FIGS: U.S. Market Seems To Be Turning, But The Name Is Still Expensive

Group 1 - FIGS, Inc. reported Q2 '25 results that exceeded expectations on revenue and effectively managed operating expenses, indicating positive operational developments [1] - There is a noticeable improvement in the demand for U.S. core scrubs, suggesting a potential turnaround in this segment [1] Group 2 - The analysis emphasizes a long-only investment approach, focusing on operational aspects and long-term earnings potential rather than market-driven dynamics [1] - The investment strategy involves holding companies for the long term, with a preference for a small fraction of companies being classified as buys at any given time [1]