UPDATE: JPMorgan Assumes Funko (FNKO) at Neutral
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Funko Reports Fourth Quarter 2020 Sales of $227 Million, Up 6%; Provides 2021 Outlook for 25% to 30% Sales Growth
March 11, 2021 4:05 PM ESTQ4 2020 U.S. Sales Increased 18% to $171 Million, Representing Largest Domestic Quarter Ever
EVERETT, Wash.--(BUSINESS WIRE)-- 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, 2020.
Fourth Quarter 2020 Financial Highlights
Net sales increased 6% to $226.5 million Gross margin1 increased to 37.2% SG&A expenses decreased 6% to $53.6 million Net income increased $21.2 million to $14.9 million Net income margin expanded 950 basis points to 6.6% Adjusted EBITDA2... More