Movers and SHAKERS
At Some Point This Will Happen
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.
Significantly beats expectations. Fiscal second quarter revenue of $877.3 million exceeded expectations by 17%, due to stronger than expected performance at its recent acqusition, PersonalizationMall.com. Cash flow, as measured by adjusted EBITDA, exceeded expectations by 19% to $160.5 million.
Fiscal Q3 guidance better than expected. Fiscal Q3 revenue guidance was better than expected, anticipated to show growth between 45% to 50%, with adjusted EBITDA expected to be between $4 million and $5 million, a quarter that typically reports seasonal losses ...
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.