Latest news with #FunkoInc
Bloomberg
08-08-2025
- Business
- Bloomberg
Bumble, Funko Help Set Record Pace for Ousters of Female CEOs
Chief executive officer departures this year at Bumble Inc. and Funko Inc. are helping to fuel a record crop of female CEOs who've been ousted from their jobs. A total of 14 ousters in 2025, which also includes departures by the top executives at Bath & Body Works Inc. and Vail Resorts Inc., marks the highest number of women CEOs forced out during any single year since at least 2017, according to which tracks executive changes at public companies.
Yahoo
21-07-2025
- Business
- Yahoo
Funko to Host 2025 Second Quarter Financial Results Conference Call on Thursday, August 7, 2025
EVERETT, Wash., July 21, 2025--(BUSINESS WIRE)--Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that it will host a conference call on Thursday, August 7, 2025, at 4:30 p.m. ET to discuss its financial results for the second quarter ended June 30, 2025. The conference call will be webcast and can be accessed on the investor relations section of the Funko website at After the call, a replay of the webcast will be available on the same website. About Funko Funko is a leading global pop culture lifestyle brand, with a diverse collection of brands, including Funko, Loungefly, and Mondo, and an industry-leading portfolio of licenses. Funko delivers industry-defining products that span vinyl figures, micro-collectibles, fashion accessories, apparel, plush, action toys, high-end art, and music collectibles, many of which are at the forefront of the growing Kidult economy. Through these products, which include the iconic original Pop! line, Bitty Pop!, and Pop! Yourself, Funko inspires fans across the globe to express their passions, build community, and have fun. Founded in 1998 and headquartered in Washington state, Funko has offices, retail locations, operations, and licensed partnerships in major consumer geographies across the globe. Learn more at and follow us on TikTok, X, and Instagram. View source version on Contacts Investor Relations: investorrelations@ Media: pr@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
07-07-2025
- Business
- Bloomberg
Funko Replaces CEO After One Year Amid Losses, Falling Sales
Toymaker Funko Inc. replaced Chief Executive Officer Cynthia Williams after just one year on the job, naming board member and former CEO Michael Lunsford as interim head to reverse the company's slumping fortunes. 'We believe a change in leadership is necessary to deliver full shareholder value and believe Mike's appointment positions us accordingly,' the Everett, Washington-based company said in a statement.
Yahoo
09-05-2025
- Business
- Yahoo
Funko Inc (FNKO) Q1 2025 Earnings Call Highlights: Navigating Tariffs and Expanding Internationally
Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Funko Inc (NASDAQ:FNKO) delivered net sales of $191 million, in line with guidance. Gross margin was 40%, and adjusted EBITDA came in at a negative $5 million, both ahead of expectations. International performance continues to be a strength, with Funko gaining market share and outpacing the broader toy market in Europe. Funko is expanding its global footprint with new licensed and partner stores in the United Arab Emirates, China, and the Philippines. The direct-to-consumer business remains a critical pillar, with the fan rewards loyalty program continuing to grow and drive profitability. Funko Inc (NASDAQ:FNKO) is withdrawing its 2025 outlook due to complexities and uncertainties related to global tariffs. The company faced intensified pressure in the US from tariffs and more selective consumer behavior. Shipping delays on products crossing the Mexico border hampered sales of Pop Yourself in Q1. Total debt increased by $19.4 million from the end of the previous quarter, reaching approximately $202.2 million. Funko implemented a 20% reduction in its global workforce as part of cost discipline measures. Warning! GuruFocus has detected 3 Warning Signs with FNKO. Q: Can you offer any extra color on the mitigation efforts Funko is taking in response to the current tariff situation, particularly regarding price adjustments and retailer sentiment? A: Cynthia Williams, CEO: The pricing decisions were made back in January, allowing us to discuss them with retail partners since the New York Toy Fair. Retailers view our products as a fantastic value in pop culture collectibles, priced below competitors. The tariffs led to deeper partnerships with retailers, and we decided to hold the line on pricing at $14.99, the same as our exclusives, while investing in quality improvements. Q: Can you discuss the POS trends you're seeing so far in the quarter and what you're looking for over the next few months? A: Eve Le Pendervan, CFO: In the US, POS has been down mid-single digits year-to-date but improved to low single-digit growth in the past four weeks. In Europe, which is over a third of our business, we continue to see high single-digit year-over-year comps, gaining momentum. Q: Were the price increases planned for the year, or were they in response to the original 20% tariffs? A: Cynthia Williams, CEO: The price increases were planned for the year and not in response to the tariffs. We had already communicated these changes to our retail partners. Q: Did margins come in above expectations, and what were the drivers? A: Eve Le Pendervan, CFO: Yes, gross margin came in slightly above the high end of our guidance range. There wasn't much tariff impact in Q1. Improvements were seen across product margins, inventory reserves, and discounts, with no major driver to call out. Q: Regarding the 20% headcount reduction, how should we think about its impact moving forward? A: Cynthia Williams, CEO: The reduction was challenging but necessary. Most of it has already occurred, with some attrition and planned hires not being backfilled. The cost savings will be reflected throughout the remainder of the year. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Wall Street Journal
08-05-2025
- Business
- Wall Street Journal
Funko Pulls Outlook as Loss Widens, Sales Fall
Funko suspended its outlook for the year, citing current macroeconomic uncertainty and continuing changes to global tariff policies. The withdrawal came as the company, which makes pop-culture collectible toys, widened its net loss and logged lower sales in the first quarter. Funko noted that it is gaining share among international customers and outpacing the broader toy industry, while simultaneously taking action to strengthen the foundation of the business.
