Funko reports record Q2 sales $236.1M (+141% YoY); CEO transition planned for Jan 2022

Funko, Inc.

2021-Q2 EPS reported $0.52 revenue$425,287,000

Q2 net sales $236.1M (+141% YoY); net income $20.9M vs -$15.0M loss; adjusted EBITDA $41.1M vs $0.2M.
Gross margin 39% (+250 bps YoY); DTC sales >190% growth, now 11% of net sales.
FY2021 guidance: net sales $900-930M; adjusted EPS $1.06-$1.19.
CEO Brian Mariotti becomes Chief Creative Officer; President Andrew Perlmutter to become CEO effective Jan 3, 2022.
Pop! brand sales +137%, Loungefly +132%; U.S. +110%, Europe +393%.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Brian Mariotti

Chief Creative Officer

FNKO · Funko, Inc.

Effective: 2022-01-03
Successor: Andrew Perlmutter
Filed: August 5, 2021, 7:59 PM ET

Brian Mariotti, the Company’s current Chief Executive Officer, is expected to transition to the role of Chief Creative Officer.

Role change

Andrew Perlmutter

Chief Executive Officer

FNKO · Funko, Inc.

Effective: 2022-01-03
Filed: August 5, 2021, 7:59 PM ET

Andrew Perlmutter is expected to be appointed as the Company’s Chief Executive Officer

Appointed

Andrew Perlmutter

Director

FNKO · Funko, Inc.

Effective: 2022-01-03
Filed: August 5, 2021, 7:59 PM ET

Mr. Perlmutter will be elected to the Board in connection with his appointment as Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Mariotti changed role as Chief Creative Officer at Funko, Inc..

Action: transition
Role: Chief Creative Officer

Exact text from the filing

Brian Mariotti, the Company’s current Chief Executive Officer, is expected to transition to the role of Chief Creative Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Perlmutter was appointed as Chief Executive Officer at Funko, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Andrew Perlmutter is expected to be appointed as the Company’s Chief Executive Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Andrew Perlmutter was elected as Director at Funko, Inc..

Action: elected
Role: Director

Exact text from the filing

Mr. Perlmutter will be elected to the Board in connection with his appointment as Chief Executive Officer.

View on SEC.gov

Funko, Inc. filing history →

Source: SEC EDGAR

accession 0001704711-21-000046

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