Funko (NASDAQ: FNKO) reported Q1 EPS of $0.16, $0.08 better than the analyst estimate of $0.08. Revenue for the quarter came in at $166.8 million versus the consensus estimate of $159.58 million.

“Funko started 2019 with a very strong quarter, once again exceeding our own expectations,” said Brian Mariotti, Funko’s CEO. “Demand for our products and pop culture in general is global and our growth was balanced with strong increases in all geographic markets.”

“We continue to make investments to support future growth, and even with those investments, we were able to increase both our operating margin and Adjusted EBITDA margin. We remain focused on optimizing our long term growth and improving our operations.”

“For the balance of the year, we look forward to continuing our expansion into new product categories, broadening our retailer network and increasing the portion of our sales coming from international markets. The strong performance in the first quarter increases our confidence that 2019 is going to be another great year for Funko.”

GUIDANCE:

The Company is reiterating its guidance for the full year 2019. The Company expects net sales to be in a range of $810 million to $825 million. Adjusted EBITDA2 is expected to be in a range of $133 million to $143 million. Adjusted pro forma earnings per share2 is expected to be in a range of $1.05 per share to $1.15 per share and is based on estimated adjusted pro forma average diluted shares outstanding of 53.5 million for the full year 2019.

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