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 been a presence online since his first webpage Fanta War in 1996. He currently contributes to ILM.com and SkywalkerSound.com, having previously written for Star Wars Insider, StarWars.com, Star Wars Encyclopedia, Build The Millennium Falcon, Starburst Magazine, Geeky Monkey, TV Film Memorabilia and Model and Collectors Mart. He is a four-time Star Wars Celebration Stage host (the only podcaster to have appeared on every Celebration podcast stage since it began in 2015), the Daily Content Manager of Fantha Tracks and 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 been a presence online since his first webpage Fanta War in 1996. He currently contributes to ILM.com and SkywalkerSound.com, having previously written for Star Wars Insider, StarWars.com, Star Wars Encyclopedia, Build The Millennium Falcon, Starburst Magazine, Geeky Monkey, TV Film Memorabilia and Model and Collectors Mart. He is a four-time Star Wars Celebration Stage host (the only podcaster to have appeared on every Celebration podcast stage since it began in 2015), the Daily Content Manager of Fantha Tracks and the co-host of Making Tracks, Canon Fodder and Start Your Engines on Fantha Tracks Radio.
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