1-800-FLOWERS.COM First Quarter 2023 Earnings: Beats Expectations
1-800-FLOWERS.COM (NASDAQ:FLWS) First Quarter 2023 Results
Key Financial Results
Revenue: US$303.6m (down 1.9% from 1Q 2022).
Net loss: US$33.7m (loss widened by 155% from 1Q 2022).
US$0.52 loss per share (further deteriorated from US$0.20 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
1-800-FLOWERS.COM Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Online Retail industry in the US.
Performance of the American Online Retail industry.
The company's shares are up 18% from a week ago.
You should learn about the 3 warning signs we've spotted with 1-800-FLOWERS.COM (including 1 which shouldn't be ignored).
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here