CBP Withhold Release Order blocks FIGS imports from its Jordan garment partner (disclosed Aug 6, 2026); partner identity and exposure unconfirmed
Materiality is supported. The WRO blocks US import of output from the supplier that produced roughly one-third of FIGS's finished goods as recently as Q2 2026, entering the peak back-to-school and holiday build; FIGS's own 10-Q (not just its call) states the WRO 'will adversely impact our net revenues, gross margin and inventory levels in the second half of 2026.' Against a FY2026 guided revenue base of ~$757M ($631.1M FY2025 × ~1.20) with H2 implied at…