Funko announces sees q4 2019 adjusted earnings per share $0.16 to $0.18
Funko announces preliminary fourth quarter 2019 financial results; provides initial 2020 net sales outlook of high-single-digit to low-double-digit growth.sees q4 2019 adjusted earnings per share $0.16 to $0.18.sees q4 2019 sales about $214 million.q4 net sales were below expectations in mature markets, including u.s., due to challenging retail environment.funko - will incur one-time $16.8 million charge in q4 related to write-down of inventory due to co's decision to dispose of slower moving inventory.will have a net loss per diluted share of $0.12 to $0.11 in q4.expects its 2020 net sales growth rate to be in high-single-digits to low-double-digits.anticipates top line trends will improve gradually throughout 2020 and will be largely weighted toward second half of year.net sales in first half expected to be down low-single-digits to flat compared to first half of 2019.q4 earnings per share view $0.43, revenue view $264.3 million -- refinitiv ibes data.fy2020 earnings per share view $1.39, revenue view $936.1 million -- refinitiv ibes data.
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