In a matter of a week Funko announced that they had really bad fourth quarter partly due to poor holiday sales sending their stock into a sharp nose dive, to an announcement about Funko having to destroy nearly 18 million dollars of back inventory and an announcement that Funko shareholders are asking for an securities investigation.
https://www.marketwatch.com/story/funko-stock-plummets-on-surprise-sales-downturn-2020-02-05
I blame Disney’s decision to delay the availability of Baby Yoda merchandise.
Yup. The level of secrecy had hurt initial Mandalorian merch sales, but at the same time Star Wars toys connected to episode 9 sold very poorly across the board which bit Target in the ass really hard when they reported weak holiday toys sales. Both Funko and Target had bet a lot of shelf space and inventory on episode 9.
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