FNKO Earnings Prediction
The chart below shows how FNKO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FNKO sees a +3.04% change in stock price 10 days leading up to the earnings, and a -8.12% change 10 days following the report. On the earnings day itself, the stock moves by -0.46%. This data can give you a slight idea of what to expect for the next quarter's release.
FNKO Key Earning Data
2024/Q4
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FNKO Earnings Analysis
Funko Inc Corporation (FNKO.O) Earnings Conference Call
Positive
Earnings Per Share Beat: Funko, Inc. reported an EPS of $0.08, exceeding expectations of $0.02, indicating strong financial performance.
Q4 Net Sales Stability: Net sales for Q4 reached $294 million, at the top end of guidance and up over 1% year-over-year, showcasing stability in sales.
Gross Margin Improvement: Gross margin improved to 42%, reflecting a favorable sales mix and lower product costs, contributing to overall profitability.
Q4 Adjusted EBITDA Surge: Adjusted EBITDA for Q4 was $26 million, exceeding expectations and marking a significant improvement from the previous year.
Direct-to-Consumer Sales Growth: Direct-to-consumer sales grew by 20% year-over-year, now comprising 29% of gross sales, highlighting the effectiveness of this sales channel.
International Sales Growth: Sales outside of the US grew by 23%, indicating successful international expansion and demand for Funko products.
Core Collectibles Growth: The core collectibles business grew over 10% in Q4, demonstrating strong performance in key product categories.
Biddy Pop Line Growth: The Biddy Pop line saw an impressive 83% growth year-over-year, reflecting the popularity of miniature collectibles.
Sports Partnerships Revenue Growth: Funko's partnerships with major sports leagues like the NFL and NBA are opening new revenue streams, with sports products representing a growing segment of their business.
Customer Loyalty Growth: The company added 120,000 new members to its Fan Rewards program, indicating strong customer loyalty and engagement.
Leadership Team Enhancements: Leadership team enhancements with key hires are expected to drive future growth and innovation in product offerings.
Negative
Consumer Behavior Challenges: Softening consumer behavior in the US market is impacting sales, indicating potential challenges ahead.
Revenue Decline Analysis: Despite a slight increase in net sales, the overall revenue for 2024 was lower than 2023, showing a decline in growth.
Adjusted EBITDA Outlook: The company anticipates adjusted EBITDA to be slightly lower in 2025 compared to 2024, indicating potential profitability concerns.
Projected Net Loss Guidance: The guidance for the first quarter of 2025 includes a projected adjusted net loss between $25 million and $22 million, highlighting ongoing financial struggles.
Tariff Impact on Profitability: The anticipated impact of 20% tariffs on imports from China adds uncertainty to future financial performance, which could further strain profitability.
FNKO FAQs
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FNKO Earning Call Sentiment
Funko, Inc. (NASDAQ:FNKO) Q4 2024 Earnings Call Transcript
FNKO.O
-7.39%Positive
The earnings call reflects mixed signals. Financial performance shows improvements in gross profit and EBITDA, but the lowered sales guidance and expected losses in Q1 2025 raise concerns. Positive factors include direct-to-consumer sales growth and debt reduction. However, competitive pressures, regulatory issues, and economic factors present risks. The lack of a share repurchase program and unclear management responses in the Q&A further add to uncertainty. Overall, these factors balance each other out, leading to a neutral sentiment.
