Funko stock sinks on wider-than-expected earnings loss
Yahoo Finance Live’s Julie Hyman breaks down stock performance for Funko.
JULIE HYMAN: Got a trending ticket for you now and that is Funko. The company out with a wider-than-expected loss, as net sales slipped 1% year-over-year. The toy maker saw gross margin in the fourth quarter down by 560 basis points, driven by storage and container rental charges associated with excess inventory. This, as operating expenses rose for the quarter. Funko citing significant headwinds due to constrained logistics. And the shares are down by some 12% following those results.