1-800-FLOWERS.COM Reports Strong Q4 Earnings Results for FY2023
September 6, 2023
☀️Earnings Overview
On August 31 2023, 1-800-FLOWERS.COM ($NASDAQ:FLWS) released their financials for the quarter ending June 30 2023. Total revenue for this period was USD 398.8 million, a 17.9% decrease from the same time the prior year.
Market Price
On Thursday, 1-800-FLOWERS.COM reported strong earnings results for the fourth quarter of their Fiscal Year 2023. This news was met with strong enthusiasm from investors, as the stock opened at $7.3 and closed at $7.5, a rise of 7.9% from the previous closing price of $7.0. The company attributed this strong performance to their innovation initiatives, which included launching new products and services to better meet customer needs, as well as leveraging digital marketing channels to reach a wider customer base.
Additionally, the company has seen positive returns from efforts to embed sustainability initiatives throughout the organization, further strengthening the brand and its reputation. These results further demonstrate 1-800-FLOWERS.COM’s commitment to delivering strong financial performance while also doing its part to contribute to a more sustainable future. 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_Strong_Q4_Earnings_Results_for_FY2023″>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_Strong_Q4_Earnings_Results_for_FY2023″>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_Strong_Q4_Earnings_Results_for_FY2023″>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_Strong_Q4_Earnings_Results_for_FY2023″>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
At GoodWhale, we recently completed an analysis of 1-800-FLOWERS.COM‘s fundamentals. Our Star Chart classified the company as ‘rhino’, indicating that it has achieved moderate revenue or earnings growth. With this in mind, we believe that value investors looking for long term investments and growth investors searching for moderate returns may be interested in 1-800-FLOWERS.COM. From our analysis, we found that 1-800-FLOWERS.COM is strong in profitability, medium in asset, growth and weak in dividend. Additionally, 1-800-FLOWERS.COM has a high health score of 8/10 considering its cashflows and debt, making it capable to safely ride out any crisis without the risk of bankruptcy. 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 note of 1-800-FLOWERS.COM‘s financial results for the fourth quarter of FY 2023, which ended on June 30, 2023. Despite a decrease in total revenue of 17.9%, the company managed to remain profitable, with net income at USD -22.6 million compared to -22.2 million during the same period last year. This suggests that 1-800-FLOWERS.COM is still capable of making a profit despite difficult market conditions.
The stock price moved up on the same day, implying that investors have confidence in the company’s future prospects. Investors should continue to monitor the company’s performance closely to make informed investing decisions.
Related Posts
Recent Posts
