Profile
Sector:
Consumer CyclicalIndustry:
Apparel ManufacturingCountry:
United StatesIPO:
27 May 2021Website:
http://www.wearfigs.comNext earnings report:
07 November 2024Last dividends:
N/ANext dividends:
N/APrice
pre-market | 22 min agoDividend
Analysts recommendations
Institutional Ownership
FIGS Latest News
I rate FIGS, Inc. stock as a buy, expecting growth to inflect upwards with orders per buyer potentially more than doubling. FIGS has enhanced top-of-funnel awareness, product innovation, and distribution capacity, driving customer acquisition beyond its core scrub customer base. Margin pressures are temporary; scaling non-scrub products and the high-margin TEAMS business should flip this headwind into a tailwind.
FIGS' Q2 2024 results showed moderate revenue growth but at the expense of lower margins due to increased spending on products and marketing. The company's lack of cost management and high gross margins make it vulnerable to competition, justifying my Hold rating. Despite some improvement in guidance, the valuation remains unattractive with the stock trading at a high P/E ratio even under optimistic scenarios.
FIGS, Inc. (NYSE:FIGS ) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants Todd Maron - Investor Relations Trina Spear - Co-Founder and Chief Executive Officer Kevin Fosty - Interim Chief Financial Officer Conference Call Participants Brooke Roach - Goldman Sachs Bob Drbul - Guggenheim Dana Telsey - Telsey Group Adrienne Yih - Barclays Rakesh Patel - Raymond James Chandana Madaka - KeyBanc Matt Koranda - Roth Capital Partners Nathan Feather - Morgan Stanley John Kernan - TD Cowen Brian Nagel - Oppenheimer Operator Good afternoon. Thank you for joining today's FIGS Second Quarter and Fiscal 2024 Earnings Conference Call.
Figs reported another round of sluggish growth. Margins fell due to a shift in product mix and increased marketing expenses.
While the top- and bottom-line numbers for Figs (FIGS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
FIGS is a well-known retailer that specializes in stylish and high-quality scrubs. The company is recognized for its creative designs and comfortable materials, but it has experienced a slowdown in growth and struggles to maintain decent profit margins. With increasing competition, achieving profitability in the future may prove to be even more challenging. This article examines the earnings report for the first quarter of 2024, which showed disappointing results despite increased investments in marketing and product development that did not lead to growth.
Figs surpassed management's guidance but fell short of Wall Street's expectations nevertheless. The company is in good financial shape, and the stock is cheap, but Figs needs to get back to growth.
FIGS, Inc. (FIGS) Q4 2023 Earnings Call Transcript
The headline numbers for Figs (FIGS) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Figs (FIGS) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.05 per share a year ago.
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What type of business is FIGS?
FIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel. It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, fleeces, and jackets; necessities, scrub caps, lanyards, badge reels, tote bags, baseball caps, and beanies. The company markets and sells its products to healthcare professionals through its direct-to-consumer digital platform comprising website, mobile app, and B2B business, as well as retail store. FIGS, Inc. was founded in 2013 and is headquartered in Santa Monica, California. FIGS, Inc.
What sector is FIGS in?
FIGS is in the Consumer Cyclical sector
What industry is FIGS in?
FIGS is in the Apparel Manufacturing industry
What country is FIGS from?
FIGS is headquartered in United States
When did FIGS go public?
FIGS initial public offering (IPO) was on 27 May 2021
What is FIGS website?
https://www.wearfigs.com
Is FIGS in the S&P 500?
No, FIGS is not included in the S&P 500 index
Is FIGS in the NASDAQ 100?
No, FIGS is not included in the NASDAQ 100 index
Is FIGS in the Dow Jones?
No, FIGS is not included in the Dow Jones index
When was FIGS the previous earnings report?
No data
When does FIGS earnings report?
The next expected earnings date for FIGS is 07 November 2024