Friday, February 1, 2019

1-800-Flowers.com, Inc  (FLWS)

Coming up roses.

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, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for rating. 

• Over delivers quarter. The fiscal second quarter revenues of $571.3 million beat our $552 million estimate and adjusted EBITDA was higher expected ($103.1 million versus our $96.1 million estimate). The standout, for a second straight quarter, was BloomNet, its wire service business, which increased revenues 15% and a strong 7.3% increase in adj. EBITDA.  
• Raised full year guidance. Management raised its fiscal year end 2019 full year guidance from a range of $1209.5 million to $1232.6 million in revenues to $1232.6 million to $1244.1 million in revenues. And, it raised adjusted EBITDA guidance from a range of $77 million to $80 million to a range of $80.0 million to $82.0 million, with E…
  
  
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*Analyst
certification and important disclosures included in 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.