By Kelly Cloonan
Figs boosted its full-year guidance after logging higher profit and sales for its latest quarter, driven by more orders at a higher average value.
The healthcare apparel brand said Thursday it now expects a low-single-digit revenue increase for the full year, compared to its prior view for a low-single-digit decline. Analysts polled by FactSet expect sales down 1%.
Figs now forecasts an adjusted earnings before interest, taxes, depreciation and amortization margin of 8.5% to 9%, up from its previous guidance of 7.5% to 8.5%.
Chief Executive Trina Spear said the company continues to move past a COVID-19 overhang toward more normalized purchasing and replenishment trends, which should drive further top-line growth.
The updated outlook comes after Figs posted a profit of $7.1 million, or 4 cents a share, compared with $1.1 million, or 1 cent a share, a year earlier. Analysts polled by FactSet expected 2 cents a share.
Revenue rose 5.8% to $152.6 million, topping analyst estimates of $144.2 million.
The increase was primarily due to an rise in orders from new and existing customers and higher average order value, the company said.
Shares rose 8.4% to $7.10 in after-hours trading.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
August 07, 2025 19:07 ET (23:07 GMT)
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