FIGS Releases First Quarter 2024 Financial Results
FIGS, Inc. (NYSE: FIGS) (the “Company”), the global leading healthcare apparel brand dedicated to improving the lives of healthcare professionals, today released its first quarter 2024 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results.
- FIGS, Inc. (NYSE: FIGS) (the “Company”), the global leading healthcare apparel brand dedicated to improving the lives of healthcare professionals, today released its first quarter 2024 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results.
- Importantly, we saw improved momentum in our business, particularly in repeat frequency trends, toward the end of the first quarter and into the second.
- (2) First quarter 2024 net revenues results reflect $1.4 million in international duty subsidies recorded as contra revenue, whereas international duty subsidies were recorded in selling expense in first quarter 2023.
- (5) Net revenues per active customer and AOV results for the first quarter 2024 each reflect international duty subsidies recorded as contra revenue, which were not reflected in the results for these metrics for first quarter 2023.