Sign in

    Christopher Brazeau • KeyBanc Capital Markets

    Christopher Brazeau's questions to Figs Inc (FIGS) leadership

    Christopher Brazeau's questions to Figs Inc (FIGS) leadership • Q2 2025

    Question

    Christopher Brazeau from KeyBanc Capital Markets asked for more detail on the softness in the non-scrubwear category and inquired about the company's approach to share repurchases for the rest of the year.

    Answer

    Co-Founder & CEO Trina Spear attributed the non-scrubwear decline to fewer launches in Q2 but noted a strong 35% three-year stacked growth rate, reaffirming the category's health and future opportunities. CFO Sarah Oughtred stated that the current capital allocation priority is investing in business growth and preserving the balance sheet, though they will remain opportunistic but conservative with repurchases.

    Ask Fintool Equity Research AI

    Christopher Brazeau's questions to Caleres Inc (CAL) leadership

    Christopher Brazeau's questions to Caleres Inc (CAL) leadership • Q1 2025

    Question

    Christopher Brazeau, on for Ashley Owens, asked for a breakdown of the 280 basis point headwind to the Brand Portfolio's gross margin, seeking to understand how much was one-time in nature versus persistent. He also asked for context on the company's assumptions regarding tariff headwinds for the rest of the year.

    Answer

    SVP & CFO Jack Calandra clarified the margin decline drivers in order of materiality: higher inventory reserves (largely for spring '25 product and not expected to be a continued headwind), tariff-related cancellations (also largely discrete), and lower initial margins (the smallest component, which could persist). Due to the volatile environment, he did not provide specific forward-looking assumptions but reiterated the three-pronged mitigation strategy of factory concessions, margin absorption, and selective price increases.

    Ask Fintool Equity Research AI