Figs Shares Rise After Jump in 2Q Profit, Revenue

Dow Jones08-07

Shares of Figs rose after the healthcare apparel brand posted a jump in second-quarter profit and revenue.

The stock was up over 27% to $14.33 in after-hours trading. Shares closed at $11.24 on Thursday.

The company reported net income of $28.4 million, or 15 cents a share, compared with $7.1 million, or 4 cents a share, a year earlier.

Revenue rose 29% to $196.6 million. Analysts polled by FactSet expected $186.2 million.

Chief Executive Trina Spear said there was broad base growth across categories, geographies and channels.

For fiscal 2026, the company forecast revenue to be up approximately 20% compared with a year earlier.

Chief Financial Officer Sarah Oughtred said the company was layering in increased expectations for the second half of the year and looked to align its confidence with shareholder returns.

The board approved a $100 million share repurchase program.

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