Market Overview

1-800-Flowers.com Trades Higher On Q4 Earnings

Share:

1-800-Flowers.com (NASDAQ: FLWS) reported fourth-quarter losses of 12 cents per share, which beat the analyst consensus estimate by 2 cents. The company reported quarterly sales of $259.4 million, which beat the analyst consensus estimate of $255.15 million. This is a 12.81% increase over sales of $229.934 million the same period last year.

"We entered fiscal 2019 with a plan to accelerate our revenue growth rate by investing behind our lead Harry & David and 1-800-Flowers.com brands and we are very pleased to have exceeded our growth targets, with total revenues increasing more than eight percent driven by strong growth across all three of our business segments,” said Chris McCann, CEO, 1-800-Flowers.com in a statement.

“In terms of our bottom-line results, year-over-year contribution margins exceeded our plans in all three business segments with solid growth in total EBITDA, EPS and Free Cash Flow driven primarily by strong performance in our Gourmet Foods and Gift Baskets and BloomNet segments. These results reflect our intense focus on execution and innovation – in our digital marketing programs, in merchandising programs that emphasize new product development and, in our initiatives to constantly improve our business platform to enhance our operating leverage.”

1-800-Flowers.com shares were trading up 5.63% at $20.45 in Thursday’s pre-market session. The stock has a 52-week high of $21.77 and a 52-week low of $10.

Related Links:

Baozun Trades Lower Despite Q2 Earnings Beat

Pinduoduo Trades Sharply Higher On Q2 Earnings Beat

Posted-In: Earnings News

 

Related Articles (FLWS)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Analysts Share Stocks To Buy On Fed Uncertainty

BJ's Wholesale Club Trades Higher On Q2 Earnings