Funko (FNKO) Tops Q3 EPS by 4c; Raises Outlook
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Funko Reports Third Quarter 2018 Financial Results And Raises Full Year 2018 Outlook
November 8, 2018 4:06 PM ESTThird Quarter Sales Increased 24% to $177 Million
EVERETT, Wash., Nov. 08, 2018 (GLOBE NEWSWIRE) -- Funko, Inc. ("Funko, or the Company) (Nasdaq: FNKO), a leading pop culture consumer products company, today reported its consolidated financial results for the third quarter ended September 30, 2018.
Third Quarter 2018 Highlights Versus Third Quarter 2017
Net sales increased 24% to $176.9 millionGross profit1 increased 16% to $68.0 millionGross margin1 decreased 250 basis points to 38.4%Income from operations decreased 3% to $16.8 million, due to $3.7 million in certain non-recurring itemsNet income decreased 2%... More