$FIGS

Carter's (CRI) stock fell 15.4% post-earnings, trading at $31.98. Figs (FIGS) reported 28.8% revenue growth, beating estimates, with stock up 21.2% at $13.62. Stitch Fix (SFIX) missed EBITDA estimates, stock down 5.9% at $2.66. ThredUp (TDUP) met revenue expectations but missed guidance, stock down 65.8% at $2.15. Oxford Industries (OXM) reported a 2.2% revenue decline, stock down 30.7% at $25.39.

Figs (FIGS) reported Q2 revenue of $196.6M, up 28.8% YoY, beating estimates. Stitch Fix (SFIX) reported $324.4M, up 4.2%, missing EBITDA guidance. Movado (MOV) reported $169.8M, up 4.9%, beating estimates. Columbia Sportswear (COLM) reported $614.4M, up 1.5%, beating EPS but missing guidance. Market focus has shifted from AI to geopolitics.

Figs (FIGS) reported Q2 revenue of $196.6M, up 28.8% YoY, beating estimates. Oxford Industries (OXM) reported $394.4M, down 2.2% YoY, missing EPS guidance. VF Corp (VFC) reported $1.67B, up 1.3% YoY, beating revenue estimates but missing EPS. Under Armour (UAA) reported $1.1B, down 3.2% YoY, missing revenue and full-year EPS guidance.

FIGS stock declined after a rally fueled by positive comments at the Barclays Global Consumer Conference. The company announced strong international growth and a $200M share buyback plan. Analysts maintain a moderate buy rating, citing strong Q2 earnings and long-term growth potential, but warn of risks like supply-chain issues and volatile cash flow.

Analysts updated ratings for consumer cyclical companies. FIGS (FIGS) received Buy ratings with targets of $18.00 (Roth MKM) and $20.00 (Barclays). Casey’s General (CASY) was rated Hold with a $910.00 target (RBC Capital) and downgraded to Hold with an $828.00 target (TipRanks). Royal Caribbean (RCL) maintained Buy with a $362.00 target (Citi).

FIGS reported Q2 2026 earnings with EPS of $0.15, beating expectations, and improved margins. Revenue reached $196.62M, up from the prior year. Management increased share repurchase authorization by $100M to $200M. Analysts project 2029 revenue of $918.9M and earnings of $72.9M, a 21% upside to current price.

U.S. Supreme Court's tariff ruling led to varied accounting approaches by companies. Ouster (OSTR) recognized $5.4M in cost of sales, FIGS booked $16M receivable, and Power Solutions International (PSIX) recorded $22.7M as liability. Lack of guidance results in differing balance sheets, with VF Corp. showing internal splits. Refund timing and new tariffs add complexity.

Shares of athletic and apparel companies fell after Dick's Sporting Goods reported weaker earnings and reduced its full-year profit outlook, citing rising inventory and promotional discounting. Figs (FIGS), Funko (FNKO), Caleres (CAL), Nike (NKE), and Genesco (GCO) were among the affected stocks, with declines ranging from 2.6% to 3.8%. Figs reported strong Q2 2026 results, with revenue up 28.8% and adjusted EPS beating estimates.

IATA said jet fuel prices are about 46% above 2025 levels, boosting air freight rates after Iran-related oil and fuel spikes. Capri (Michael Kors, Jimmy Choo) reported inventory down 25% YoY, softer sales, and lowered its 2027 revenue outlook to $3.4B, using selective airfreight. Xeneta expects rates to stay elevated. Separately, Target discussed a digital-twin inventory tool, Proxima.

FIGS, Inc. (FIGS) reported Q2 2026 net revenues of $196.6 million, up 28.8%, driven by higher order volume and record average order values. Scrubwear revenue rose 26.5% to $161.2 million. Gross margin was 75.2% and net income $28.4 million. The company raised FY2026 net revenue guidance to about 20% growth and EBITDA margin to 14.8% to 15.0%.