Funko Shares Fall as Attention Turns to $70 Million Turnaround Goal
Funko Inc. shares fell 2.3% to $5.46 Tuesday, tracking declines in toy and entertainment stocks as broader markets slipped. No new company news drove the move. Funko posted Q1 net sales of $200.9 million and a net loss of $18.1 million, with Core Collectibles up but Loungefly sales down. The company held $34.3 million in cash and $215.9 million in debt as of March 31.