Figs Inc. (FIGS)
NYSE NYSE Primary 
FIGS, Inc. (FIGS) Q2 2024 Earnings Call Transcript
FIGS, Inc. (NYSE:FIGS ) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants Todd Maron - Investor Relations Trina Spear - Co-Founder and Chief Executive Officer Kevin Fosty - Interim Chief Financial Officer Conference Call Participants Brooke Roach - Goldman Sachs Bob Drbul - Guggenheim Dana Telsey - Telsey Group Adrienne Yih - Barclays Rakesh Patel - Raymond James Chandana Madaka - KeyBanc Matt Koranda - Roth Capital Partners Nathan Feather - Morgan Stanley John Kernan - TD Cowen Brian Nagel - Oppenheimer Operator Good afternoon. Thank you for joining today's FIGS Second Quarter and Fiscal 2024 Earnings Conference Call.
Why Figs Stock Was Tumbling Today
Figs reported another round of sluggish growth. Margins fell due to a shift in product mix and increased marketing expenses.
Compared to Estimates, Figs (FIGS) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Figs (FIGS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Countdown to Figs (FIGS) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
Evaluate the expected performance of Figs (FIGS) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
FIGS' Recent Rally Is Not Justified By Fundamentals, The Stock Is Still A Hold
FIGS is a popular retailer known for its fashionable and high-quality scrubs. The company has gained a strong reputation for its innovative designs and comfortable fabrics. However, the company has stopped growing and is unable to post reasonable operating margins. Competition might make profitability even harder to attain in the future. In this article, I review 1Q24 earnings. The results were unimpressive, with more investments in marketing and product that did not translate to growth.
