Monday, March 08, 2021
1-800-Flowers.com (FLWS)
Are Investors Underestimating This Ecommerce Play?
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.
Virtual NDR highlights. This report highlights a Virtual Non Deal Road Show in a fireside chat format held last week with CEO Chris McCann. A rebroadcast of the event may be found here. Topics that were discuss include: the enhanced revenues during the pandemic, management’s expectation of continued double digit revenue and cash flow growth, a possible name change to incorporate all of the company’s brands, impact from the severe weather in Texas, and the large valuation gap with its ecommerce peer group.
Revenue and cash flow growth on top of the pandemic lift. The company appears sanguine about the prospect of double digit revenue and cash flow growth riding the wave of a change in consumer behavior towards ecommerce, from product expansion in Pmall, Harry & David, and through acquisitions to append to the platform of Pmall, Plus, the company plans to benefit from the way it engages with its …
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.
