Shares of healthcare apparel company Figs (FIGS -16.42%) plunged on Thursday after the company reported financial results for the fourth quarter of 2023. As of noon ET, Figs stock was down about 15%. This former market darling is now down 90% from its all-time high in 2021.A tale of two expectations for FigsIn the previous quarter, Figs' management said it expected full-year 2023 revenue to be down 8.5% from 2022. But Q4 net revenues of $145 million came in better than management's guidance. Full-year net r ...

FIGS, Inc. (NYSE:FIGS) Q4 2023 Earnings Conference Call February 28, 2024 5:00 PM ET Company Participants Jean Fontana – Senior Vice President-Investor Relations Trina Spear – Co-Founder and Chief Executive Officer Daniella Turenshine – Chief Financial Officer Kevin Fosty – Corporate Controller Conference Call Participants Brian Nagel – Oppenheimer Edward Yruma – Piper Sandler Brooke Roach – Goldman Sachs Dana Telsey – Telsey Advisory Group John Kernan – TD Cowen Josh Reiss – Raymond James Matt Koranda – Ro ...

For the quarter ended December 2023, Figs (FIGS) reported revenue of $144.92 million, up 0% over the same period last year. EPS came in at $0.05, compared to $0.05 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $149.64 million, representing a surprise of -3.15%. The company delivered an EPS surprise of +150.00%, with the consensus EPS estimate being $0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

1 To celebrate, empower & serve those who serve others This presentation also contains estimates and other statistical data relating to the Company's industry and estimated total addressable market. Such estimates and data are based on studies, publications, and surveys obtained from third-party sources and the Company's own internal estimates and research. While the Company believes these third-party sources and the Company's internal estimates and own research to be reliable as of the date of this present ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this health care apparel company would post earnings of $0.02 per share when it actually produced earnings of $0.03, delivering a surprise of 50%.Over the last four quarters, the comp ...

FIGS Releases Fourth Quarter and Full Year 2023 Financial Results 2023 Net Revenues Growth of 7.9% YoY, Net Income of $22.6 million, Net Income Margin of 4.1% and Adjusted EBITDA Margin of 15.8% Fourth quarter and full year 2023 financial results reflect a $4.7 million accounting reclassification between net revenues and selling expense related to duty subsidies for customers in Canada (the "Reclassification"). • Net revenues were $144.9 million, flat year over year. The Reclassification negatively impacted ...

32 Table of Contents transaction volume, as well as surges in online traffic and orders associated with promotional activities or seasonal trends in our business, place additional demands on our technology platform and could cause or exacerbate slowdowns or interruptions. If there is a substantial increase in the volume of traffic on our website or the number of orders placed by customers, we will be required to further expand, scale and upgrade our IT Systems. There can be no assurance that we will be able ...

SANTA MONICA, Calif.--(BUSINESS WIRE)--FIGS, Inc. (NYSE: FIGS), the direct-to-consumer apparel and lifestyle brand dedicated to the healthcare community, today announced it will release its fourth quarter and full year 2023 financial results on Wednesday, February 28, 2024, after U.S. markets close. FIGS management will host a conference call that day at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial and business results and outlook. Prior to the call, FIGS will publish a fourth quarter and full year ...

Investors looking for stocks in the Retail - Apparel and Shoes sector might want to consider either Gap (GPS) or Figs (FIGS) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks ...

FIGS, Inc. (NYSE:FIGS) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Jean Fontana - Investor Relations Trina Spear - Co-Founder and Chief Executive Officer Daniella Turenshine - Chief Financial Officer Conference Call Participants Brooke Roach - Goldman Dana Telsey - Telsey Advisory Group John Kernan - TD Cowen Alice Xiao - Bank of America Adrienne Yih - Barclays Rick Patel - Raymond James Matt Koranda - ROTH MKM William Dossett - Oppenheimer Operator Good afternoon. Than ...