Welcome to our dedicated page for Funko news (Ticker: FNKO), a resource for investors and traders seeking the latest updates and insights on Funko stock.
Funko, Inc. (FNKO) is a leading provider of pop culture consumer products, known for its distinctive and playful designs. Founded in 1998, Funko has grown substantially since its acquisition by the current CEO in 2005. The company’s products, including the wildly popular Pop! Vinyl figures, are recognized globally and are based on licensing agreements with top creators in the entertainment industry. This allows Funko to create products that resonate deeply with fans of movies, TV shows, video games, musicians, and sports teams.
Funko's product lineup extends beyond figures to include fashion accessories, apparel, plush products, homewares, and even non-fungible tokens (NFTs). The company effectively targets a diverse consumer base, from children to adults, through a wide range of retail channels, including mass market and specialty retailers, bookstores, department stores, online platforms, convenience stores, hobby shops, and mall outlets. Importantly, no single customer accounts for more than 10% of Funko's annual sales, which demonstrates a well-distributed revenue stream.
With a continuously expanding library of licenses, Funko can offer a broad array of products at various price points, making it accessible to different segments of pop culture enthusiasts. The company’s extensive reach and product diversity have cemented its position as a significant player in the global consumer products market.
Recent achievements include innovative product launches and strategic partnerships that have further solidified Funko’s market presence. Financially, Funko continues to display robust performance, backed by its diverse product lines and loyal customer base. For the latest news and updates on Funko, visit their official website or follow their social media channels.
Funko, a prominent pop culture lifestyle brand, has partnered with the ASPCA to launch a new line of Pop! collectibles featuring iconic movie pets from 'Back to the Future' and 'The Wizard of Oz'. For each Pop! sold in this 'Pops! With Purpose' initiative, Funko will donate $10 to the ASPCA, supporting animal welfare efforts. The figures will be exclusively available through Funko's direct-to-consumer channels, starting with pre-orders on October 4. This initiative expands Funko’s philanthropic efforts and showcases its commitment to community engagement.
Funko has relocated its main U.S. distribution facility to a 958,000-square-foot center in Buckeye, Arizona, consolidating operations from multiple sites in Washington. This move is expected to create over 300 jobs and improve customer experience by streamlining distribution. The facility is anticipated to be operational by April 2022 and will feature solar panels generating 1.24 million kilowatt-hours of power. Funko aims to meet increasing global demand, having surpassed $1 billion in revenue for 2021.
Funko, Inc. (NASDAQ: FNKO) announced a conference call on May 5, 2022, at 4:30 p.m. ET, to discuss its financial results for the first quarter ending March 31, 2022. Investors can access the call via the investor relations section on Funko's website. Post-call, a recording will be available for listening. Funko, headquartered in Everett, Washington, is recognized for its wide range of licensed pop culture products, including vinyl figures, toys, and apparel, catering to fans of popular culture. Further information can be found on their official site.
Funko (NASDAQ: FNKO), a leading pop culture lifestyle brand, will present at two significant investment conferences. Andrew Perlmutter, CEO, and Jennifer Fall Jung, CFO, will represent the company on March 9 at the Bank of America 2022 Consumer and Retail Technology Conference at 1:50 p.m. ET, and on March 10 at the D.A. Davidson Consumer Growth Conference at 10:15 a.m. ET. Live webcasts of both events will be available on the Funko investor website, along with replay options.
Funko reported a strong financial performance for the fourth quarter of 2021, with net sales increasing 48% year-over-year to a record $336.3 million. For the full fiscal year 2021, net sales rose 58% to $1.029 billion, with net income soaring 595% to $67.9 million. Looking ahead, Funko anticipates 20% to 25% net sales growth for fiscal year 2022 and adjusted EPS ranging from $1.75 to $1.91. However, they face challenges with supply chain disruptions affecting gross margins.
Funko, Inc. (NASDAQ: FNKO) has announced a conference call set for March 3, 2022, at 4:30 p.m. ET to review its fourth-quarter financial results ending December 31, 2021. The call will be accessible via the company’s investor relations website, with a recording available post-conference. Funko specializes in licensed pop culture products including vinyl figures and board games, catering to fans looking to connect with their favorite brands.
Funko, a pop culture lifestyle brand, unveiled new Funko GOLD™ NFL figures and accessories in celebration of Super Bowl LVI. The launch features collectibles dedicated to music and sports, transforming the Funko Hollywood store into a dedicated GOLD section with life-size statues of sports icons. Additionally, Funko partnered with iHeartMedia for a giveaway, offering fans a chance to win Funko GOLD™ figurines and a trip to an NFL game. The latest figure lineup includes notable players like Tom Brady and Kyler Murray.
Funko, Inc. announced significant leadership changes with
Funko, a pop culture consumer products company, has announced its expansion into the greeting card market with the launch of POPSIES™, a line of collectible interactive greeting displays. Available exclusively at Walmart starting December 26, 2021, these innovative products will retail for $6.98. Featuring beloved pop culture characters, POPSIES™ will cater to various occasions and include seasonal themes starting with Valentine's Day 2022. This initiative aims to enhance the gifting experience while celebrating fan-favorite franchises.
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