Overview
E-commerce provider's fiscal Q2 revenue slightly beat analyst expectations despite a 9.5% decline
Adjusted net income for Q2 beat analyst expectations
Adjusted EBITDA for Q2 beat analyst estimates
Outlook
Company expects second-half fiscal 2026 revenue to decline in low double-digit range
Company anticipates slight decline in second-half fiscal 2026 adjusted EBITDA
1-800-Flowers.com focuses on cost savings and organizational efficiency for long-term growth
Result Drivers
STRATEGIC SHIFT - Revenue declined 9.5% due to a strategic focus on improving marketing effectiveness and profitability
COST OPTIMIZATION - Operating expenses decreased due to lower marketing and labor costs
ORGANIZATIONAL STREAMLINING - Efforts to transform structure into a more efficient organization are underway
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Beat* | $702.20 mln | $700.58 mln (3 Analysts) |
Q2 Adjusted Net Income | Beat | $76.70 mln | $57.10 mln (3 Analysts) |
Q2 Net Income | $70.60 mln | ||
Q2 Adjusted EBITDA | Beat | $98.10 mln | $87.47 mln (3 Analysts) |
Q2 Gross Margin | 42.10% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy."
Wall Street's median 12-month price target for 1-800-Flowers.Com Inc is $9.00, about 122.8% above its January 28 closing price of $4.04
Press Release: ID:nBw6zLtZpa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)