Funko Stock Price, News & Analysis

Funko, Inc. announced significant leadership changes with Charles Denson appointed as Chairman of the Board, succeeding Ken Brotman, who remains a board member. Andrew Perlmutter, the new CEO since January 3, 2023, will also join the Board, replacing Gino Dellomo. Denson's experience in digital commerce and global brand development is expected to drive Funko's growth in pop culture products. The company continues to focus on connecting fans with their favorite brands through diverse product offerings.

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.

Funko (NASDAQ: FNKO) has joined How2Recycle, marking a commitment to sustainability by featuring the How2Recycle label on its Pop! vinyl products. This label informs consumers about the recyclability of packaging, stating that outer cardboard boxes can typically be recycled curbside in the U.S. Funko's President, Andrew Perlmutter, expressed pride in this initiative, aimed at educating fans on proper recycling practices for a healthier planet. The How2Recycle label standardizes recycling instructions across packaging types, promoting broader consumer awareness.

Funko, Inc. (Nasdaq: FNKO), a leading consumer products company, will present at the Jefferies Virtual Global Interactive Entertainment Conference on November 11-12, 2021. Deirdre Cross, Vice President of Funko Games, will engage in a fireside chat with Jefferies analyst Stephanie Wissink on November 11 at 2:15 p.m. Eastern time. The presentation will be webcast and accessible via Funko's investor relations website. Participants are advised to log in 10 minutes prior to the session, and a replay will be available after the event.

Funko reported a robust third quarter for 2021, with net sales increasing 40.0% year-over-year to $267.7 million. The net income grew 17.8% to $18.4 million, but margins declined slightly due to rising freight costs. The company experienced strong performance across all geographies, particularly in Europe, where sales rose 65.7%. Direct-to-consumer sales surged 88%, marking a significant shift in sales strategy. Looking ahead, Funko forecasts net sales between $950 million and $975 million for the year.

Funko, Inc. (NASDAQ: FNKO) has announced a conference call to discuss its financial results for the third quarter ending on September 30, 2021. The call is scheduled for Thursday, November 4, 2021, at 4:30 p.m. ET. Investors can access the call via the Funko investor relations website, where a recording will also be available afterward. Funko is recognized for its diverse range of pop culture consumer products including vinyl figures, action toys, and apparel.

Funko, a leader in pop culture products, announces a collaboration with Macy’s and Lucasfilm to feature a Grogu-themed balloon in the 2021 Macy’s Thanksgiving Day Parade on November 25. This giant balloon, measuring 41-feet high and inspired by Funko's Pop! figure, aims to captivate fans of the Star Wars series. A limited-edition product line will be available for purchase on Funko.com, along with select items at Macy’s Herald Square, generating excitement around the parade and enhancing Funko's market presence.

Funko, a pop culture consumer products company, has announced its expansion into the holiday market with new Pop!-inspired Hallmark ornaments and wrapping paper, available exclusively at Walmart. This collection includes beloved characters from movies, TV, and comics, aiming to enhance holiday celebrations. Funko, known for its innovative products, will also introduce advent calendars, games, and mugs to its holiday lineup. The ornaments, available for pre-order, reflect Funko's commitment to delighting fans and engaging new customers this season.

Funko, Inc. (Nasdaq: FNKO) announced an executive leadership transition to enhance long-term growth. Andrew Perlmutter, currently President, is set to become CEO, while Brian Mariotti will transition to Chief Creative Officer, effective January 3, 2022. This change aims to leverage Mariotti's creative strengths while allowing Perlmutter to focus on strategic operations. With a deep background in collectibles, Perlmutter is expected to lead the company’s growth strategy, focusing on product diversification, direct-to-consumer channels, and international expansion.