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Friday, May 1, 2020
1-800-Flowers.com (FLWS)
Can There Be Too Much Of A Good Thing?
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.
A remarkable quarter.The company shrugged off the impact of mitigation efforts of CoVid 19 and the economic shutdown with fiscal third quarter results ending March 30 in line with expectations. Total company revenues increased a solid 12.2% to $278.8 million. The seasonal adj. EBITDA loss of $2.4 million was slightly better than our loss estimate of $2.7 million.
Reiterates full year guidance. Revenue momentum seems to have accelerated in the fiscal fourth quarter. Management reiterated full year revenue guidance of 8% to 9% growth, adj. EBITDA growth of 13% to 15%, and EPS growth of 15% to 17%. Adjusting for the benefit of closing Harry & David stores, we are raising our…
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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.
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