By Elias Schisgall
Shares of Figs climbed after the company blew past Wall Street estimates in the fourth quarter and said it expects revenue growth in the current year, even despite President Trump's new push for 15% global tariffs.
Shares were up 17% to $14.53 midday Friday. The stock has gained more than one-and-a-half times its value in the past year.
The healthcare apparel company on Thursday recorded a profit of $18.5 million, or 10 cents a share, compared with a profit of $1.9 million, or one cent a share, a year earlier.
Revenue jumped to $201.9 million, up from $151.8 million a year prior.
Analysts polled by FactSet were expecting earnings of two cents a share and $165.3 million in revenue.
For the current year, the company is expecting revenue to grow between 10% and 12%. It expects growth in the low-20% range during the first quarter.
"At the same time, we expect increased profitability, even with the latest announcement calling for 15% global tariffs," Chief Financial Officer Sarah Oughtred said.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
February 27, 2026 12:07 ET (17:07 GMT)
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