Funko's CEO believes the company is now on a more solid foundation for growth. Despite warning of potential higher shipping costs and a softer content slate in 2024, the company still expects to improve its bottom line in 2024.
The company, burdened with significant debt and an EBIT loss, seems to be in a precarious position. Last year's negative free cash flow of US$21m further exacerbates the company's troubling financial state.
The firm's interim CEO, Michael Lunsford, stated the results were beyond their expectations and highlighted the company's ongoing efforts to streamline its business and focus on core products.
Gainers: In reaction to earnings/guidance: •$欧迪办公(ODP.US)$+8.03% (The ODP Corporation gains on guiding Q2 and FY22 earnings above the consensus; to buyback shares of $600M) •$Synchrony Financial(SYF.US)$+4.2%(The financial services company posted adjusted earnings per share of $1.60 for the June ended quarter, beating analysts' estimates of $1.41 per share, according to FactSet.) •$高盛(GS.US)$+4.2% (Goldman Sachs beats...
Funko Inc is an American company, which mainly produces licensed limited popular culture collections. JP Morgan upgraded FNKO’s rating to overweight, and raised the target price to USD 28 by December 2022. Key takeaways: 1. Disadvantages are greatly weakened, and the profit rate is expected to increase in 2023. Like most manufacturers, with the sharp increase of freight and product cost in the second half...
Funko股票讨论区
rebound play
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Undervalued
2028
专栏Today's pre-market stock movers: GS, BA, BAC, BABA and more
In reaction to earnings/guidance:
• $欧迪办公(ODP.US)$ +8.03% (The ODP Corporation gains on guiding Q2 and FY22 earnings above the consensus; to buyback shares of $600M)
• $Synchrony Financial(SYF.US)$ +4.2%(The financial services company posted adjusted earnings per share of $1.60 for the June ended quarter, beating analysts' estimates of $1.41 per share, according to FactSet.)
• $高盛(GS.US)$ +4.2% (Goldman Sachs beats...
专栏JP Morgan raised the target price and gave an overweight rating! What exactly does Funko do?
Key takeaways:
1. Disadvantages are greatly weakened, and the profit rate is expected to increase in 2023.
Like most manufacturers, with the sharp increase of freight and product cost in the second half...
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