1-800-Flowers.com Earnings: Here’s Why Investors are Not Excited Now
1-800-Flowers.com Inc. (NASDAQ:FLWS) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 4.79%.
1-800-Flowers.com Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.04 in the quarter versus EPS of $0.00 in the year-earlier quarter.
Revenue: Rose 7.2% to $192.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: 1-800-Flowers.com Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company met the mean analyst estimate of $0.04. It missed the average revenue estimate of $194.57 million.
Quoting Management: Jim McCann, CEO of 1-800-FLOWERS.COM, said, “During the fiscal third quarter we achieved solid top-line growth and strong bottom-line results despite continued uncertainty in the consumer environment. These results represent a continuation of the positive trends in our business that we have seen for more than two years now and reflect the success of our efforts to manage those aspects of our business that we can control. This includes our enhanced marketing and merchandising programs that are helping to drive solid revenue growth along with increased gross margins and our focus on leveraging our business platform to reduce operating costs and help drive outsized benefits in terms of EBITDA and EPS growth.”
Key Stats (on next page)…