FIGS' International Business Gains Momentum on Strong Global Demand

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FIGS' International Business Gains Momentum on Strong Global Demand Zacks Equity Research Wed, September 2, 2026 at 10:28 AM EDT 3 min read FIGS URBN BOOT FOSL FIGS, Inc. FIGS accelerated international growth in the second quarter of 2026, with overseas revenues increasing 67% year over year to $37.9 million. This marked an improvement from 49.9% growth in the first quarter. International sales represented approximately 19% of total revenues, highlighting the growing contribution of overseas markets to the company's performance. Growth was broad-based across new and returning customers, with existing comparable markets contributing more than 50 percentage points to international revenue growth. Management highlighted exceptional performance in Europe, Latin America and Mexico, alongside meaningful improvement in Canada, Australia and the Middle East. This momentum reflects strengthening demand across multiple regions as FIGS builds its global presence. Localized marketing and community engagement supported the international performance. FIGS continued investing in brand awareness across Canada, Australia, the United Kingdom and Mexico, while developing ambassador communities in other markets. Initiatives included its first Toronto Nurses Week event and increased activity on regional platforms such as LINE, Kakao and Douyin to strengthen local reach. The expanding geographic footprint provides additional growth opportunities. FIGS reached 85 international markets through July 2026, adding 27 markets since year-end 2025. Its institutional business is extending overseas reach, with the recently onboarded Bupa Dental Care relationship initially focused on outfitting nearly 400 dental centers across the United Kingdom. International strength reinforces FIGS' improved growth outlook. Following the second-quarter performance, management raised its 2026 revenue growth expectation to approximately 20%, from 14% to 16%. With more than 80% of global healthcare professionals based outside the United States, stronger demand in existing markets, localized engagement and geographic expansion should remain important contributors to growth. Shares of FIGS have surged 131.2% over the past year against the industry's 8.2% decline. From a valuation standpoint, FIGS trades at a forward price-to-sales ratio of 3.22, above the industry's average of 1.62. The Zacks Consensus Estimate for FIGS' 2026 earnings implies year-over-year growth of 89.5%, while the same for 2027 indicates a decline of 6.9%. Estimates for 2026 and 2027 have been revised upward by 10 cents and 3 cents, respectively, over the past 30 days. FIGS currently carries a Zacks Rank #2 (Buy). Urban Outfitters, Inc. URBN is a lifestyle products and services company that sells fashion apparel, accessories, footwear, home goods and related offerings through a portfolio of global consumer brands. The company carries a Zacks Rank #2 at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for Urban Outfitters' current fiscal-year earnings and sales suggests growth of 13.1% and 9.1%, respectively, from the year-ago actuals. URBN delivered a trailing four-quarter average earnings surprise of 9.7%. Boot Barn Holdings, Inc. BOOT is the largest lifestyle retailer in the United States, specializing in western and work-related footwear, apparel and accessories. The company also holds a Zacks Rank #2 at present. The Zacks Consensus Estimate for Boot Barn's current fiscal-year earnings and sales suggests growth of 22.6% and 15.7%, respectively, from the year-ago actuals. BOOT delivered a trailing four-quarter average earnings surprise of 11.4%. Fossil Group, Inc. FOSL is involved in designing, marketing and distributing consumer fashion accessories. It also carries a Zacks Rank #2. The Zacks Consensus Estimate for Fossil Group's current fiscal-year earnings suggests growth of 96.7% from the year-ago actuals. FOSL delivered a trailing four-quarter average negative earnings surprise of 236.2%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FIGS, Inc. (FIGS) : Free Stock Analysis Report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT) : Free Stock Analysis Report Fossil Group, Inc. (FOSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com).

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