By Dean Seal
Shares of Funko hit a 12-month high after the collectibles maker bucked Wall Street expectations for a decline in first-quarter sales.
The stock climbed more than 36% to $6.09 on Friday, its highest price since April 2025. Shares are up 60% since the start of the year.
The company, known for its vinyl figurines and bobbleheads of TV show and video game characters, said sales rose 5% to $200.9 million in the first three months of the year. Analysts polled by FactSet had been expecting revenue to slide by 1%.
The core collectibles business logged a 17% gain, while its Loungefly segment, which produces apparel and accessories, declined 23%. That was still better than the 25%-to-30% decline Funko had been anticipating after it cut Loungefly products that had become unprofitable due to tariffs implemented last year, Davidson analyst Keegan Cox said in a note.
The company's earnings before interest, taxes, debt and amortization also came in well ahead of estimates, Cox said. Its net loss of 11 cents a share was better than the 34-cent loss per share that analysts had been forecasting.
Funko's annual guidance is looking conservative given all the sales and profit drivers it has in the year ahead, including the World Cup, favorable licensing agreements and lower tariff rates, according to the analyst. Cox raised his price target on Funko to $7 from $5 a share.
Write to Dean at dean.seal@wsj.com
(END) Dow Jones Newswires
May 08, 2026 13:49 ET (17:49 GMT)
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