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FIGS (FIGS)
NYSE:FIGS
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
>-0.01Last Year’s EPS
0.01Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -12.90%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant achievements in international growth and a strong cash position but faced challenges in customer acquisition and gross margin pressure. The decision to shift promotional strategies is expected to have a negative impact on near-term revenue but is aimed at long-term brand health. The sentiment reflects a cautious optimism with a focus on strategic adjustments for future growth.Company Guidance
During the FIGS Fourth Quarter Fiscal 2024 Earnings Conference Call, guidance for fiscal 2025 was provided with a focus on two key principles: prioritizing and rebase efforts, and investing with conviction in growth opportunities. The company expects net revenues to decline in the low single-digit range, influenced by a deliberate reduction in promotional activities. Gross margins are anticipated to remain flat at approximately 67.6%, while adjusted EBITDA margins are projected between 9% and 9.5%. FIGS plans to focus on increasing brand awareness and customer engagement, capitalizing on growth in international markets, teams, and retail channels, and leveraging the recently introduced FORMx fabric and other product innovations. The company also highlighted improvements in inventory management, with inventory levels down 3% year-over-year, and plans to strategically grow inventory in response to customer demand, expecting inventory growth to modestly outpace revenue growth during the year.Record Net Revenue Achievement
Net revenue reached a record $555.6 million for fiscal year 2024, marking an increase of 2% year-over-year.
International Business Growth
International business grew 45% for the quarter, representing 16% of net revenues, an all-time high for the brand.
Strong Cash Position
The company ended the year with over $245 million in net cash and investments, supported by positive operating cash flow of approximately $81 million.
Scrubwear and Non-Scrubwear Growth
Scrubwear was positive for the third straight quarter, and non-scrubwear saw strong growth after a previous downturn.
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FIGS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FIGS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $5.58 | $4.57 | -18.10% |
| Nov 07, 2024 | $6.67 | $4.78 | -28.34% |
| Aug 08, 2024 | $5.72 | $4.92 | -13.99% |
| May 09, 2024 | $5.62 | $5.39 | -4.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FIGS (FIGS) report earnings?
FIGS (FIGS) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is FIGS (FIGS) earnings time?
FIGS (FIGS) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FIGS EPS forecast?
FIGS EPS forecast for the fiscal quarter 2025 (Q1) is >-0.01.
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