Friday, October 29, 2021
1-800-Flowers.com (FLWS)
Scores Another Impressive Quarter
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.
Off to a good start. On the backdrop of an extraordinary year earlier quarter with 51.5% revenue growth, the company grew revenues an impressive 9% in the latest quarter. We believe that the solid revenue growth illustrates that the Covid pandemic accelerated consumer’s ecommerce buying patterns. The seasonal adj. EBITDA loss of $5.3 million was roughly in line with our loss estimate of $4.9 million.
Positioned for growth. We believe that management is ahead of the curve in ensuring product supply, in anticipation of strong consumer demand. Inventories increased from $153.8 million in the year earlier quarter to $282.4 million as of September 26, 2021 …
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.