FIGS Sees FY23 Net Revenues Growth 5.5%-7.5% YoY
Portfolio Pulse from Happy Mohamed
FIGS Inc. has updated its financial outlook for FY23, expecting a net revenue growth of 5.5% to 7.5% YoY and an adjusted EBITDA margin of 12.5% to 13.5%. The company's CFO, Daniella Turenshine, stated that they delivered better than expected results in Q2 and plan to leverage their strong balance sheet and free cash flow for future growth.
August 04, 2023 | 2:44 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
FIGS Inc. expects a net revenue growth of 5.5% to 7.5% YoY for FY23 and an adjusted EBITDA margin of 12.5% to 13.5%. The company's strong Q2 results and plans for future growth could positively impact its stock.
FIGS Inc.'s updated financial outlook for FY23 indicates a positive growth trajectory. The company's strong Q2 results and plans to leverage its strong balance sheet and free cash flow for future growth could boost investor confidence and positively impact its stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100