1-800-FLOWERS.COM (NASDAQ:FLWS) Issues Earnings Results, Misses Expectations By $0.07 EPS

Posted by ABMN Staff on Aug 30th, 2024

1-800-FLOWERS.COM (NASDAQ:FLWS – Get Free Report) issued its quarterly earnings results on Thursday. The specialty retailer reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.07), Briefing.com reports. 1-800-FLOWERS.COM had a negative net margin of 0.42% and a positive return on equity of 3.27%. The firm had revenue of $360.90 million for the quarter, compared to the consensus estimate of $374.40 million. During the same quarter in the prior year, the firm earned ($0.28) earnings per share. The company’s revenue was down 9.5% on a year-over-year basis.

1-800-FLOWERS.COM Stock Down 12.1 %

NASDAQ:FLWS opened at $7.91 on Friday. The firm has a market capitalization of $507.90 million, a P/E ratio of -65.92, a P/E/G ratio of 1.80 and a beta of 1.68. 1-800-FLOWERS.COM has a 12-month low of $5.97 and a 12-month high of $11.42. The stock’s fifty day simple moving average is $9.46 and its 200-day simple moving average is $9.62. The company has a quick ratio of 1.13, a current ratio of 1.89 and a debt-to-equity ratio of 0.37.

Wall Street Analysts Forecast Growth

FLWS has been the topic of a number of research reports. DA Davidson upgraded 1-800-FLOWERS.COM from an “underperform” rating to a “neutral” rating and lowered their price objective for the company from $8.00 to $7.00 in a research report on Friday. StockNews.com lowered shares of 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd.

Get Our Latest Analysis on FLWS

About 1-800-FLOWERS.COM

(Get Free Report)

1-800-FLOWERS.COM, Inc provides gifts for various occasions in the United States and internationally. It operates through three segments: Consumer Floral & Gifts, Gourmet Foods & Gift Baskets, and BloomNet. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements, plants, gifts, personalized products, dipped berries, popcorns, gourmet foods and gift baskets, cookies, chocolates, candies, wines, and gift-quality fruits.