Monday, August 30, 2021
1-800-Flowers.com (FLWS)
Keeping What It Got And Then Some
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.
Fiscal Q4 results in line with expectations on strong revenue growth. Total company revenues increased a solid 16.6% to $486.9 million, better than our $472.0 million estimate. The revenue performance was notable given that it was on top of the 61% revenue growth in the prior year quarter, which benefited from enhanced ecommerce growth during the height of the Covid pandemic. Adjusted EBITDA of $30.2 million was in line with expectations.
Favorable foundation for growth. We believe that the enhanced revenues during Covid set the stage for favorable revenue growth going forward as the company markets to the new customers, increases its loyalty based customers, Passport, and develops new products …
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.