Why Figs Stock Was Tumbling Today

By Yahoo! Finance | Aug 9, 2024 at 04:07 PM EST

Figs (NYSE: FIGS) saw a drop in shares due to disappointing second-quarter results, with a decline in profits. Revenue rose but gross margin fell, leading to lower adjusted EBITDA. The company aims for modest growth, raising concerns about its future performance.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.