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Earnings Call Summary | FIGS Inc(FIGS.US) Q3 2024 Earnings Conference

Earnings Call Summary | FIGS Inc(FIGS.US) Q3 2024 Earnings Conference

業績會重點 | FIGS公司(FIGS.US) 2024年第三季度業績會
富途資訊 ·  2024/12/30 11:39  · 電話會議

The following is a summary of the FIGS, Inc. (FIGS) Q3 2024 Earnings Call Transcript:

以下是FIGS, Inc.(FIGS)2024年第三季度業績發佈會電話會議記錄的總結:

Financial Performance:

財務表現:

  • FIGS reported Q3 2024 net revenues of $140.2 million, a 2% decrease from expectations reflecting challenges particularly in footwear and promotional timing.

  • Gross margin for Q3 contracted by 130 basis points to 67.1%, still ahead of expectations despite challenges.

  • Adjusted EBITDA for Q3 was $4.8 million with an adjusted EBITDA margin of 3.4%, reflecting planned outsized impacts of marketing and fulfillment investments. Net loss for the third quarter was $1.7 million or a diluted EPS loss of $0.01.

  • Capital expenditures for the third quarter totaled $4.2 million, mainly related to the buildout of their new fulfillment center.

  • FIGS報告2024年第三季度營業收入爲$14020萬,比預期下降2%,反映出鞋類和促銷時機方面的挑戰。

  • 第三季度的毛利率收縮了130個點子,降至67.1%,儘管面臨挑戰,仍然高於預期。

  • 第三季度調整後的EBITDA爲$480萬,調整後的EBITDA毛利率爲3.4%,反映了市場營銷和履行投資的計劃性大規模影響。第三季度的淨虧損爲$170萬,攤薄後每股收益損失爲$0.01。

  • 第三季度的資本支出總計$420萬,主要與其新履行中心的建設有關。

Business Progress:

業務進展:

  • FIGS continues its efforts to standardize and elevate fit through consistency and inclusivity.

  • Expansion in the establishment and operational efficiencies of newer fulfillment centers and plans for a new Canadian distribution center in the second half of 2025 are underway.

  • An increase in brand awareness and engagement from their Olympics marketing campaign showcased a robust strategy in community engagement and storytelling, contributing to long-term brand awareness.

  • Onboarding of new leadership roles within the financial team to drive and manage growth initiatives effectively.

  • FIGS繼續努力通過一致性和包容性來標準化和提高合身性。

  • 正在擴展新履行中心的建立和運營效率,並計劃在2025年下半年建立新的加拿大配送中心。

  • 從他們的奧運會營銷活動中增加的品牌認知度和參與度展示了一項強大的社區參與和講故事策略,有助於長期品牌認知。

  • 金融團隊內部新領導角色的引入旨在有效推動和管理增長計劃。

Opportunities:

機會:

  • Promotional and branding strategies, especially those related to big events like the Olympics, have significantly aided in improving brand visibility and engagement.

  • International expansion remains a significant opportunity with only 15% of the business serving over 80% of global healthcare professionals. Continued exploration and expansion into Asian markets like Japan are a priority.

  • The development and growth of TEAMS and Community Hubs, along with targeted strategies for large organizations and international institutions, are key growth areas.

  • 推廣和品牌策略,特別是與大型活動如奧運會相關的策略,顯著幫助改善了品牌的可見度和參與度。

  • 國際擴展仍然是一個重要機會,只有15%的業務服務於超過80%的全球醫療專業人員。繼續探索和擴展到像日本這樣的亞洲市場是優先事項。

  • TEAMS和社區中心的發展與增長,以及針對大型組織和國際機構的有針對性的策略,是關鍵的增長領域。

Risks:

風險:

  • Footwear category faced significant challenges this quarter, including inventory out-of-stocks and exclusion from promotional activities which impacted revenue growth.

  • Exposure to promotional dynamics and shifting consumer spending patterns, as observed from the delayed back-to-school promos and its impact on expected sales.

  • Incremental costs and operational inefficiencies associated with the ramp-up of the new fulfillment center which also affected shipping costs.

  • 鞋類類別在本季度面臨重大挑戰,包括庫存缺貨和未參與促銷活動,影響了營業收入的增長。

  • 促銷動態和消費支出模式的變化,如延遲的返校促銷及其對預期銷售的影響。

  • 與新履行中心的提升相關的增量成本和運營低效,這也影響了交通成本。

More details: FIGS Inc IR

更多詳情:FIGS Inc IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示:欲了解更全面的細節,請參閱IR網站。 文章僅供投資者參考,不構成任何指導或推薦建議。

譯文內容由第三人軟體翻譯。


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