Funko delivers first sales growth, profit in almost 2 years

Quick Summary:

Yves LePendeven, who was serving as acting CFO since March, was also named to take over the role permanently.

Funko faced multiple lawsuits dating from at least 2020 that the company withheld unfavorable financial and business information from stockholders and the public.

Since last quarter, Funko also lowered its inventory to $109 million from $112 million and cut its debt by $22.5 million to $223.9 million.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United States

Topics: First Growth Sales Year Fans Quarter Million Company Williams Funko Last

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 12:30:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 22000435

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