FIGS ( (FIGS) ) has issued an update.
On February 27, 2025, FIGS announced a $50 million increase in its share repurchase program, bringing the total authorization to $100 million. This move is part of the company’s strategy to return value to shareholders and reflects confidence in its financial position. The company reported mixed financial results for 2024, with a 1.8% increase in net revenues driven by existing customer orders, despite a decrease in average order value. International sales saw significant growth, while U.S. revenues slightly declined. Operating expenses rose due to higher costs at a new fulfillment center and marketing expenses. FIGS plans to focus on product innovation and reducing reliance on promotions to support long-term brand health.
More about FIGS
FIGS, Inc. is a leading global healthcare apparel brand focused on enhancing the lives of healthcare professionals. The company specializes in healthcare apparel, primarily scrubwear, and aims to drive long-term growth through product innovation and community engagement.
YTD Price Performance: -3.23%
Average Trading Volume: 2,131,704
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $967.9M
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