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

Retail and Consumer
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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. 

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