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Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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1 800 flowers.com inc cl a / Equity Bottom-Up

<ul><li>FLWS reported 3QFY25 ongoing EPS of ($0.71) versus ($0.28) in 3QFY24, well below our ($0.35) estimate and consensus of ($0.34).</li><li>3QFY25 sales declined 12.6% to $331.5 million, below our outlook for a 3.4% decline to $366.6 million and consensus of $365.0 million.</li><li>This is a sequential deceleration from the 5.7% sales decline in the seasonally important F2Q as well as from the 7.8% sales decline the company reported for all of CY24.</li></ul>

FLWS reported 3QFY25 ongoing EPS of ($0.71) versus ($0.28) in 3QFY24, well below our ($0.35) estimate and consensus of ($0.34).3QFY25 sales declined 12.6% to $331.5 million, below our outlook for a 3.4% decline to $366.6 million and consensus of $365.0 million.This is a sequential deceleration from the 5.7% sales decline in the seasonally important F2Q as well as from the 7.8% sales decline the company reported for all of CY24.

1-800-Flowers.com, Inc. - 3QFY25 Well Below Expectations

<ul><li>FLWS recently announced that Harry &amp; David has opened a retail storefront in Huntington, New York.</li><li>This is the first opening of a Harry &amp; David store since it permanently shuttered 38 of its 39 stores, which were forced to close during the pandemic.</li><li>This is a test lab for expanding Harry &amp; David back into retail to leverage the strong brand equity that has been built through its large e-commerce business. </li></ul>

FLWS recently announced that Harry &amp; David has opened a retail storefront in Huntington, New York.This is the first opening of a Harry &amp; David store since it permanently shuttered 38 of its 39 stores, which were forced to close during the pandemic.This is a test lab for expanding Harry &amp; David back into retail to leverage the strong brand equity that has been built through its large e-commerce business. 

1-800-Flowers.com, Inc - H&D Opens Store on Long Island; Bloomnet Partners with Uber

<ul><li>FLWS reported 1QFY25 ongoing EPS of ($0.51), slightly below our forecast of ($0.48) and the ($0.48) reported in the year-ago quarter, although better than consensus of ($0.53).</li><li>Sales declined 10.0% to $242.1 million, below our forecast for a 7.1% decline to $249.9 million and consensus of $246.9 million.</li><li>E-commerce revenue declined 8.0%, with orders down 6.5% and average order value down 1.5%. </li></ul>

FLWS reported 1QFY25 ongoing EPS of ($0.51), slightly below our forecast of ($0.48) and the ($0.48) reported in the year-ago quarter, although better than consensus of ($0.53).Sales declined 10.0% to $242.1 million, below our forecast for a 7.1% decline to $249.9 million and consensus of $246.9 million.E-commerce revenue declined 8.0%, with orders down 6.5% and average order value down 1.5%. 

1-800-Flowers.com, Inc. - 1QFY25 About as Expected; No Changes to FY Estimates

<ul><li>We recently hosted a fireside chat with CFO Bill Shea and CAO James Langrock, who will move into the CFO role once Shea retires on December 29.</li><li>This report contains a transcript of the conversation, which can be accessed on demand.</li><li>Shea recounted his tenure at FLWS that went from being a floral company with a bunch of retail flower shops and a WATS line doing $150 million in sales to being the leading online gifting platform that it is today; from coming public during the dot.com bubble and managing through the Great Recession, and through all of the acquisitions the company has made over the past 20+ years, including the seminal Harry &amp; David purchase in 2014, which it had tried to buy earlier in the previous decade.</li></ul>

We recently hosted a fireside chat with CFO Bill Shea and CAO James Langrock, who will move into the CFO role once Shea retires on December 29.This report contains a transcript of the conversation, which can be accessed on demand.Shea recounted his tenure at FLWS that went from being a floral company with a bunch of retail flower shops and a WATS line doing $150 million in sales to being the leading online gifting platform that it is today; from coming public during the dot.com bubble and managing through the Great Recession, and through all of the acquisitions the company has made over the past 20+ years, including the seminal Harry &amp; David purchase in 2014, which it had tried to buy earlier in the previous decade.

1-800-Flowers.com, Inc. - Expect CFO Transition to Be Seamless

<ul><li>FLWS recently announced 4QFY24 results that were below our expectations.</li><li>Sales declined 9.5% versus our estimate of a 4.1% decline, and ongoing EBITDA was a loss of $8.8 million versus our estimate for a loss of $4.0 million.</li><li>Gross margin of 38.4% was better than our 38.0% estimate and the 37.1% reported in the year-ago quarter, continuing the favorable margin trends FLWS has been seeing all year.</li></ul>

FLWS recently announced 4QFY24 results that were below our expectations.Sales declined 9.5% versus our estimate of a 4.1% decline, and ongoing EBITDA was a loss of $8.8 million versus our estimate for a loss of $4.0 million.Gross margin of 38.4% was better than our 38.0% estimate and the 37.1% reported in the year-ago quarter, continuing the favorable margin trends FLWS has been seeing all year.

1-800-Flowers.com, Inc - FLWS: Trimming Estimates Following 4QFY24 Release

United States

1-800-FLOWERS.COM, Inc. is an e-commerce provider of floral products and gifts. The Company's product offerings, including fresh-cut and seasonal flowers, plants, floral arrangements, and home and garden merchandise, can be purchased online or by calling its toll-free telephone number.

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1 800 flowers.com inc cl a (FLWS US)

1-800-Flowers.com, Inc. - 3QFY25 Well Below Expectations

3QFY25 sales declined 12.6% to $331.5 million, below our outlook for a 3.4% decline to $366.6 million and consensus of $365.0 million.

Water Tower Research

1-800-Flowers.com, Inc - H&D Opens Store on Long Island; Bloomnet Partners with Uber

This is a test lab for expanding Harry & David back into retail to leverage the strong brand equity that has been built through its large e...

Water Tower Research

1-800-Flowers.com, Inc. - 1QFY25 About as Expected; No Changes to FY Estimates

FLWS reported 1QFY25 ongoing EPS of ($0.51), slightly below our forecast of ($0.48) and the ($0.48) reported in the year-ago quarter, although...

Water Tower Research

1-800-Flowers.com, Inc. - Expect CFO Transition to Be Seamless

We recently hosted a fireside chat with CFO Bill Shea and CAO James Langrock, who will move into the CFO role once Shea retires on December 29.

Water Tower Research

1-800-Flowers.com, Inc - FLWS: Trimming Estimates Following 4QFY24 Release

Sales declined 9.5% versus our estimate of a 4.1% decline, and ongoing EBITDA was a loss of $8.8 million versus our estimate for a loss of $4.0...

Water Tower Research

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