Funko (FNKO) Tops Q1 EPS by 8c; Reiterates Outlook
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Funko Reports First Quarter 2019 Financial Results
May 2, 2019 4:06 PM EDTSales Increased 22% to $167 MillionNet Income Grew 216%Adjusted EBITDA Rose 46%
EVERETT, Wash., May 02, 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 first quarter ended March 31, 2019.
First Quarter 2019 Highlights
Net sales increased 22% to $166.8 millionGross profit1 increased 24% to $63.5 millionGross margin1 increased 70 basis points to 38.1%Income from operations increased 76% to $12.6 millionNet income increased 216% to $7.1... More