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1-800-Flowers.com, Inc (FLWS)
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Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Solid quarter. The fiscal third quarter revenues of $248.4 million beat our $242.0 million estimate, while adjusted EBITDA loss of $4.4 million came in lower than our loss estimate of a $5.8 million loss. For a third straight quarter, BloomNet was strong with 15.1% revenue growth and an impressive 12.3% increase in adjusted EBITDA.
- Raised guidance. Full fiscal year 2019 revenues and adjusted EBITDA were
guided at the high end of the previously guidance range from $1232.6 million to
$1244.1 million and $80.0 million to $82.0 million, respec...
*Analyst certification and important disclosures included in 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.