Funko (FNKO) Tops Q1 EPS by 6c; Raises Outlook
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Funko Reports First Quarter 2021 Sales of $189 Million, Up 38%; Raises Full Year Outlook
May 6, 2021 4:05 PM EDTRecord First Quarter Sales Driven by Strong Consumer Demand in the U.S. and Europe
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 first quarter ended March 31, 2021.
First Quarter 2021 Financial Highlights
Net sales increased 38% to $189.2 million Gross margin1 expanded 100 basis points to 41.4% SG&A expenses increased 8% to $51.3 million; as a percent of net sales, SG&A declined 750 basis points to 27.1% Net income increased $16.8 million... More