US' Figs’ net revenues increase 4.7% to $124.9 mn in Q1 FY25
Figs has reported Q1 net revenues of $124.9 million, up 4.7 per cent year-over-year, driven by higher AOV and returning US growth. Scrubwear and non-scrubwear revenues rose 4.9 per cent and 3.8 per cent, respectively. Gross margin declined to 67.6 per cent due to product mix and freight costs. Operating expenses rose 3.6 per cent but decreased as a percentage of revenue.
Figs has reported Q1 net revenues of $124.9 million, up 4.7 per cent year-over-year, driven by higher AOV and returning US growth.
Scrubwear and non-scrubwear revenues rose 4.9 per cent and 3.8 per cent, respectively.
Gross margin declined to 67.6 per cent due to product mix and freight costs.
Operating expenses rose 3.6 per cent but decreased as a percentage of revenue.
