Figs Shares Drop 28% to $11.06
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
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Should l Buy FIGS?
Figs is down -28.0%, or -$4.31 to $11.06.
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Analyst Views on FIGS
Wall Street analysts forecast FIGS stock price to fall
5 Analyst Rating
2 Buy
2 Hold
1 Sell
Hold
Current: 11.630
Low
7.50
Averages
10.70
High
15.00
Current: 11.630
Low
7.50
Averages
10.70
High
15.00
About FIGS
FIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle brand. The Company sells products designed to serve the particular needs of healthcare professionals primarily through its direct-to-consumer (DTC) digital platform, consisting of its Website, mobile app and B2B business (TEAMS). Its offerings include scrubwear and non-scrubwear, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel. Its non-scrubwear products are designed as an integrated system that complements its scrubwear and are comprised of base layer and outer layer products. Its underscrubs include sports bras, performance leggings, performance tops and super-soft pima cotton tops. Its under underscrubs include several styles of underwear. Its outer layer products include footwear, lab coats, and a variety of vests, jackets, and fleeces. The Company also offers necessities, such as scrub caps, lanyards, badge reels, tote bags, baseball caps, and beanies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strong Sales Growth: Despite a robust 28% sales growth in Q1, with scrubwear up 27% and non-scrubwear up 31%, investor disappointment over future guidance led to a significant stock price drop.
- Cost Management: Figs managed to keep operating costs up only 23%, slower than sales growth, while gross margin slightly improved to 65.09%, showcasing effective cost control, although overall profitability remains a concern.
- Conservative Guidance: Figs' guidance for 2026 sales growth of only 14% to 16% is lower than the Q1 growth rate, though it exceeds Wall Street's expectation of 12%, yet investor concerns about future growth prospects have resulted in substantial stock volatility.
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- Akamai Stock Surge: Shares of Akamai Technologies soared 27% after a leading U.S. frontier model provider committed to a $1.8 billion investment over seven years for its Cloud Infrastructure Services, enhancing market confidence and potentially driving future revenue growth.
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- Microchip Earnings Beat: Microchip Technology's stock rose 3% following a fiscal fourth-quarter report that exceeded earnings and revenue expectations, with projected first-quarter revenue between $1.44 billion and nearly $1.47 billion, indicating strong performance in the semiconductor sector.
- Upwork Restructuring Plan: Upwork's announcement of a 24% workforce reduction to maintain profitability led to a 23% drop in its stock price, despite slightly lower-than-expected first-quarter earnings and revenue, showcasing the company's strategic response to evolving market conditions.
See More
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- Significant Revenue Growth: FIGS reported Q1 net revenues of $159.9 million, reflecting a 28% year-over-year increase that exceeded market expectations, indicating strong momentum in customer growth and market expansion, with full-year revenue growth outlook raised to 14%-16%.
- Customer Base Expansion: The company surpassed 3 million active customers for the first time, demonstrating significant progress in attracting new customers and improving retention, further solidifying its leadership position in the medical apparel market.
- International Market Expansion: FIGS saw a 50% year-over-year increase in international net revenue, now operating in 85 international markets after successfully opening 15 new markets in Europe and an additional 12 in Asia Pacific, showcasing the effectiveness of its globalization strategy and strong market demand.
- Profitability Improvement: The adjusted EBITDA margin for Q1 increased to 8.7%, up from 7.3% last year, while the company plans to continue enhancing operating margins in the coming quarters, reflecting strong profitability and sustainable growth potential.
See More
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See More
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- Trade Desk Stock Plummet: Trade Desk's shares plummeted 14% as its current-quarter revenue guidance fell short of analyst expectations, highlighting intensified competition in the advertising technology sector that may impact the company's future market share.
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