Overview
1-800-Flowers fiscal Q1 rev of $215.2 mln missed analyst expectations
Adjusted EPS for fiscal Q1 was -$0.83, missing analyst estimates
Company reported a net loss of $53 mln for fiscal Q1
Outlook
1-800-Flowers.Com anticipates $50 mln in gross savings over the next two years
Company focuses on cost savings, efficiency, and new channels for growth
Result Drivers
MARKETING EFFICIENCY - Improved marketing spend effectiveness contributed to better profitability trends, despite timing factors impacting September results
COST OPTIMIZATION - Co anticipates $50 mln in gross savings over the next two years, building on $17 mln savings from Fiscal 2025
STRATEGIC SHIFT - Revenue decline attributed to focus on marketing effectiveness and changes in wholesale order timing
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Miss | $215.20 mln | $218.80 mln (1 Analyst) |
Q1 Adjusted EPS | Miss | -$0.83 | -$0.70 (1 Analyst) |
Q1 EPS | -$0.83 | ||
Q1 Adjusted Net Income | Miss | -$53 mln | -$39.90 mln (1 Analyst) |
Q1 Net Income | -$53 mln | ||
Q1 Gross Margin | 35.70% |
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy."
Wall Street's median 12-month price target for 1-800-Flowers.Com Inc is $9.00, about 61.2% above its October 29 closing price of $3.49
Press Release: ID:nBw6jFJF8a
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Comments