Funko, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024
March 07, 2024 at 04:05 pm EST
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Funko, Inc. provided earnings guidance for the first quarter and full year 2024. For the first quarter of 2024, company expects net sales to be in the range of $214 million to $227 million.
For Full Year 2024, the company expects net sales to be in the range of $1.047 billion to $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).