Funko Beats Q3 Earnings Estimates, Raises 2024 Adjusted EBITDA View
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Funko (FNKO) reported better-than-expected Q3 earnings, driven by improved gross margins and inventory management. The company also raised its 2024 adjusted EBITDA outlook.
November 11, 2024 | 4:00 pm
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Funko's Q3 earnings exceeded expectations due to improved gross margins and inventory management. The company also raised its 2024 adjusted EBITDA outlook.
Funko's better-than-expected Q3 earnings and raised 2024 adjusted EBITDA outlook are positive indicators for the company's financial health. Improved gross margins and inventory management suggest operational efficiency, likely boosting investor confidence and stock price in the short term.
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