Funko, Inc. Provides Financial Guidance for the Second Quarter, Second Half of 2024 and Reiterats Financial Guidance for the Full Year of 2024
May 09, 2024 at 04:30 pm
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Funko, Inc. provided financial guidance for the second quarter, second half of 2024 and reiterated financial guidance for the full year of 2024. For the quarter, the company expects net sales of between $225 million and $240 million.
The company expects its financial results to be stronger in the second half of 2024 than in the first half due to the natural seasonality of its business as well as an expected easing of the impact of the Hollywood strikes.
For the full year, the company reiterated net sales of between $1.047 billion and $1.103 billion.
Funko, Inc. operates as a pop culture lifestyle brand. The Company is engaged in selling a range of licensed pop culture consumer products, featuring characters from a range of media and entertainment content, including movies, TV shows, video games, music and sports. Its products are principally figures, fashion accessories, apparel, plush products, accessories, homewares, and non-fungible tokens (NFTs). Its products combine its brands and designs and aesthetic sensibilities into properties it licenses from content providers. In addition to offering multiple properties and product categories, it creates and sells a variety of brands that have their own look and feel. The Company's brand portfolio includes Core Collectibles (which include Pop! Vinyl, as well as other branded lines such as Soda, Bitty Pop!, and Pop! Yourself), Loungefly (softlines including bags, wallets, backpacks and apparel) and Other (which includes brands, such as Digital Pop! and Mondo).
FUNKO, INC. 
