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FIGS, Inc. - FIGS STOCK NEWS

Welcome to our dedicated page for FIGS news (Ticker: FIGS), a resource for investors and traders seeking the latest updates and insights on FIGS stock.

FIGS, Inc. (FIGS) is a pioneering healthcare apparel company revolutionizing the traditional $10 billion medical apparel industry. Known for its focus on innovation, FIGS utilizes premium fabrics that are not only ridiculously soft but also highly functional. Their scrubs are anti-microbial, wrinkle-resistant, stain-repellent, lint-free, and offer four-way stretch, ensuring comfort and durability for medical professionals.

FIGS operates through a customer-centric, vertically integrated e-commerce platform, transforming the way healthcare professionals shop for their apparel. This approach has streamlined the purchasing process, making it more efficient and user-friendly.

A key initiative of the company is Threads for Threads, where for every set of scrubs sold, FIGS donates a set to a healthcare provider in need. This initiative underscores the company's commitment to social responsibility.

FIGS has successfully raised over $10 million in capital from prominent investors, including Campfire Capital, JH Partners, Mohr Davidow Ventures, Irving Place Capital, Raptor Ventures, Karlin Ventures, Riverwood Capital, 500 Startups, Suffolk Equity Partners, the Milken Family, Will Smith, Peter Morton, Steve Tisch, and John Fisher. This financial backing has enabled the company to expand its product offerings beyond scrubs to include outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.

The company’s products are primarily marketed and sold within the United States through its digital platforms, ensuring a wide reach and accessibility for its customers. FIGS continues to innovate and expand its product lines to meet the evolving needs of healthcare professionals.

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FIGS (NYSE: FIGS), the leading global medical apparel brand, has launched its largest campaign to date, honoring the Team USA Medical Team at the Olympic and Paralympic Games Paris 2024. As the first brand to outfit over 250 healthcare professionals supporting Team USA athletes, FIGS is making history in healthcare and sports.

The campaign features an anthemic film titled 'Anatomy of a Champion', showcasing the USA Medical Team as builders of record-breaking bodies. FIGS has also released a -edition FIGS x Team USA collection of scrubs, available for purchase. The campaign will air across North American channels and NBCUniversal platforms, with additional out-of-home placements in major cities.

FIGS plans to host public events, including an Opening Ceremony Fête in New York City and a pop-up in Philadelphia. The initiative aims to celebrate healthcare professionals and inspire a new generation to pursue careers in healthcare.

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FIGS, a leader in medical apparel, has announced the appointment of Sarah Oughtred as its new Chief Financial Officer (CFO). Oughtred, who will join FIGS on July 29, 2024, and officially assume the CFO role on August 9, 2024, brings nearly 17 years of experience from lululemon. During her tenure at lululemon, she significantly contributed to the company's financial growth, scaling net revenues from $270 million to approximately $10 billion and expanding its global presence. FIGS CEO Trina Spear expressed excitement about Oughtred's appointment, highlighting her expertise in driving growth and profitability. Oughtred also expressed enthusiasm for joining FIGS, recognizing its innovative impact on the healthcare apparel industry and its potential for further growth through product innovation, global expansion, and retail presence.

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FIGS, a leading healthcare apparel brand, announced that CEO and Co-Founder Trina Spear will participate in the Oppenheimer Annual Consumer Growth and E-Commerce Conference. Scheduled for June 12, 2024, at 12:45 p.m. ET, the event will feature a live webcast of the fireside chat, accessible through FIGS' investor relations website. An archive of the webcast will remain available online for 90 days post-event.

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FIGS, a global leader in healthcare apparel, announced that CEO and Co-Founder Trina Spear will participate in the TD Cowen Future of the Consumer Conference on June 4, 2024, at 8:40 a.m. ET. The event will feature a fireside chat, which will be webcast live and accessible via the FIGS investor relations website. An online archive of the webcast will remain available for 90 days following the event.

