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EVERETT, Wash.--(BUSINESS WIRE)--Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that it will host a conference call on Thursday, November 2, 2023, at 4:30 p.m. ET to discuss its financial results for the third quarter ended September 30, 2023. The conference call will be webcast and can be accessed on the investor relations section of the Funko website at https://investor.funko.com. After the call, a replay of the webcast will be available on the same website.
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Toy maker Funko Inc. on Thursday said it expected subdued demand for the rest of the year, the latest hurdle for a company that has dealt with layoffs, a leadership shakeup and a big drop in its stock price.
Funko's (FNKO) second-quarter 2023 earnings results are likely to reflect the impacts of a challenging operating backdrop and higher costs.
Funko Inc. FNKO, +0.67% on Friday said that it planned to cut between roughly 180 to 200 employees, or around 12% to 13% of its staff, the latest effort to scale back as the toy maker deals with weaker industry-wide toy demand and tries to manage its costs. Funko — known for its Funko Pop dolls modeled after popular movie and comic-book characters — said in a filing that the decision took hold on Thursday.
EVERETT, Wash.--(BUSINESS WIRE)--Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that it will host a conference call on Thursday, August 3, 2023, at 4:30 p.m. ET to discuss its financial results for the second quarter ended June 30, 2023. The conference call will be webcast and can be accessed on the investor relations section of the Funko website at https://investor.funko.com. After the call, a replay of the webcast will be available on the same website. Abou.
Funko Inc. FNKO, -0.69% said late Thursday that Chief Executive Brian Mariotti will take a leave of absence, effective immediately. Mariotti was brought back to be the figurine maker's CEO in December amid concerns about falling sales.
Funko lost less money and sold more stuff than expected in Q1. For 2023, Funko forecast EBITDA profits as much as twice what it earned in 2022.
Funko-A (FNKO) came out with a quarterly loss of $0.49 per share versus the Zacks Consensus Estimate of a loss of $0.92. This compares to earnings of $0.34 per share a year ago.