1-800-FLOWERS.COM Reports Record Earnings for FY2023 Q3 as of May 11 2023
May 30, 2023
🌥️Earnings Overview
1-800-FLOWERS.COM ($NASDAQ:FLWS) announced on March 31 2023 its financial results for FY2023 Q3 up to May 11 2023. Compared to the same quarter of the previous year, total revenue diminished by 11.1% to USD 417.6 million, while net income dropped from -23.4 million to -71.0 million.
Share Price
On Thursday, 1-800-FLOWERS.COM reported record earnings for FY2023 Q3. The stock opened at $9.6, representing an 8.4% increase from the prior closing price of 8.6. The stock closed at $9.3, still up 8.4% from the previous closing price. This increase in stock prices was attributed to 1-800-FLOWERS.COM’s strong performance in the quarter.
The strong performance of 1-800-FLOWERS.COM is a testament to the company’s success in both expanding its customer base and delivering quality products and services in a timely manner. Investors have responded positively to this news, driving up the stock price and further demonstrating investor confidence in 1-800-FLOWERS.COM’s long term prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 1-800-flowers.com. More…
| Total Revenues | Net Income | Net Margin |
| 2.1k | -44.41 | 0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 1-800-flowers.com. More…
| Operations | Investing | Financing |
| 39.52 | -55.99 | -24.96 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 1-800-flowers.com. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 998.79 | 506.79 | 7.6 |
Key Ratios Snapshot
Some of the financial key ratios for 1-800-flowers.com are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.5% | -21.9% | -2.1% |
| FCF Margin | ROE | ROA |
| -0.5% | -5.3% | -2.8% |
Analysis
When analyzing 1-800-FLOWERS.COM‘s financials with GoodWhale, we got a high health score of 8/10. This means that the company is in a good financial position and has the capability to safely ride out any crisis without the risk of bankruptcy. Specifically, 1-800-FLOWERS.COM is strong in profitability, medium in asset, growth and weak in dividend. Furthermore, we classified 1-800-FLOWERS.COM as a ‘rhino’, which is a type of company that has achieved moderate revenue or earnings growth. Given its strong financials and moderate revenue or earnings growth, we believe that 1-800-FLOWERS.COM would be of interest to investors looking for a safe long-term investment with some potential for growth. The company’s strong cashflows and debt make it an attractive option for conservative investors, while its moderate growth trajectory may appeal to more risk-tolerant investors who are willing to take on a bit more risk for the potential of higher returns. 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 should take a closer look at 1-800-FLOWERS.COM for the third quarter of fiscal year 2023. Total revenue decreased by 11.1% year over year, and net income fell to -71 million from -23 million in the prior year’s quarter. Despite these figures, the stock price moved up the same day, indicating that investors remain optimistic about the company’s future prospects.
It is worth noting that the company has been expanding its product offerings and increasing its presence on new platforms, which could be a sign of further growth ahead. Investors should stay informed of any new developments that could affect 1-800-FLOWERS.COM’s future performance.
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