Friday, November 06, 2026
Jacob Mutchler, Research Analyst, Noble Capital Markets, Inc.
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Q1 results. The company reported fiscal first-quarter 2027 revenue from continuing operations of $171.4 million, an 11.1% decline from $192.7 million in the prior-year period. Notably, despite the revenue decline, the adjusted EBITDA loss was essentially unchanged at $31.9 million, compared with $31.7 million a year ago. A $10.3 million reduction in operating expenses largely offset weaker sales and a 120-basis-point contraction in gross margin.
Improving Demand Trends. E-Commerce revenue declined 12.3%, as weakness at smaller websites and in B2B operations outweighed improving demand at 1-800-Flowers.com and Harry & David. Net order demand at these primary websites declined 8.0% during the quarter, compared with 36.0% at smaller websites. Following quarter-end, the decline at the primary websites moderated to 3.4% in October, providing early support for the company’s strategy of concentrating investment on its core brands.
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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).
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