1-800-FLOWERS.COM Reiterates FY24 Guidance
Portfolio Pulse from Benzinga Newsdesk
1-800-FLOWERS.COM has reiterated its Fiscal 2024 guidance, expecting a revenue decline of 7% to 9% compared to the previous year, with Adjusted EBITDA projected to be between $95 million and $100 million, and Free Cash Flow anticipated to be between $60 million and $65 million.
May 02, 2024 | 10:48 am
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NEGATIVE IMPACT
1-800-FLOWERS.COM has confirmed its Fiscal 2024 financial guidance, indicating a revenue decline but maintaining solid EBITDA and Free Cash Flow projections.
The reiteration of the fiscal 2024 guidance by 1-800-FLOWERS.COM, especially the projected decline in revenue, could lead to negative investor sentiment in the short term. However, the maintenance of solid EBITDA and Free Cash Flow projections might mitigate some concerns. The direct impact on the stock price is likely to be negative due to the anticipated revenue decline, which is a critical factor for investors. The high relevance score is due to the company being the sole focus of the news, and the importance is high because financial guidance directly affects investor expectations and valuation models.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100