By Stephen Nakrosis
Shares of FIGS, an apparel and lifestyle brand serving the healthcare community, were in the red after hours Wednesday, dropping below a previous 52-week low.
After the bell, the stock was down 15%, to $5.11. The stock touched a 52-week low of $5.15 per share on Nov. 1, 2024.
The company reported fourth-quarter earnings per share of 5 cents on revenue of $144.9 million. In the year-ago period, the company reported EPS of 2 cents on revenue of $144.8 million.
The company said it was expecting 2024 net revenues growth to be down mid single digits to flat compared to 2023.
Also on Wednesday, FIGS said its Chief Financial Officer, Daniella Turenshine, plans to step down to assume a similar role at another company. Turenshine will remain in her role through April 12, and plans to serve as an adviser to ensure a smooth transition, FIGS said.
The company also said it named Kevin Fosty, VP, corporate controller of the company, will take on the role of interim CFO, while the company searches for a successor to Turenshine.
Write to Stephen Nakrosis at [email protected]
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