— Funko Inc. (NASDAQ: FNKO) reported fourth-quarter 2019 adjusted earnings of $0.18 per share, versus $0.16 per share expected.
— Net sales decreased 8% year-over-year to $213.5 million from $233.2 million last year, vs. $213.75 expected
— The number of active properties increased by 14% to 667 from 583 in the fourth quarter of 2018; net sales per active property decreased by 20%
— On a geographical basis, net sales in the United States decreased 9% and international net sales dropped 8%
— On a product category basis, net sales of figures dropped 10% and net sales of other products decreased 3%
— Expects net sales to be in the range of $840 million to $865 million in fiscal 2020, representing a 6-9% annual growth
— Looking for full-year adjusted EBITDA between $115 million and $125 million, representing adjusted EBITDA margin of 13.7-14.5%
— Estimates adjusted earnings to be in the $0.85-$1.00 per share range; expects full-year adjusted net income to be between $43.3 million and $50.8 million
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