Why Figs Stock Was Tumbling Today
FIGSFIGS(FIGS) The Motley Fool·2024-08-10 04:07

The healthcare apparel company issued another disappointing earnings report. Shares of Figs (FIGS -13.99%) were taking a dive today after the apparel company best known for scrubs for healthcare workers posted disappointing second-quarter results, including a decline in profits. As of 2:42 p.m. ET, the stock was down 12.5% on the news. Figs' challenges continue Figs, which calls itself the largest direct-to-consumer platform in healthcare apparel, said that revenue increased 4.4% to $144.2 million, which ma ...