Apparel retailer Figs drops after CFO to resign, annual demand forecast

Figs

29/02/2024 11:06

** Apparel retailer Figs  FIGS.N  down ~17% at $4.99
premarket
    ** CFO Daniella Turenshine notified company on Wednesday of
her decision to resign effective April 12
    ** For FY24 expect demand to be impacted by macroeconomic
factors - CEO Trina Spear
    ** Company forecast annual revenue to be down
mid-single-digit pct to flat
    ** Reported Q4 revenue of $144.9 mln vs est $149.6 mln -
LSEG
    ** Posted Q4 adj profit of $0.05/shr vs est $0.02/shr
    ** In 2023, stock rose nearly 3%

 (Reporting by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))