FIGS(FIGS) - 2023 Q2 - Earnings Call Transcript
FIGS(FIGS)2023-08-06 11:17
Ed Yruma Trina Spear And to your question on the gross margin outperformance, we're really pleased with the results that we saw in the quarter. We delivered better than expected gross margin due to ocean freight, as you mentioned, but also product mix and also lower air freight utilization than we anticipated. We are expecting that ocean freight benefit to have less of an impact in the second half as we're materially bringing down the number of receipts that we're bringing in. But we do expect to see that o ...