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) delivers innovative medical apparel through advanced fabric technology and a vertically integrated digital platform. This resource provides investors and healthcare professionals with centralized access to official company announcements and verified news developments.
Track FIGS' strategic initiatives including technical textile advancements, e-commerce platform enhancements, and healthcare sector partnerships. Our aggregation includes earnings disclosures, product line expansions, and operational updates directly affecting the medical apparel market.
Key focus areas mirror FIGS' corporate priorities: antimicrobial fabric research, direct-to-consumer sales metrics, and sustainable manufacturing processes. Users receive timely updates on scrubs market positioning and digital retail innovations without promotional bias.
Bookmark this page for efficient monitoring of FIGS' market movements, including regulatory filings and leadership changes. Combine quarterly financial results with product innovation timelines for comprehensive analysis of this healthcare apparel innovator.
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.
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.
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.
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.
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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