By Kelly Cloonan
Shares of FIGS rose on guidance for full-year revenue growth after the company recorded higher sales in its latest quarter, driven by an increase in orders and average order value.
The stock climbed 12% to $8.43 on Friday. Shares are up 36% this year.
The healthcare apparel brand now expects revenue growth of 7% for the full year, up from its prior outlook for revenue down low-single digits.
The updated outlook comes as third-quarter revenue rose 8.2% to $151.7 million, topping analyst estimates of $142.5 million.
Scrubwear revenue climbed 8.4%, to $127 million, while non-scrubwear revenue rose 7.2% to $24.6 million.
The growth was driven by an increase in orders from both new and existing customers, as well as higher average order value, the company said.
In the quarter, the company swung to a profit of $8.7 million, or 5 cents a share, compared with a loss of $1.7 million or 1 cent a share, a year earlier. Analysts polled by FactSet expected earnings of 2 cents a share.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
November 07, 2025 12:02 ET (17:02 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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