Funko (FNKO) Tops Q4 EPS by 10c; Guides Above
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Funko Reports Fourth Quarter and Fiscal 2018 Financial Results
February 28, 2019 4:06 PM ESTEVERETT, Wash., Feb. 28, 2019 (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 fourth quarter and fiscal year ended December 31, 2018.
Fourth Quarter 2018 Highlights
Net sales increased 38% to $233.2 millionGross profit1 increased 29% to $85.7 millionGross margin1 decreased 260 basis points to 36.7%Income from operations increased 57% to $30.5 millionNet income increased 128% to $17.1 million and earnings per diluted share were $0.23Adjusted pro forma net income2 improved 127% or $12.6 million to $22.5 million and adjusted pro forma... More