E-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ: FLWS) will be reporting results this Thursday before market open. Here’s what investors should know.
1-800-FLOWERS met analysts’ revenue expectations last quarter, reporting revenues of $702.2 million, down 9.5% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.
Is 1-800-FLOWERS a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting 1-800-FLOWERS’s revenue to decline 11.3% year on year, improving from the 12.6% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. 1-800-FLOWERS has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at 1-800-FLOWERS’s peers in the consumer discretionary - specialized consumer services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Matthews’s revenues decreased 39.5% year on year, beating analysts’ expectations by 2%, and Mister Car Wash reported revenues up 6.2%, topping estimates by 1%. Matthews’s stock price was unchanged after the resultsand Mister Car Wash’s price followed a similar reaction.
Read our full analysis of Matthews’s results here and Mister Car Wash’s results here.
There has been positive sentiment among investors in the consumer discretionary - specialized consumer services segment, with share prices up 6% on average over the last month. 1-800-FLOWERS is up 13.5% during the same time and is heading into earnings with an average analyst price target of $4.88 (compared to the current share price of $3.64).
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