FIGS, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 09:25 pm
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FIGS, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 138.13 million compared to USD 122.25 million a year ago. Net income was USD 4.58 million compared to USD 4.85 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.03 a year ago.
For the six months, sales was USD 258.36 million compared to USD 232.35 million a year ago. Net income was USD 6.49 million compared to USD 13.75 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.07 a year ago.
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. It also offers necessities, such as scrub caps, lanyards, badge reels, tote bags, baseball caps and beanies.