earnings
confidence high
sentiment negative
materiality 0.85
Funko Q2 net sales up 33.7% to $315.7M; net income down 24.6%; margins shrink
Funko, Inc.
2022-Q2 EPS reported
$0.53
revenue$624,059,000
- Net sales $315.7M (+33.7% YoY); net income $15.8M (-24.6%); Adjusted EBITDA $31.8M (-22.7%).
- Gross margin fell 640bps to 32.7% on higher freight costs; SG&A up 50.7% to $82.7M.
- Loungefly sales record $70M (+114%); direct-to-consumer +26%; acquired collectible firm Mondo.
- Full-year guidance: net sales $1.30-1.35B, Adj. EBITDA margin ~14.6%, Adj. EPS $1.88-1.99.
- Inventories surged 170.9% to $234M; total liquidity down 49.4% to $86.2M.