $0.44, $0.10 better than the analyst estimate of $0.34. Revenue for the quarter came in at $233.2 million versus the consensus estimate of $198.22 million.

“Once again, Funko had a terrific quarter and full year, significantly exceeding our own expectations,” said Brian Mariotti, Funko’s CEO. “Our balanced sales growth resulted from our growing base of entertainment properties, enhanced retail presence and expansion of our product categories and geographic markets.”

“In order to better serve our retail customers and our fans, we consciously made in-quarter decisions to better meet the strong demand we saw for our products. Some of these decisions reduced our gross margin, but allowed us to enlarge our market and satisfy better-than-expected demand for our products. For 2019, we expect our sales growth target to be 18% to 20%, as we see greater opportunities for growth, and we plan to continue to make investments to improve our operations and efficiencies over the longer term.”

GUIDANCE:

Funko sees FY2019 EPS of $1.05-$1.15, versus the consensus of $0.97. Funko sees FY2019 revenue of $810-825 million, versus the consensus of $739.5 million.

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

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