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The move comes after Funko Pop inventory ballooned nearly 50% in the last year, with unsold toys cluttering warehouses and distribution centers.
Funko (NASDAQ: FNKO ) stock is taking a beating on Thursday following the release of its earnings report for the fourth quarter of 2022. The bad news for FNKO stock starts with its adjusted earnings per share of -35 cents.
Funko, Inc. (NASDAQ:FNKO ) Q4 2022 Earnings Conference Call March 1, 2023 4:30 PM ET Company Participants Ben Avenia-Tapper - Director of IR Brian Mariotti - CEO Steve Nave - CFO & COO Conference Call Participants Alexander Perry - Bank of America Merrill Lynch Linda Bolton-Weiser - D.A. Davidson & Co Megan Alexander - JPMorgan Gerrick Johnson - BMO Stephen Laszczyk - Goldman Sachs Andrew Uerkwitz - Jefferies Operator Good afternoon, and welcome to Funko's conference call to discuss financial results for the fourth quarter of 2022.
Funko-A (FNKO) delivered earnings and revenue surprises of -218.18% and 5.07%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Funko stock sinks more than 25% after dismal outlook in a toy industry that isn't much fun right now
Shares of Funko Inc. nosedived in after-hours trading on Wednesday, after the collectible toy maker issued a financial outlook that was far worse than expected and said efforts to improve performance might not take hold for months.
Analysts will be watching Funko margins, inventory progress as its earnings funk is expected to continue with Q4 results late Wednesday. The post Funko Earnings Funk Expected To Continue; Margins, Inventories In Focus appeared first on Investor's Business Daily.
Funko has dropped 36% in one year, a chart that grabs my attention. The company has a licensing stronghold on all things pop-culture.
EVERETT, Wash.--( BUSINESS WIRE )--Funko, Inc. (Nasdaq: FNKO) (“Funko” or “the Company”), a leading pop culture lifestyle brand, today announced that it will hold a conference call on Wednesday, March 1, 2023, at 4:30 p.m. ET to discuss its financial results for the fourth quarter ended December 31, 2022.
Shares of Funko have dropped a sharp 40% since reporting Q3 results in November, and the stock has only enjoyed a modest YTD recovery alongside other growth stocks in January. Though growth sustained well in Q3, guidance implies very little growth for Q4 amid reseller caution.
Shares of toy company Funko plunged earlier this year in response to reduced guidance for the year. Since then, the company has changed some of its top brass, but investor confidence is still weak.