FIGS Beats Earnings as Demand Outstrips Supply, CEO Trina Spear Says
· bloomberg.com · popularity 38/100 · 0 similar stories today · Entrepreneurship & Startups (Business & Finance)
Read the original at bloomberg.com →
Summary
FIGS reported third-quarter top- and bottom-line results above expectations, with revenue of $190.7 million versus an estimate of $182.8 million. The company logged a fourth consecutive quarter of at least 25% revenue growth; non-scrubwear revenue rose 35%, and international revenue also increased. CEO and co-founder Trina Spear said health care professionals are expanding their FIGS purchases beyond scrubs to items such as underscrubs, compression socks and outerwear, for work and off-duty wear. She speaks with Romaine Bostick & Kailey Leinz on "The Close." (Source: Bloomberg)
Found in: Bloomberg Markets. Rating basis: single outlet; outlet tier 5; 1 feeds; feed position 9.