Movers and SHAKERS
Caught A Nice One
1-800-FLOWERS.COM, Inc. is the leading provider of gourmet and floral gifts for all occasions. For nearly 40 years, 1-800-FLOWERS® has been helping deliver smiles for customers with gifts for every occasion, including fresh flowers, premium, gift-quality fruits, and other gourmet items from Harry & David®, popcorn and specialty treats from The Popcorn Factory®; cookies and baked gifts from Cheryl’s®; premium chocolates and confections from Fannie May®; gift baskets and towers from 1-800-Baskets.com®; premium English muffins and other breakfast treats from Wolferman’s; carved fresh fruit arrangements from FruitBouquets.com; and top quality steaks and chops from Stock Yards®. The Company’s BloomNet® international floral wire service provides a broad range of quality products and value-added services designed to help professional florists grow their businesses profitably.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Attractive tuck-in acquisition. 1-800-Flowers announced that it has acquired Vital Choice, an organic seafood delivery company for $20 million in cash. The transaction will add over 400 food based products to its Gourmet Foods & Gift Baskets business segment and an attractive complement to Harry & David. We estimate that the transaction is less than 1 times revenues and 8 times EBITDA, an attractive price based on a business that has been growing revenues in the double digits and with healthy 10% margins.
A nice fit. Vital Choice was founded in 2001 as a premium seafood delivery company and has partnered with dozens of fisheries to ensure it maintains its commitment to quality. It now also offers many other organic foods, such as meats, fruits, and soups, to name a few. The company will be keeping its current management team to head the operations. The company is self consumption based with a ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.