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What To Expect From 1-800-FLOWERS's (FLWS) Q1 Earnings

StockStory - Wed May 1, 2:12AM CDT

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E-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) will be reporting results tomorrow before market open. Here's what to look for.

1-800-FLOWERS met analysts' revenue expectations last quarter, reporting revenues of $822.1 million, down 8.4% year on year. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

Is 1-800-FLOWERS a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting 1-800-FLOWERS's revenue to decline 8.1% year on year to $383.8 million, improving from the 11.1% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.25 per share.

1-800-FLOWERS Total Revenue

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 five times over the last two years.

Looking at 1-800-FLOWERS's peers in the specialized consumer services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. ADT's revenues decreased 5.3% year on year, meeting analysts' expectations, and Pool reported a revenue decline of 7.1%, in line with consensus estimates. ADT traded up 1% following the results while Pool was down 1.3%.

Read our full analysis of ADT's results here and Pool's results here.

Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. But the beginning of 2024 has seen more volatile stock performance thanks to mixed inflation data, and while some of the specialized consumer services stocks have fared somewhat better, they have not been spared, with share prices down 5.9% on average over the last month. 1-800-FLOWERS is down 8.6% during the same time and is heading into earnings with an average analyst price target of $12.4 (compared to the current share price of $9.2).

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