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
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(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.)