The 10-second takeaway
For the quarter ended Dec. 30 (Q2), 1-800-Flowers.com met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped.
Gross margins dropped, operating margins were steady, net margins contracted.
1-800-Flowers.com logged revenue of $253.0 million. The five analysts polled by S&P Capital IQ expected sales of $254.6 million on the same basis. GAAP reported sales were 5.5% higher than the prior-year quarter's $239.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.24. The five earnings estimates compiled by S&P Capital IQ predicted $0.24 per share. GAAP EPS of $0.24 for Q2 were 4.0% lower than the prior-year quarter's $0.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 41.3%, 50 basis points worse than the prior-year quarter. Operating margin was 10.3%, about the same as the prior-year quarter. Net margin was 6.3%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $192.9 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $755.5 million. The average EPS estimate is $0.23.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 142 members out of 238 rating the stock outperform, and 96 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give 1-800-Flowers.com a green thumbs-up, and 32 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on 1-800-Flowers.com is outperform, with an average price target of $5.00.
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