Healthcare apparel company Figs (NYSE: FIGS) will be reporting earnings this Thursday afternoon. Here’s what you need to know.
Figs beat analysts’ revenue expectations by 5.5% last quarter, reporting revenues of $152.6 million, up 5.8% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates. It reported 2.74 million active customers, up 4.1% year on year.
Is Figs a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Figs’s revenue to grow 1.6% year on year to $142.5 million, a reversal from the 1.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.02 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Figs has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Figs’s peers in the apparel and accessories segment, some have already reported their Q3 results, giving us a hint as to what we can expect. ThredUp delivered year-on-year revenue growth of 33.6%, beating analysts’ expectations by 5.9%, and VF Corp reported a revenue decline of 3.5%, topping estimates by 0.9%. ThredUp traded down 7.6% following the results while VF Corp was also down 12.4%.
Read our full analysis of ThredUp’s results here and VF Corp’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the apparel and accessories stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7% on average over the last month. Figs is up 3.8% during the same time and is heading into earnings with an average analyst price target of $6.74 (compared to the current share price of $7.30).
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