The Mandalorian helps Funko sales spike

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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%.

SourceCNBC
Mark Newbold
Mark Newbold
Exploring the galaxy since 1978, Mark wrote his first fan fiction in '81 and has been a presence online since webpage Fanta War in 1996. He is the EiC and Daily Content Manager of Fantha Tracks and currently contributes to ILM.com, SkywalkerSound.com, Star Wars – Das Offizielle Magazin, Journal of the Whills and Starburst Magazine, having previously contributed to magazines Star Wars Insider, Geeky Monkey, TV Film Memorabilia, Model and Collectors Mart, partworks Build Darth Vader, Star Wars Encyclopedia, and Build The Millennium Falcon, and websites Jedi.net, Jedi News, StarWars.com, Lightsabre.co.uk, and Wirezone. He is the only podcaster to have appeared on every Celebration podcast stage since it began in 2015 (hosting it four times), and is the co-host of Making Tracks, Canon Fodder and Start Your Engines on Fantha Tracks Radio.
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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%.

SourceCNBC
Mark Newbold
Mark Newbold
Exploring the galaxy since 1978, Mark wrote his first fan fiction in '81 and has been a presence online since webpage Fanta War in 1996. He is the EiC and Daily Content Manager of Fantha Tracks and currently contributes to ILM.com, SkywalkerSound.com, Star Wars – Das Offizielle Magazin, Journal of the Whills and Starburst Magazine, having previously contributed to magazines Star Wars Insider, Geeky Monkey, TV Film Memorabilia, Model and Collectors Mart, partworks Build Darth Vader, Star Wars Encyclopedia, and Build The Millennium Falcon, and websites Jedi.net, Jedi News, StarWars.com, Lightsabre.co.uk, and Wirezone. He is the only podcaster to have appeared on every Celebration podcast stage since it began in 2015 (hosting it four times), and is the co-host of Making Tracks, Canon Fodder and Start Your Engines on Fantha Tracks Radio.
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