Tag: FLWS

Release – 1-800-FLOWERS.COM, Inc. Names Andy Milevoj Senior Vice President, Investor Relations; Joe Pititto to Retire December 31, 2022

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Research, News, and Market Data on FLWS

Sep 15, 2022

JERICHO, N.Y.–(BUSINESS WIRE)– 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) today announced that Andy Milevoj has been named Senior Vice President, Investor Relations effective September 19, 2022. Milevoj succeeds Joe Pititto who plans to retire on December 31, 2022, after 23 years of service to the company. In his new role, Milevoj will report to Bill Shea, Chief Financial Officer.

“Andy brings deep knowledge and experience in building investor relations programs, as well as a strong network of relationships within the investment community,” said Shea. “He has a keen understanding of the retail and e-commerce industries, and we look forward to leveraging his expertise in communicating our company’s value proposition to shareholders.” Shea further remarked, “I also want to take this opportunity to acknowledge and thank Joe for his more than two decades of tireless commitment to our company during a period of unprecedented growth and transformation. His drive and passion for telling our growth story has been invaluable and we wish him all the best upon his retirement.”

Milevoj joins 1-800-FLOWERS.COM, Inc. from Barnes and Noble, where he spent most of his career with Barnes & Noble, Inc. and more recently served as Vice President, Corporate Finance and Investor Relations at Barnes & Noble Education, Inc. Milevoj began his career at the book retailer in 1998 as Investor Relations Coordinator, subsequently taking on roles of increasing responsibility for articulating the company’s strategic initiatives and financial metrics to its wide audience of analysts and investors. Prior to this, Milevoj worked at Kissel-Blake Inc. as a stock surveillance account executive. He holds a Bachelor of Science in Finance from St. John’s University in Jamaica, NY.

About1-800-FLOWERS.COM, Inc.
1-800-FLOWERS.COM, Inc. is a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships. The Company’s e-commerce business platform features an all-star family of brands, including: 1-800-Flowers.com®, 1-800-Baskets.com®, Cheryl’s Cookies®, Harry & David®, PersonalizationMall.com®, Shari’s Berries®, FruitBouquets.com®, Moose Munch®, The Popcorn Factory®, Wolferman’s Bakery®, Vital Choice®, Stock Yards® and Simply Chocolate®. Through the Celebrations Passport® loyalty program, which provides members with free standard shipping and no service charge across our portfolio of brands, 1-800-FLOWERS.COM, Inc. strives to deepen relationships with customers. The Company also operates BloomNet®, an international floral and gift industry service provider offering a broad-range of products and services designed to help members grow their businesses profitably; Napco℠, a resource for floral gifts and seasonal décor; DesignPac Gifts, LLC, a manufacturer of gift baskets and towers; and Alice’s Table®, a lifestyle business offering fully digital livestreaming floral, culinary and other experiences to guests across the country. 1-800-FLOWERS.COM, Inc. was recognized among the top 5 on the National Retail Federation’s 2021 Hot 25 Retailers list, which ranks the nation’s fastest-growing retail companies, and was named to the Fortune 1000 list in 2022. Shares in 1-800-FLOWERS.COM, Inc. are traded on the NASDAQ Global Select Market, ticker symbol: FLWS. For more information, visit 1800flowersinc.com or follow @1800FLOWERSInc on Twitter.

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Investor:

Joseph D. Pititto

(516) 237-6131

E-mail: [email protected]

Media:

Kathleen Waugh

(516) 237-6028

[email protected]

Source: 1-800-FLOWERS.COM, Inc.

1·800·Flowers.com (FLWS) – Is The Vase Half Empty?

Posted on by cpatches


Friday, September 02, 2022

1·800·Flowers.com (FLWS) – Is The Vase Half Empty?

For more than 45 years, 1-800-Flowers.com has offered truly original floral arrangements, plants and unique gifts to celebrate birthdays, anniversaries, everyday occasions, and seasonal holidays, and to deliver comfort during times of grief. Backed by a caring team obsessed with service, 1-800-Flowers.com provides customers thoughtful ways to express themselves and connect with the most important people in their lives. 1-800-Flowers.com is part of the 1-800-FLOWERS.COM, Inc. family of brands. Shares in 1-800-FLOWERS.COM, Inc. are traded on the NASDAQ Global Select Market, ticker symbol: FLWS.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Fiscal Q4 disappoints. The company reported a disappointing fiscal Q4. While revenues were largely in line with expectations, costs increased substantially. The company reported an adj. EBITDA loss of $16.8 million versus our $4.0 million estimate. 

Gross margins tumble. Gross margins tumbled 700 basis points to 33.7%, lower than our 34% estimate. The company was adversely affected by higher wage, transportation, and ocean freight costs, as well as a write down of perishable inventory due to weakened consumer demand. …

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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.