FIGS Releases Third Quarter 2021 Financial Results; Raises Full Year Net Revenues Outlook
November 10 2021 - 4:05PM
Business Wire
FIGS, Inc. (NYSE: FIGS), a direct-to-consumer healthcare apparel
and lifestyle brand, has released its third quarter 2021 financial
results and posted a letter to shareholders on its investor
relations website at
https://ir.wearfigs.com/financials/quarterly-results/default.aspx.
In its letter to shareholders, FIGS raised its 2021 full year net
revenues outlook to $410 million, compared to its previous outlook
of $395 million.
FIGS management will host a conference call and webcast today at
2:00 p.m. PT / 5:00 p.m. ET to discuss the results and the
company’s business outlook.
FIGS Third Quarter 2021 Earnings and Conference Call:
When: Wednesday, November 10, 2021
Time: 2:00 p.m. PT / 5:00 p.m. ET
Conference ID: 9516228
Live Call: (866) 211-4956 (US) or (873)
415-0263 (International)
Replay: (800) 585-8367 (US) or (416) 621-4642
(International)
(The replay will be available from
approximately two hours after the completion of the live call until
11:59 pm ET on November 17, 2021)
Webcast:
https://ir.wearfigs.com/events-and-presentations/events/default.aspx
About FIGS
FIGS is a founder-led, direct-to-consumer healthcare apparel and
lifestyle brand that seeks to celebrate, empower and serve current
and future generations of healthcare professionals. We create
technically advanced apparel and products for healthcare
professionals that feature an unmatched combination of comfort,
durability, function and style. We market and sell our products
directly through our digital platform to provide a seamless
experience for healthcare professionals.
Forward-Looking Statements
This press release contains forward-looking statements about
FIGS, Inc. (the “Company”) within the meaning of the Private
Securities Litigation Reform Act of 1995, as amended (the “Act”)
that are based on current management expectations, and which
involve substantial risks and uncertainties that could cause actual
results to differ materially from the results expressed in, or
implied by, such forward-looking statements. All statements
contained in this press release that do not relate to matters of
historical fact should be considered forward-looking. These
forward-looking statements generally are identified by the words
“anticipate”, “believe”, “contemplate”, “continue”, “could”,
“estimate”, “expect”, “forecast”, “future”, “intend”, “may”,
“might”, “opportunity”, “outlook”, “plan”, “possible”, “potential”,
“predict”, “project,” “should”, “strategy”, “strive”, “target”,
“will”, or “would”, the negative of these words or other similar
terms or expressions. The absence of these words does not mean that
a statement is not forward-looking. These forward-looking
statements address various matters including the Company’s outlook
and expectations as to net revenues for the full year ended
December 31, 2021, which reflects the Company’s expectations based
upon currently available information and data. Because such
statements are based on expectations as to future financial and
operating results and are not statements of fact, actual results
may differ materially from those projected and you are cautioned
not to place undue reliance on these forward-looking statements.
The following important factors and uncertainties, among others,
could cause actual results to differ materially from those
described in these forward-looking statements: the impact of
COVID-19 on the Company’s operations; the Company’s ability to
maintain its recent rapid growth; the Company’s ability to maintain
profitability; the Company’s ability to maintain the value and
reputation of its brand; the Company’s ability to attract new
customers, retain existing customers, and to maintain or increase
sales to those customers; the success of the Company’s marketing
efforts; the Company’s ability to maintain a strong community of
engaged customers and Ambassadors; negative publicity related to
the Company’s marketing efforts or use of social media; the
Company’s ability to successfully develop and introduce new,
innovative, and updated products; the competitiveness of the market
for healthcare apparel; the Company’s ability to maintain its key
employees; the Company’s ability to attract and retain highly
skilled personnel and senior management; risks associated with
expansion into, and conducting business in, international markets;
changes in, or disruptions to, the Company’s shipping arrangements;
the Company’s ability to accurately forecast customer demand,
manage its inventory, and plan for future expenses; the Company’s
reliance on a limited number of third-party suppliers; the
fluctuating costs of raw materials; the Company’s failure to
protect its intellectual property rights; the fact that the
operations of many of the Company’s suppliers and vendors are
subject to additional risks that are beyond its control; and other
risks, uncertainties, and factors discussed in the “Risk Factors”
section of the Company’s Quarterly Report on Form 10-Q filed with
the Securities and Exchange Commission (“SEC”) on November 10, 2021
and in the Company’s other filings with the SEC. The
forward-looking statements in this press release speak only as of
the time made and the Company does not undertake to update or
revise them to reflect future events or circumstances.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211110005581/en/
Investors: Carrie Gillard IR@wearfigs.com
Media: Todd Maron press@wearfigs.com
FIGS (NYSE:FIGS)
Historical Stock Chart
From Sep 2024 to Oct 2024
FIGS (NYSE:FIGS)
Historical Stock Chart
From Oct 2023 to Oct 2024