Movers and SHAKERS
It's Got Mo
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.
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Another nice gift. Fiscal Q2 results overachieved, with revenues, cash flow, and earnings, all better than estimates. It was the third quarter in a row of beating expectations and the results indicate favorable operating momentum in each segment including Consumer Floral, BloomNet, and Gourmet Food & Gift Baskets.
Conservative guidance? Full fiscal year 2020 cash flow guidance (adj. EBITDA) was raised from a range of 8% to 10% growth to 13% to 15% growth and EPS guidance was raised from a range of...
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.