FIGS - Clothing Company FIGS' Solid Active Customer Base Boosts Q3 Profits & Guidance | Benzinga
Healthcare apparel and lifestyle brand FIGS, Inc (NYSE: FIGS) reported third-quarter FY23 sales growth of 11% year-on-year to $142.36 million, beating the analyst consensus estimate of $131.51 million.
The revenue rise was driven by increased orders from existing and new customers and, to a lesser extent, an increase in average order value.
Gross profit rose 7.2% to $97.4 million, and the gross margin contracted by 220 basis points to 68.4%.
Operating ...