FIGS Stock Recent News

Medical apparel brand Figs is outfitting 250+ Team USA healthcare professionals at the Paris Olympics.

SANTA MONICA, Calif.--(BUSINESS WIRE)--FIGS, Inc. (NYSE: FIGS), the renowned medical apparel brand, today announced the appointment of Sarah Oughtred as the Company's new Chief Financial Officer. To facilitate a smooth transition, Ms. Oughtred will join FIGS on July 29, 2024, and will become FIGS' Chief Financial Officer, effective August 9, 2024. Ms. Oughtred will lead all aspects of finance, including FP&A and accounting, and will also lead data analytics. “I am thrilled to welcome Sarah.

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SANTA MONICA, Calif.--(BUSINESS WIRE)--FIGS, Inc. (NYSE: FIGS), the global leading healthcare apparel brand dedicated to improving the lives of healthcare professionals, today announced that Trina Spear, Chief Executive Officer and Co-Founder, is scheduled to participate in a fireside chat at the Oppenheimer Annual Consumer Growth and E-Commerce Conference on Wednesday, June 12, 2024, at 12:45 p.m. ET. The audio portion of the fireside chat will be webcast live over the internet and can be acce.

SANTA MONICA, Calif.--(BUSINESS WIRE)--FIGS, Inc. (NYSE: FIGS), the global leading healthcare apparel brand dedicated to improving the lives of healthcare professionals, today announced that Trina Spear, Chief Executive Officer and Co-Founder, is scheduled to participate in a fireside chat at the TD Cowen Future of the Consumer Conference on Tuesday, June 4, 2024, at 8:40 a.m. ET. The audio portion of the fireside chat will be webcast live over the internet and can be accessed at https://ir.wea.

FIGS is a popular retailer known for its fashionable and high-quality scrubs. The company has gained a strong reputation for its innovative designs and comfortable fabrics. However, the company has stopped growing and is unable to post reasonable operating margins. Competition might make profitability even harder to attain in the future. In this article, I review 1Q24 earnings. The results were unimpressive, with more investments in marketing and product that did not translate to growth.

FIGS, Inc. (NYSE:FIGS ) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Jean Fontana - SVP, IR Trina Spear - Co-Founder and CEO Kevin Fosty - Interim CFO Conference Call 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 Operator Good afternoon. Thank you for attending today's FIGS First Quarter 2024 Earnings Conference Call.

Although the revenue and EPS for Figs (FIGS) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Besides Wall Street's top -and-bottom-line estimates for Figs (FIGS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.

Figs surpassed management's guidance but fell short of Wall Street's expectations nevertheless. The company is in good financial shape, and the stock is cheap, but Figs needs to get back to growth.