FIGS sees FY24 Revenue Growth Versus 2023 Down Mid-Single Digits To Flat
Portfolio Pulse from Benzinga Newsdesk
FIGS anticipates its FY24 revenue growth to be down mid-single digits to flat compared to 2023, indicating a potential slowdown in growth.
February 28, 2024 | 10:18 pm
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FIGS expects a slowdown in revenue growth for FY24, with projections ranging from a mid-single digit decline to flat growth compared to 2023.
The announcement of expected revenue growth slowing down for FY24 directly impacts FIGS by potentially lowering investor confidence and stock price. The projection of a mid-single digit decline to flat growth compared to the previous year suggests a significant slowdown, which could lead to negative investor sentiment and pressure on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100