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FIGS (NYSE: FIGS) has secured a multi-year agreement with the U.S. Olympic & Paralympic Committee (USOPC) and LA28 Olympic & Paralympic Games. This partnership will see FIGS outfitting over 250 healthcare professionals supporting Team USA at the 2024 and 2028 Olympic and Paralympic Games. FIGS will launch a -edition, Team USA-inspired collection in July, featuring red, white, and blue palettes with Team USA emblems. CEO Trina Spear highlighted the importance of supporting healthcare professionals. The collaboration will be celebrated with events in Paris and New York City. The collection will be available on wearFIGS.com.

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FIGS, Inc. released its first quarter 2024 financial results showing net revenues hitting the upper end of expectations with adjusted EBITDA exceeding guidance. The company observed improved momentum in business, especially in repeat frequency trends. Despite a slight decrease in net revenues, the gross margin decreased primarily due to a product mix shift. Operating expenses were down year over year, leading to a decrease in net income and adjusted net income. Adjusted EBITDA also decreased, but active customers increased by 8.7%. The company is raising its full-year net revenues outlook while revising the adjusted EBITDA margin outlook. Financial highlights show a positive outlook for growth and strong free cash flow to support sustainable profitable growth.

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FIGS, Inc. (NYSE: FIGS) has announced the date for its first quarter 2024 earnings release, conference call, and webcast. The financial results will be released on May 9, 2024, after the U.S. markets close, with a conference call scheduled at 2:00 p.m. PT / 5:00 p.m. ET to discuss the results and outlook. A financial highlights presentation will be available on the investor relations website. Investors can access the live call and webcast for more details.
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Loop partners with FIGS for 'Scrubs That Don't Suck' recycling campaign, leveraging Loop's returns solution to enhance sustainability and customer experience. The program sees rapid success with thousands of customer submissions in the first week, showcasing FIGS' commitment to environmental efforts.
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FIGS, Inc. (NYSE: FIGS) releases its 2023 Impact Report showcasing efforts to positively impact healthcare professionals, including donations totaling nearly $600,000 to various organizations and initiatives worldwide.
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FIGS, Inc. CFO to participate in a fireside chat at the 36th Annual Roth Conference. The chat will be webcast live and available for 90 days on the company's website.
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FAQ

What is FIGS, Inc. known for?

FIGS, Inc. is known for revolutionizing the medical apparel industry with premium, functional scrubs and healthcare apparel.

What are the key features of FIGS medical apparel?

FIGS medical apparel is anti-microbial, wrinkle-resistant, stain-repellent, lint-free, and offers four-way stretch.

How does FIGS sell its products?

FIGS sells its products primarily through its customer-centric, vertically integrated e-commerce platform.

What is the Threads for Threads initiative?

Through the Threads for Threads initiative, FIGS donates a set of scrubs to a healthcare provider in need for every set sold.

Who are some of FIGS' investors?

FIGS’ investors include Campfire Capital, JH Partners, Mohr Davidow Ventures, Irving Place Capital, Raptor Ventures, and others.

What other products does FIGS offer besides scrubs?

FIGS offers outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.

Where are FIGS products marketed and sold?

FIGS products are primarily marketed and sold in the United States via their digital platforms.

How has FIGS transformed the way medical professionals shop?

FIGS has streamlined the shopping process for medical professionals through its efficient and user-friendly e-commerce platform.

What is unique about FIGS' fabric technology?

FIGS' fabric technology includes features like anti-microbial properties, wrinkle resistance, stain repellence, lint-free quality, and four-way stretch.

How does FIGS support social responsibility?

FIGS supports social responsibility through its Threads for Threads initiative, donating scrubs to healthcare providers in need.

FIGS, Inc.

NYSE:FIGS

FIGS Rankings

FIGS Stock Data

1.06B
161.94M
20.82%
77.76%
9.45%
Surgical and Medical Instrument Manufacturing
Manufacturing
Link
United States of America
SANTA MONICA