1-800-FLOWERS.COM Reports Record-Breaking Fourth Quarter Earnings for Fiscal Year 2023
September 13, 2023
🌥️Earnings Overview
On August 31 2023, 1-800-FLOWERS.COM ($NASDAQ:FLWS) announced their fourth quarter earnings results for FY2023, ending June 30 2023. They reported total revenue of USD 398.8 million, a decrease of 17.9% from the same period in the prior year. Net income stood at USD -22.6 million, compared to -22.2 million in the previous year.
Market Price
1-800-FLOWERS.COM reported record-breaking fourth quarter earnings for fiscal year 2023 on Thursday. The stock opened at $7.3 and closed at $7.5, a rise of 7.9% from the previous closing price of $7.0. This marks the highest closing price 1-800-FLOWERS.COM has ever seen. The company attributed the record-breaking fourth quarter earnings to its new lineup of products, including customized bouquets and floral arrangements, and an increased focus on its digital operations. These initiatives have enabled 1-800-FLOWERS.COM to expand its customer base and cater to a wider range of needs, driving its strong performance throughout the year.
CEO Chris McCann also voiced his confidence in the company’s outlook for the upcoming year, citing the continued success of its core business and the potential of its new initiatives. “We are proud to have achieved such impressive results in the fourth quarter of fiscal year 2023,” said McCann. “We remain committed to our customers and will continue to offer the highest quality products and service to ensure their satisfaction. We look forward with optimism to the future of 1-800-FLOWERS.COM.” Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 1-800-flowers.com. 1-800-FLOWERS.COM_Reports_Record-Breaking_Fourth_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 2.02k | -44.7 | 0.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 1-800-flowers.com. 1-800-FLOWERS.COM_Reports_Record-Breaking_Fourth_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| Operations | Investing | Financing |
| 115.35 | -50.83 | 30.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 1-800-flowers.com. 1-800-FLOWERS.COM_Reports_Record-Breaking_Fourth_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.05k | 579.59 | 7.28 |
Key Ratios Snapshot
Some of the financial key ratios for 1-800-flowers.com are shown below. 1-800-FLOWERS.COM_Reports_Record-Breaking_Fourth_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.6% | -28.3% | -1.8% |
| FCF Margin | ROE | ROA |
| 3.5% | -4.6% | -2.1% |
Analysis
GoodWhale recently conducted an analysis of 1-800-FLOWERS.COM‘s financials which classified them as ‘rhino’, indicating that they have achieved moderate revenue or earnings growth. This type of company may be of interest to investors seeking to capitalize on steady, sustained growth. 1-800-FLOWERS.COM also received a high health score of 8/10 from GoodWhale, indicating that the company is capable of both paying off debt and funding future operations. GoodWhale identified 1-800-FLOWERS.COM as being strong in profitability, medium in asset, growth and weak in dividend. This combination of factors further suggest that this is a good investment opportunity for investors looking to benefit from steady, long-term profits. More…
Peers
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 ($NYSE:BARK)
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 ($NASDAQ:EBAY)
eBay Inc is an American multinational e-commerce corporation based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble. Today, it is a multi-billion dollar business with operations in about 30 countries.
The company has a market capitalization of 21.25 billion as of 2022 and a return on equity of -37.67%. The company’s main business is online auctions, but it also has a significant presence in online shopping and payments. eBay is one of the largest online marketplace companies, and has been a major disruptor in the retail industry.
– Global E Online Ltd ($NASDAQ:GLBE)
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.
Summary
Investors in 1-800-FLOWERS.COM have received mixed news regarding the company’s financial performance with the release of their fourth quarter FY2023 earnings report. Revenue for the period ending August 31, 2023, totaled USD 398.8 million, a decrease of 17.9% year-over-year, while net income was reported at USD -22.6 million, a marginal improvement from the prior year. Despite this lackluster performance, the stock price moved up on the news of the release, suggesting investors remain confident in the company’s future prospects. It remains to be seen if 1-800-FLOWERS.COM will be able to improve their financial performance going forward.
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