Figs Posts $196.6 Million Q2 Revenue, Beating Estimates by 5.6%
Updated
Updated · Yahoo Finance · Aug 15
Figs Posts $196.6 Million Q2 Revenue, Beating Estimates by 5.6%
2 articles · Updated · Yahoo Finance · Aug 15
Summary
$196.6 million in Q2 revenue and $0.11 adjusted EPS topped analyst forecasts of $186.1 million and $0.07, while adjusted EBITDA reached $36.59 million.
28.8% year-on-year sales growth was driven by broad gains across products, channels and geographies, with active customers rising 360,000 to 3.1 million and average order value hitting a record.
17.9% operating margin, up from 6.5% a year earlier, reflected more full-price selling, lower return rates and operational efficiencies, management said.
Jordan supply-chain disruption was contained by shifting production to other partners and expediting shipments, while Figs pointed to international expansion, community hubs and TEAMS sales as early-stage growth drivers.