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 Nage ...

The healthcare apparel company issued another disappointing earnings report. Shares of Figs (FIGS -13.99%) were taking a dive today after the apparel company best known for scrubs for healthcare workers posted disappointing second-quarter results, including a decline in profits. As of 2:42 p.m. ET, the stock was down 12.5% on the news. Figs' challenges continue Figs, which calls itself the largest direct-to-consumer platform in healthcare apparel, said that revenue increased 4.4% to $144.2 million, which ma ...

Figs (FIGS) reported $144.23 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.4%. EPS of $0.01 for the same period compares to $0.02 a year ago. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission File Number: 001-40448 FIGS, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware ...

FIGS Releases Second Quarter 2024 Financial Results Exceeded Q2 2024 Outlook; Announcing $50 Million Share Repurchase Authorization SANTA MONICA, Calif., August 8, 2024 — FIGS, Inc. (NYSE: FIGS) (the "Company"), the global leading healthcare apparel brand dedicated to improving the lives of healthcare professionals, today released its second quarter 2024 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results. Seco ...

In its upcoming report, Figs (FIGS) is predicted by Wall Street analysts to post break-even quarterly earnings per share, reflecting a decline of 100% compared to the same period last year. Revenues are forecasted to be $142.71 million, representing a year-over-year increase of 3.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before a company ann ...

FIGS (NYSE:FIGS) is a healthcare apparel retailer famous for its high-quality, trendy scrubs. I started covering the company in March 2024 with a Hold rating. The rating was based on the company's low operating margins, dilutive stock-based compensation, decelerating growth trends, and increasing competition. The company's adjusted EV was too high in comparison with its operating profitability. Management's 'strong' cash flow: The company's management talked about strong and robust cash flow generation seve ...

Company Participants Brian Nagel - Oppenheimer Rick Patel - Raymond James Lorraine Hutchinson - Bank of America Chandana Madaka - KeyBanc Capital Markets Nathan Feather - Morgan Stanley Matt Koranda - Roth MKM Dana Telsey - Telsey Advisory Group Bob Drbul - Guggenheim Partners Brooke Roach - Goldman Sachs John Kernan - TD Cowen Angus Kelleher - Barclays I'd now like to turn the conference over to our host, Jean Fontana. Please go ahead. As a reminder, remarks on this call that do not concern past events are ...

For the quarter ended March 2024, Figs (FIGS) reported revenue of $119.29 million, down 0.8% over the same period last year. EPS came in at $0.01, compared to $0.01 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $117.4 million, representing a surprise of +1.61%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being -$0.01.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission File Number: 001-40448 FIGS, Inc. (Exact Name of Registrant as Specified in its Charter) (State o ...