FIGS Updates FY 2024 Outlook, Announces Minority Investment

Exec Edge

08 Nov 2024

By Karen Roman

Healthcare apparel brand FIGS, Inc. (NYSE: FIGS) said it expects flat net revenue growth and an adjusted EBITDA margin around 8% for fiscal year 2024.

Net revenue was $140.2 million in the third quarter, down 1.5%, while gross margin was 67.1% due to higher discounted sales, it said.

The company also announced a $25 million minority investment in OOG, Inc., a new online platform for healthcare professionals.

“The third quarter included several key investments to support and scale FIGS, highlighted by our incredible Olympics campaign with the Team USA Medical Team and the completed transition of our fulfillment center to a state-of-the-art, highly-automated facility,” said Trina Spear, FIGS’ CEO and co-founder.

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Executives-Edge.com

Editor@executives-edge.com

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(NYSE: FIGS) said it expects flat net revenue growth and an adjusted EBITDA margin around 8% for fiscal year 2024.\nNet revenue was $140.2 million in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/figs-updates-fy-2024-outlook-235840527.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4198","symbol_name":"医疗保健用品","start_time":0,"source_url":"https://finance.yahoo.com/news/figs-updates-fy-2024-outlook-235840527.html","article_id":"2481616095","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/MAGFaHW2IPas0jn7XiSftw--~B/aD03NzM7dz02OTY7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/exec_edge_220/cbc97e1815b140b01a82ebaa2a53ba60"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481616095","pubTimestamp":1731023920,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Healthcare apparel brand FIGS, Inc.  said it expects flat net revenue growth and an adjusted EBITDA margin around 8% for fiscal year 2024.Net revenue was $140.2 million in the third quarter, down 1.5%, while gross margin was 67.1% due to higher discounted sales, it said.The company also announced a $25 million minority investment in OOG, Inc., a new online platform for healthcare professionals.“The third quarter included several key investments to support and scale FIGS, highlighted by our incredible Olympics campaign with the Team USA Medical Team and the completed transition of our fulfillment center to a state-of-the-art, highly-automated facility,” said Trina Spear, FIGS’ CEO and co-founder.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4198":"医疗保健用品","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","BK4539":"次新股","BK4202":"服装、服饰与奢侈品","BK4535":"淡马锡持仓","FIGS":"FIGS, Inc.","BK4561":"索罗斯持仓"},"translate_title":"FIGS更新2024财年展望，宣布少数股权投资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FIGS":1},"content_text":"By Karen Roman\nHealthcare apparel brand FIGS, Inc. (NYSE: FIGS) said it expects flat net revenue growth and an adjusted EBITDA margin around 8% for fiscal year 2024.\nNet revenue was $140.2 million in the third quarter, down 1.5%, while gross margin was 67.1% due to higher discounted sales, it said.\nThe company also announced a $25 million minority investment in OOG, Inc., a new online platform for healthcare professionals.\n“The third quarter included several key investments to support and scale FIGS, highlighted by our incredible Olympics campaign with the Team USA Medical Team and the completed transition of our fulfillment center to a state-of-the-art, highly-automated facility,” said Trina Spear, FIGS’ CEO and co-founder.\nContact:\nExecutives-Edge.com\nEditor@executives-edge.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}