Shares of Funko Inc. nosedived in after-hours trading on Wednesday, after the collectible toy maker issued a financial outlook that was far worse than expected and said efforts to improve performance might not take hold for months.
Executives issued the forecasts amid a drop-off in retail demand for toys, and operational snags at a new distribution center. Funko has been battling issues that led to a change in the chief executive and chief financial officer positions late last year, and the company on Wednesday appointed…
