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 -0.07% change in stock price 10 days leading up to the earnings, and a -3.83% change 10 days following the report. On the earnings day itself, the stock moves by -0.25%. This data can give you a slight idea of what to expect for the next quarter's release.
FNKO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
292.76M
-6.45%
18.21%
Gross Margin
35.66%
26.05%
-0.36%
Operating Margin
4.15%
841.07%
-5.03%
Net Margin
1.57%
130.31%
-28.31%
EPS
0.08
125.81%
-20.00%
No Data Available
FNKO Earnings Analysis
Funko, Inc. Class A Common Stock Corporation (FNKO.O) Earnings Conference Call
Positive
Sales Exceed Guidance: Net sales of $293 million were reported, exceeding the top end of guidance range.
Strong Profitability Indicator: Gross margin was 41%, indicating strong profitability.
EBITDA Exceeds Expectations: Adjusted EBITDA was $31 million, surpassing expectations and the top end of guidance range.
Adjusted EBITDA Increase: The company raised the range for adjusted EBITDA to $85 million to $90 million, reflecting improved profitability.
Kinder Joy Milestone Achievement: The partnership with Ferrero resulted in over one billion Funk branded Kinder Joy eggs shipped, marking a significant milestone.
Negative
Net Sales Decline: Net sales were $292.8 million, down 7% year-over-year compared to last year's Q3.
Direct-to-Consumer Sales Decline: Direct-to-consumer sales were down 7% year-over-year and comprised 20% of our gross sales compared with 20% in last year's Q3.
Strong Adjusted Net Income: Adjusted net income was $8 million, or $0.14 per diluted share, which was well above our guidance range for the quarter.
Cash Position Decline: At September 30, we had cash and cash equivalents of $28.5 million, compared with $41.6 million at the end of Q2.
Liquidity Decline: Total company liquidity decreased to $83.5 million from $101.6 million at the end of last quarter.
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FNKO Earning Call Sentiment
Funko, Inc. (FNKO) Q3 2024 Earnings Call Transcript
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00:00
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FNKO.O
-2.95%Positive
The earnings call highlights several negative indicators: cautious wholesale orders, declining direct-to-consumer sales, increased inventory, and reduced liquidity. Although gross margins and adjusted net income were better than expected, the overall economic uncertainty and high debt levels present significant risks. The Q&A section reveals management's lack of clarity on tariffs and reliance on promotional activities to boost sales, further contributing to a negative outlook. With no share repurchase program and declining liquidity, the stock is likely to experience a negative movement in the short term.
