1-800-Flowers Q1 revenue misses estimates

Overview

• U.S. gifting company's fiscal Q1 revenue fell 11% yr/yr, missing analyst expectations

• Adjusted loss per share for fiscal Q1 missed analyst expectations

• Adjusted EBITDA loss for fiscal Q1 was lower than expected, beating analyst estimates

Outlook

• Company expects fiscal 2027 revenue to decline 2% to 5%

• Company forecasts fiscal 2027 adjusted EBITDA of $10 mln to $15 mln

• Company outlook reflects impact of divestitures and reinvestment in primary websites

Result Drivers

• WEAKNESS IN OTHER WEBSITES - Co said revenue decline was driven by continued weakness across its other websites and B2B operations, partially offset by improving demand trends on primary websites

• LOWER SALES VOLUME AND COSTS - Co attributed lower gross margin to decreased sales volume, higher fuel surcharges, and promotional strategy testing, partially offset by cost efficiency initiatives

• REDUCED OPERATING EXPENSES - Co said operating expenses fell yr/yr due to lower marketing and labor costs

Company press release:

Key Details

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 $4.50, about 59% above its November 4 closing price of $2.83

Reuters Recommended Reads

• Nov 3 - Online fashion retailer Boozt Q3 revenue rises on wider assortment

• Nov 4 - Wayfair beats Q3 revenue, profit estimates on more customers, orders

• Nov 3 - Giftify Q3 net sales rise on higher marketplace activity

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.)