NASDAQ:FNKO - Nasdaq - US3610081057 - Common Stock - Currency: USD
Wondering how the US markets performed one hour before the close of the markets on Monday? Discover the movers and shakers of today's session in our comprehensive analysis.
Keep an eye on the top gainers and losers in Monday's session, as they reflect the most notable price movements.
The performance of consumer discretionary businesses is closely linked to economic cycles. This sensitive demand profile can cause discretionary stocks to plummet when macro uncertainty enters the fray, and over the past six months, the industry has shed 5.8%. This performance was worse than the S&P 500’s 1% fall.
Pop culture collectibles manufacturer Funko (NASDAQ:FNKO) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 11.6% year on year to $190.7 million. Its non-GAAP loss of $0.33 per share was 24.1% above analysts’ consensus estimates.
Mattel chairman and CEO Ynon Kreiz said he won't sit still in trying to overcome Trump tariffs.
Cliff Engle will oversee the company’s global distribution and logistics operations as it implements tariff mitigation strategies.
Shares of Hasbro (NASDAQ: HAS), Mattel (NASDAQ: MAT), and Funko (NASDAQ: FNKO) were getting crushed today as investors reacted to President Donald Trump's announcement of reciprocal tariffs last night. Consumer discretionary stocks are getting hit especially hard since many of these products are imported from abroad, and consumers don't need to buy them. Toys are an especially discretionary category so it wasn't surprising to see shares of Hasbro, Mattel, and Funko all falling sharply today.
Pop culture collectibles manufacturer Funko (NASDAQ:FNKO) beat Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $293.7 million. On the other hand, next quarter’s revenue guidance of $193 million was less impressive, coming in 21.5% below analysts’ estimates. Its non-GAAP profit of $0.03 per share was 2 cents below analysts’ consensus estimates.