Funko (FNKO) Tops Q3 EPS by 17c

Funko (NASDAQ: FNKO) reported Q3 EPS of $0.27, $0.17 better than the analyst estimate of $0.10. Revenue for the quarter came in at $191.2 million versus the consensus estimate of $169.33 million.

"Our teams have executed well in 2020 despite the challenges presented by the pandemic," said Brian Mariotti, Chief Executive Officer. “In the third quarter, we outperformed revenue expectations, reflecting strength within our domestic mass market and digital channels. We also maintained strong gross margins and cost controls, which allowed us to deliver improved profitability. The quarter was highlighted by our successful evergreen programs, expanded product offerings and enhanced e-commerce capabilities, all of which are enabling us to drive increased engagement with our fans around the globe.”

"While we expect to face continued headwinds in specific channels and regions in the fourth quarter, we believe we are well positioned for the holiday season with our most diverse product offering yet and an expanded presence within key retail partners. Looking further ahead, we are staying focused on our four key strategies and remaining agile in the face of today\'s dynamic environment."

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

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