Figs' Q3: Strong Results, Flat Revenue Outlook

Figs, a healthcare apparel company, reported a strong third quarter with sales of $151.7 million, an 8.2% increase from last year, and a non-GAAP profit of $0.05 per share, surpassing analyst predictions. The companys stock surged by 16.2% following the news. Figs also saw a 18,000 increase in its active customer base, now totaling 2.78 million. Despite these positive results, analysts project flat revenue over the next year, indicating potential demand challenges.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.