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Friday, January 31, 2020
1-800-Flowers.com (FLWS)
It’s Got Mo
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.
Another nice gift. Fiscal Q2 results overachieved, with revenues, cash flow, and earnings, all better than estimates. It was the third quarter in a row of beating expectations and the results indicate favorable operating momentum in each segment including Consumer Floral, BloomNet, and Gourmet Food & Gift Baskets.
Conservative guidance? Full fiscal year 2020 cash flow guidance (adj. EBITDA) was raised from a range of 8% to 10% growth to 13% to 15% growth and EPS guidance was raised from a range of…
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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.
NOTE: investment decisions should not be based upon the content of
this research summary. Proper due diligence is required before
making any investment decision.