FIGS Releases Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]
FIGS, Inc. Class A (FIGS)
Company Research
Source: Yahoo! Finance
SANTA MONICA, Calif., February 28, 2024 BUSINESS WIRE )--FIGS, Inc. (NYSE: FIGS) (the "Company"), the direct-to-consumer apparel and lifestyle brand dedicated to the healthcare community, today released its fourth quarter and full year 2023 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results/ Fourth quarter and full year 2023 financial results reflect a $4.7 million accounting reclassification between net revenues and selling expense related to duty subsidies for customers in Canada (the "Reclassification"). Fourth Quarter 2023 Financial Highlights Net revenues were $144.9 million, flat year over year. The Reclassification negatively impacted net revenues by $4.7 million. Gross margin was 67.5%, a decrease of 70 basis points year over year. The Reclassification negatively impacted gross margin by 100 basis points. Gross margin benefited from lower air freight utilization, improve
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FIGS
News
- FIGS, Inc. (NYSE: FIGS) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $6.00 price target on the stock.MarketBeat
- FIGS Announces Date of First Quarter 2024 Earnings Release, Conference Call and WebcastBusiness Wire
- Analysts Estimate Figs (FIGS) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- FIGS, Inc. (NYSE: FIGS) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $4.85 to $4.25. They now have a "sell" rating on the stock.MarketBeat
- Loop Provides Returns Solution for FIGS’ “Scrubs That Don’t Suck” Recycling CampaignBusiness Wire
FIGS
Earnings
- 2/28/24 - Beat
FIGS
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- FIGS's page on the SEC website