1-800-FLOWERS.Com (FLWS) Regains Lost Ground Following Solid Q2

1-800-FLOWERS.Com (NASDAQ: FLWS) is making up some lost ground after posting solid second quarter results before the bell Thursday. Shares last traded up 1.38% to $6.42 after falling 9.4% on Thursday.

EPS grew 35.3 percent, or $0.24 per diluted share, to $0.92. Adjusted EPS was $0.83 , up 10.8 percent, or $0.09. The Street was looking for $0.89.

Total revenues from continuing operations grew 2.6 percent, or $14.1 million, to $548.4 million, compared with $534.3 million in the prior year period. Wall Street was looking for $563.91 million.

Jim McCann, CEO of 1-800-FLOWERS.COM, said, “During the fiscal second quarter, we achieved a double-digit increase in our bottom-line results through our continued rigorous focus on marketing, merchandising and operating costs across the enterprise. We are pleased with these results, particularly in light of a challenging environment characterized by lower retail traffic, heightened levels of promotions and uneven consumer demand.”

Looking ahead, the company said it expects to achieve consolidated revenue growth for the year in a range of four-to-five percent, compared with revenues of $1.12 billion reported for fiscal 2015. This would suggest revenue of approximately $1.165-$1.176 billion, essentially matching the Wall Street consensus of $1.18 billion.

The Company expects to grow EBITDA approximately 10 percent and EPS in excess of 20 percent, compared with pro forma fiscal 2015 Adjusted EBITDA of $80.5 million and pro forma fiscal 2015 Adjusted EPS of $0.33 per diluted share. This would suggests EPS of at least $0.40 versus the consensus of $0.42.

Based on the current market price of $6.42, the P/E ratio on this year's number is about 15x.

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