Gifting platform 1-800-Flowers.Com's Q4 revenue falls slightly more than expected
Gifting platform 1-800-Flowers.Com's Q4 revenue falls slightly more than expected
Overview
U.S. floral and gifts retailer's fiscal Q4 revenue fell 12.9% yr/yr, slightly missing analyst expectations
Adjusted loss per share for fiscal Q4 missed consensus
Company amended credit agreement and is evaluating capital raising options
Outlook
1-800-Flowers.Com expects fiscal 2027 net revenues to decline in the mid-single digit range
Company expects fiscal 2027 adjusted EBITDA of $10 mln to $15 mln
Company plans to reinvest cost savings into strategic growth investments in fiscal 2027
Result Drivers
STRATEGIC SHIFT - Co said Q4 revenue decline primarily reflected a strategic shift to improve marketing effectiveness and profitability
HIGHER COSTS - Gross margin fell due to deleveraging on sales decline, higher commodity costs and inventory reserves, partially offset by cost reduction and operational efficiency initiatives and a tariff refund
LOWER OPERATING EXPENSES - Operating expenses decreased mainly due to lower marketing and labor costs
Company press release: ID:nBw61gspla
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Miss* | $293.1 mln | $293.6 mln (3 Analysts) |
Q4 Adjusted Loss Per Share | Miss | $0.80 | $0.69 (3 Analysts) |
Q4 Adjusted Net Loss |
| $51.6 mln | $32.06 mln (1 Analyst) |
Q4 Net Loss |
| $52.3 mln |
|
Q4 Gross Margin |
| 34.7% |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The one available analyst rating on the shares is "buy"
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 $4.88, about 39.7% above its September 9 closing price of $3.49
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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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