With hopes that their company will grow a further 25 – 30% in 2021, Funko posted impressive numbers for 2020 thanks to strong sales for The Mandalorian products and their Loungefly products which saw a significant upturn.
Here’s how the company did for the fourth quarter, compared with Wall Street estimates:
EPS: 29 cents, excluding times, vs.14 cents expected, according to Refinitiv.
Revenue: $226.5 million vs. $195.7 million expected, according to Refinitiv.During the fourth quarter, Funko’s net sales soared 6% year over year to $226.5 million, as more folks scooped up merchandise from “The Mandalorian” and products from its Loungefly brand.
Much of Funko’s growth came from the U.S., where sales jumped 18% to $171 million, the best quarter ever for Funko domestically.
Net sales of non-figure products, including bags, wallets and T-shirts, grew 30% in the quarter compared with the same period last year. Its Loungefly products jumped 51%.
- Hardcover Book
- Freed, Alexander (Author)
- English (Publication Language)
- 480 Pages - 03/02/2021 (Publication Date) - Random House Worlds (Publisher)
