Funko (FNKO) Tops Q2 EPS by 11c

Funko (NASDAQ: FNKO) reported Q2 EPS of ($0.30), $0.11 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $98.1 million versus the consensus estimate of $76.71 million.

Brian Mariotti, Chief Executive Officer, stated, “Although our second quarter results were significantly impacted by store closures in both the U.S. and abroad, we were able to accelerate our connection and engagement with our fans through continued innovation and new product introductions as well as the expansion of our direct to consumer business. In Q2, we saw strong performance on our own e-commerce sites which delivered triple-digit sales growth.”

“Looking at the second half of the year we are excited to have our most diverse product offering in the market come this holiday season. In the face of the highly dynamic environment, we are staying nimble and remain committed to our key growth strategies.”

GUIDANCE:

Given the continued and uncertain duration of the impacts from COVID-19 on Funko’s business, the Company is not issuing updated fiscal year 2020 guidance at this time.

For earnings history and earnings-related data on Funko (FNKO) click here.

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