Figs drops to near 4-month low on CFO exit, annual demand forecast

Figs

29/02/2024 16:31

(Updates)
    ** Apparel retailer Figs  FIGS.N  down as much as 18% to
near four-month low of $4.95 
    ** CFO Daniella Turenshine notified company on Wednesday of
her decision to resign effective April 12
    ** For FY24, co expects demand to be impacted by
macroeconomic factors - CEO Trina Spear
    ** If losses hold, stock set for worst day since March, 2023
    ** Company forecast annual revenue to be down
mid-single-digit pct to flat
    ** Reported Q4 revenue of $144.9 mln vs est of $149.6 mln -
LSEG
    ** Posted Q4 adj profit of $0.05/shr vs est of $0.02/shr
    ** In 2023, stock rose nearly 3%

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