Funko has too many bobbleheads

Funko said it would dump at least $30 million in big-head vinyl figurines after filling up distribution centers with slow-moving merchandise. The company is currently holding 48 percent more inventory than it did at this time last year. “It was clear on our last earnings call that the business and our operations hit an inflection point,” said CEO Brian Mariotti. “A combination of macro factors and Funko-specific issues have disrupted our financial and operating performance to an unacceptable degree.”