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1-800-Flowers Q1 revenue misses estimates

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

MetricBeat/MissActualConsensus Estimate
Q1 RevenueMiss$215.20 mln$218.80 mln (1 Analyst)
Q1 Adjusted EPSMiss-$0.83-$0.70 (1 Analyst)
Q1 EPS-$0.83
Q1 Adjusted Net IncomeMiss-$53 mln-$39.90 mln (1 Analyst)
Q1 Net Income-$53 mln
Q1 Gross Margin35.70%
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.)

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