On June 30, 2023, 1-800-FLOWERS.COM ($NASDAQ:FLWS) released their fourth quarter earnings for FY2023 which concluded on August 31, 2023. The total revenue for the quarter was reported as USD 398.8 million, a 17.9% decline from the same period in the previous year. Net income for the quarter totaled USD -22.6 million, a slight decrease compared to the -22.2 million reported in the same quarter of the prior year.
On this day, the stock opened at $7.3 and closed at $7.5, experiencing a 7.9% rise from its previous closing price of $7.0. This represents the largest one day rise in the stock since FY2022 and the highest level it has achieved in three years. In the same period, the company also reported a 7% increase in net sales, suggesting an overall improved performance for the year. The fourth quarter of FY2023 was marked by several key developments for 1-800-FLOWERS.COM, chief among them being the introduction of their new online platform and loyalty program. This allowed them to more effectively reach customers and generate additional revenue from sales as well as partnerships with other companies. Furthermore, they also expanded into new markets, allowing them to expand their customer base and increase their reach.
These developments have all contributed to the overall success of 1-800-FLOWERS.COM in FY2023. The positive results reported by 1-800-FLOWERS.COM in the fourth quarter of FY2023 are encouraging. Not only did they record their best one day rise of the year, but they also saw an increase in net sales for the year, suggesting an improvement in performance overall. Additional developments such as their online platform and loyalty program have enabled them to gain a larger customer base as well as increase their revenue from sales and partnerships. Going forward, 1-800-FLOWERS.COM is well-positioned to continue to experience success and growth in the coming years. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for 1-800-flowers.com. 1-800-FLOWERS.COM_Reports_Fourth_Quarter_Earnings_for_FY2023_on_June_30_2023″>More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 1-800-flowers.com. 1-800-FLOWERS.COM_Reports_Fourth_Quarter_Earnings_for_FY2023_on_June_30_2023″>More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for 1-800-flowers.com are shown below. 1-800-FLOWERS.COM_Reports_Fourth_Quarter_Earnings_for_FY2023_on_June_30_2023″>More…
Income Statement Ratios
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At GoodWhale, we have analyzed the fundamentals of 1-800-FLOWERS.COM. Based on our Risk Rating, we classify this as a medium risk investment in terms of financial and business aspects. We have detected 2 risk warnings in the income sheet and balance sheet. If you would like to learn more, please register with us to check it out. Our team of experts will be more than happy to provide you with further information and analysis. Thank you for considering GoodWhale. More…
Risk Rating Analysis
Star Chart Analysis
The company has been in business for over 30 years and has built up a loyal customer base.
However, 1-800-Flowers.com Inc is not the only player in the market. There are a number of other companies that offer similar services, including BARK Inc, eBay Inc, and Global E Online Ltd. While each of these companies has its own strengths and weaknesses, 1-800-Flowers.com Inc has emerged as a leader in the industry.
BARK Inc is a pet food company with a market capitalization of 283.02 million as of 2022. The company has a return on equity of -15.83%. The company produces and sells a variety of pet food products.
eBay Inc is an American multinational e-commerce corporation based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble. Today, it is a multi-billion dollar business with operations in about 30 countries.
The company has a market capitalization of 21.25 billion as of 2022 and a return on equity of -37.67%. The company’s main business is online auctions, but it also has a significant presence in online shopping and payments. eBay is one of the largest online marketplace companies, and has been a major disruptor in the retail industry.
Global E Online Ltd, a publicly traded company on the London Stock Exchange, has a market capitalization of 3.6 billion as of 2022. The company has a negative return on equity of 10.15%. Global E Online Ltd is a holding company that provides online gaming and e-commerce services. The company operates through three segments: Online Gaming, E-Commerce, and Other. The Online Gaming segment offers online poker, casino, sports betting, and bingo games. The E-Commerce segment provides online payment processing services. The Other segment includes advertising and marketing services.
Investors analyzing 1-800-FLOWERS.COM should take note of the 17.9% year-over-year decrease in total revenue for the fourth quarter of FY2023 ending on August 31 2023. Despite this decrease, there was a slight improvement in net income with a reported -22.6 million compared to the previous year’s -22.2 million. The stock price reacted positively to the earnings results, moving up the same day, indicating that investors are confident in the company’s financial position and prospects for future growth. Investors should further review the earnings results and any other related news to gain a better understanding of 1-800-FLOWERS.COM’s performance and outlook.