MILWAUKEE, Feb. 7, 2020 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating possible securities fraud claims
against Funko, Inc. (NASDAQ: FNKO) resulting from inaccurate
statements Funko made regarding its internal controls, business
practices, financial statements and prospects.
Click here to learn more about the investigation:
http://ademilaw.com/case/funko-inc or call Guri Ademi toll-free at 866-264-3995. There is
no cost or obligation to you.
The investigation focuses on whether Funko issued false and
misleading statements regarding its business practices and
prospects. Specifically, Funko expects fourth-quarter sales
of $214 million, down from
$233 million last year and
significantly lower than the consensus of $231 million. Funko said a "challenging retail
environment" and weak sales related to some major movie releases
were to blame. The company will also incur a one-time $16.8 million charge to write-down disposal of
slow-moving inventory. Funko expects 2020 sales growth in the
high-single digit to low-double digit range, though the first half
is expected to be flat to down in the low-single digit range
compared to 2019.
If you wish to obtain additional information or have information
about this investigation of Funko, please contact Guri Ademi either at gademi@ademilaw.com or
toll-free: 866-264-3995, http://ademilaw.com/case/funko-inc.
We specialize in securities fraud and shareholder
litigation. For more information, please feel free to call
us. Attorney advertising. Prior results do not guarantee
similar outcomes.
Contact:
Ademi & O'Reilly, LLP
Guri Ademi
3620 East Layton Ave.
Cudahy, WI 53110
Toll Free: (866) 264-3995
Fax: (414) 482-8001
www.ademilaw.com
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SOURCE Ademi & O'Reilly, LLP