Wednesday, May 1, 2019
1-800-Flowers.com, Inc (FLWS)
Winning Doesn’t Get Boring.
1-800 Flowers.com Inc is a United-States-based provider of gourmet food & gift baskets, consumer floral, and BloomNet wire service. Gourmet food & gift baskets and consumer floral jointly account for the majority of the company’s total revenue. The company provides a broad range of merchandise, including fresh flowers, premium, fruits, popcorn, specialty treats, cookies and baked gifts, premium chocolates, confectionery, gift baskets, premium English muffins, steaks and chops, and others.
Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Solid quarter. The fiscal third quarter revenues of $248.4 million
beat our $242.0 million estimate, while adjusted EBITDA loss of $4.4 million
came in lower than our loss estimate of a $5.8 million loss. For a third
straight quarter, BloomNet was strong with 15.1% revenue growth and an
impressive 12.3% increase in adjusted EBITDA. - Raised guidance. Full fiscal year 2019 revenues and adjusted EBITDA were
guided at the high end of the previously guidance range from $1232.6 million to
$1244.1 million and $80.0 million to $82.0 million, respec…
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