1-800-Flowers.com Q2 Adj EPS $1.27 Beats $1.22 Estimate, Sales $822.05M Miss $825.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
1-800-Flowers.com (FLWS) reported Q2 adjusted EPS of $1.27, surpassing the $1.22 estimate, but sales of $822.05M fell short of the $825.20M forecast. This represents a slight decrease in earnings and an 8.45% drop in sales from the previous year.
February 01, 2024 | 11:47 am
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1-800-Flowers.com reported a mixed Q2 with earnings beating estimates but sales missing expectations, indicating a slight decrease in profitability and a notable sales drop from last year.
The mixed earnings report from 1-800-Flowers.com, with an EPS beat but a miss on sales, presents a nuanced picture for investors. The slight beat on EPS may provide some positive sentiment, but the miss on sales and the year-over-year decrease in both earnings and sales could temper optimism. Given these factors, the short-term impact on FLWS's stock price is likely to be neutral as investors digest both the positive and negative aspects of the report.
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IMPORTANCE 75
RELEVANCE 100