Figs Eyes 9.2% Q4 Revenue Growth After 8.2% Q3 Gain
FIGS reported Q3 revenue of $151.7 million, up 8.2% year-on-year, with 2.78 million active customers, up 4% year-on-year. Analysts expect Q4 revenue to rise 9.2% year-on-year versus 4.8% a year ago, while shares are down 4.5% over one month against an average price target of $10.42.
1. Q3 Performance Highlights
Figs delivered Q3 revenue of $151.7 million, marking an 8.2% year-on-year increase, and recorded 2.78 million active customers, up 4% year-on-year. The company also beat consensus EPS and EBITDA estimates, driving positive momentum ahead of the upcoming report.
2. Q4 Revenue Forecast and Trends
For Q4, analysts project revenue growth of 9.2% year-on-year, up from a 4.8% increase in the same quarter last year. Estimates have remained stable over the past 30 days, suggesting confidence in sustained top-line momentum.
3. Analyst Reconfirmations and Revenue Miss History
Although analysts have reconfirmed their forecasts, Figs has missed Wall Street’s revenue estimates multiple times over the past two years. This track record underscores the importance of delivery on its next earnings announcement.
4. Stock Movement and Peer Context
Figs shares have declined 4.5% over the past month, compared with a 2.3% average drop among apparel peers. Recent Q4 reports from Tapestry (+14% revenue growth) and Under Armour (-5.2%) highlight the sector’s divergent post-earnings reactions.