FIGS Releases Third Quarter 2024 Financial Results
FIGS, Inc. Class A (FIGS)
Company Research
Source: Business Wire
Completed State-of-the-Art Fulfillment Center TransitionAnnounces Minority Investment in OOG, Inc., A New Online Platform for Healthcare ProfessionalsUpdates Full Year 2024 Outlook SANTA MONICA, Calif.--(BUSINESS WIRE)--FIGS, Inc. (NYSE: FIGS) (the “Company”), the global leading healthcare apparel brand dedicated to improving the lives of healthcare professionals, today released its third quarter 2024 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results.Third Quarter 2024 Financial HighlightsNet revenues(1) were $140.2 million, a decrease of 1.5% year over year, due to a decrease in average order value (“AOV”),(2) partially offset by an increase in orders from existing customers.Gross margin was 67.1%, a decrease of 1.3% year over year, primarily from higher discounted sales and, to a lesser extent, product mix shift related to limited edition scrubwear.Operating expenses were $102.7 mi
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News
- FIGS, Inc. (NYSE: FIGS) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $7.00 price target on the stock.MarketBeat
- FIGS, Inc. (NYSE: FIGS) had its price target lowered by analysts at Barclays PLC from $5.00 to $4.00. They now have an "equal weight" rating on the stock.MarketBeat
- FIGS Inc (FIGS) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic Initiatives [Yahoo! Finance]Yahoo! Finance
- Figs (FIGS) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
- FIGS, Inc. (NYSE: FIGS) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $7.00 price target on the stock.MarketBeat
FIGS
Earnings
- 11/7/24 - In-Line
FIGS
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/14/24 - Form SCHEDULE
- FIGS's page on the SEC website