|Bid||12.20 x 1200|
|Ask||13.20 x 1100|
|Day's range||12.07 - 12.91|
|52-week range||6.93 - 48.63|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||63.75|
|Earnings date||04 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||14.59|
With a potential recession on the horizon and inflation at its highest point in years, many investors are concerned about the performance of consumer discretionary companies. These businesses sell nice-to-have products, so when consumer budgets tighten, demand should decline -- at least in theory. Figs, the provider of high-quality scrubs for healthcare workers, had a widely positive second-quarter earnings report. The primary driver of this was Figs' loyal customers.
Presenting on today's call are Trina Spear, our chief executive officer; and Daniella Turenshine, our chief financial officer. As a reminder, remarks on this call that do not concern past events are forward-looking statements.
Figs (FIGS) delivered earnings and revenue surprises of 50% and 2.74%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?