In a year marked by challenging market conditions, 1-800 FLOWERS.COM , Inc. (NASDAQ:FLWS) has seen its shares wither to a 52-week low, touching down at $7.12. With a market capitalization of $458 million and annual revenue of $1.8 billion, the company maintains a healthy current ratio of 1.44, indicating solid short-term liquidity. The online floral and gift retailer, known for delivering smiles through a variety of thoughtful gifts, has faced a thorny path over the past year, with a year-to-date decline of -30.52%. This latest price level underscores the hurdles the company has encountered in a competitive e-commerce landscape, as well as the broader economic pressures that have left investors cautious and searching for more fertile ground. InvestingPro analysis suggests the stock may be undervalued at current levels, with additional insights available through their comprehensive Pro Research Report, which covers over 1,400 US stocks.
In other recent news, 1-800-FLOWERS.COM reported a 10% year-over-year decline in consolidated revenue in the first quarter of fiscal year 2025. Despite this, the company anticipates a significant increase in sales during the holiday season, fueled by new initiatives such as exclusive Harry & David pop-up shops in select Macy's (NYSE:M) locations. In line with this, DA Davidson revised its price target for the company to $7.50 while maintaining a Neutral rating on the stock.
The company also announced the results of its Annual Meeting of Stockholders, where ten nominees were elected to the board of directors for a one-year term. Additionally, the appointment of BDO USA, P.C. as the independent registered public accounting firm for the fiscal year ending June 29, 2025, was ratified by stockholders.
In the backdrop of these developments, 1-800-FLOWERS.COM maintains its full-year sales and EBITDA guidance for fiscal 2025, expecting revenue growth to be flat to mid-single digits down, with an adjusted EBITDA projected to be between $85 million and $95 million. The company is also focusing on enhancing customer experiences and leveraging artificial intelligence in customer service as part of its recent strategic initiatives.
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