New York Times reviewer Howard Taubman praised Streisand's star turn. "Since Fanny herself cannot be brought back," he wrote, "the next best thing is to get Barbra Streisand to sing and strut and go through comic routines à la Brice."
The musical earned eight Tony nominations but faced stiff competition from Jerry Herman's new musical Hello, Dolly!, which swept the 1964 awards. Streisand received a nomination for Best Actress in a Musical but lost to Carol Channing's performance as Dolly Levi.
In 1968 Streisand won an Oscar for her role in the 1968 film version of Funny Girl, and the following year brought Dolly Levi to the big screen in the 1969 film adaptation of Hello, Dolly.