E-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ: FLWS) will be announcing earnings results this Thursday morning. Here’s what investors should know.
1-800-FLOWERS met analysts’ revenue expectations last quarter, reporting revenues of $293 million, down 11.6% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS 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 12.8% year on year, a further deceleration from the 6.7% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 Q2 results, giving us a hint as to what we can expect. H&R Block delivered year-on-year revenue growth of 3%, beating analysts’ expectations by 2.5%, and Frontdoor reported revenues up 4.5%, in line with consensus estimates. H&R Block traded up 16.1% following the results while Frontdoor was also up 18.9%.
Read our full analysis of H&R Block’s results here and Frontdoor’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the consumer discretionary - specialized consumer services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.3% on average over the last month. 1-800-FLOWERS is down 6.5% during the same time and is heading into earnings with an average analyst price target of $5.50 (compared to the current share price of $3.72).
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