Welcome to our dedicated page for 1-800-FLOWERS.COM news (Ticker: FLWS), a resource for investors and traders seeking the latest updates and insights on 1-800-FLOWERS.COM stock.
1-800-FLOWERS.COM reports news on an omnichannel gifting business built around floral, gourmet food, gift basket, personalization and related gift brands. Company updates commonly cover quarterly results, segment performance in Consumer Floral & Gifts, Gourmet Foods & Gift Baskets and BloomNet®, and the operating effects of marketing efficiency, customer experience, cost savings and search and direct-traffic trends.
Recurring developments also include distribution partnerships, digital commerce and technology initiatives, and leadership or organizational changes tied to the company's retail platform and local florist and merchant network.
1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) announced it will release financial results for its fiscal 2022 second quarter, ending December 26, 2021, on January 27, 2022. The press release will precede a conference call with senior management at 8:00 a.m. ET. Interested parties can access the call via a live webcast on the Company's Investor Relations website, with a recording available shortly after. This event marks a key moment for investors as the Company shares insights into its financial performance for the past quarter.
BloomNet has launched Farm2Florist, a new wholesale floral marketplace aimed at providing florists with a reliable source of fresh flowers. This initiative is the result of strategic partnerships with leading flower farms worldwide, enabling efficient and cost-effective delivery. President Dinesh Popat emphasized the importance of this service amidst ongoing supply chain challenges in the floral industry. Farm2Florist is designed to streamline procurement, offering members peace of mind, time savings, and enhanced profitability.
BloomNet has launched a Local Delivery Management (LDM) app powered by Route4Me, aimed at enhancing delivery efficiency for florists and gourmet retailers. This app provides real-time updates to drivers, reducing the need for multiple drivers and aiming to improve customer satisfaction by expediting order fulfillment. Key features include route optimization, real-time tracking, and contactless delivery capabilities. The collaboration signifies an investment in logistics technology, potentially increasing profitability for BloomNet members.
1-800-FLOWERS.COM reported a 9.0% revenue increase to $309.4 million for Q1 fiscal 2022, following a 51.5% growth last year. Despite this growth, the company faced a net loss of $13.2 million or ($0.20) per share, compared to a loss of $9.8 million in the prior year. The adjusted EBITDA loss widened to $5.3 million. The company reaffirms its full-year guidance with anticipated revenue growth of 10.0% to 12.0% and adjusted EBITDA growth of 5.0% to 8.0%.
1-800-FLOWERS.COM has expanded its product offerings by acquiring Vital Choice, a provider of premium wild-caught seafood and healthy food products. This acquisition adds over 400 new items, including frozen fish, organic meats, and nutritional supplements, enhancing the Company’s better for you category. With rising consumer interest in healthy options, Vital Choice aligns well with 1-800-FLOWERS.COM’s growth strategy. The new subsidiary will leverage the Company’s e-commerce platform for expanded market reach.
Cheryl's Cookies introduces a new range of innovative baked goods for the fall and holiday seasons, expanding its offerings to over 200 products. New highlights include Bake at Home Cookie Dough and various Cookie Dessert Boards, all made with premium ingredients. The launch aims to enhance customer engagement through activities like Celebrations Book Club and Cookie Convos. The company also announces free shipping for members of its Celebrations Passport loyalty program, enhancing customer loyalty and potentially driving sales for the brand, part of 1-800-FLOWERS.COM.
1-800-FLOWERS.COM (NASDAQ: FLWS) will release its fiscal 2022 first-quarter financial results for the period ending September 26, 2021, on October 28, 2021. A press release will be issued prior to market opening, followed by a conference call at 8:00 a.m. (ET). Investors can tune in via live webcast through the Company's website. A recording will be available shortly after the call. The Company warns that forward-looking statements in the release may involve risks, potentially impacting actual results.
1-800-FLOWERS.COM (NASDAQ: FLWS) has launched its holiday campaign to support No Kid Hungry, aiming to combat childhood hunger in the U.S., where nearly 12 million children face food insecurity. From now until December 24, 2021, 20% of net proceeds from its Season of Sharing collection will be donated. Customers can also donate directly, with $1 providing up to 10 meals. The initiative has previously helped supply up to 1 million meals. In 2020, the company donated over $4.8 million in food products to help combat hunger.
1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) has launched 'Hero', an intelligent enterprise engagement platform powered by SmartGift, enhancing corporate gifting solutions. This integration enables businesses to foster meaningful relationships both virtually and in-person. The platform offers features like Gift Tray for event engagement, automation for recognition programs, and comprehensive metrics to measure success. Hero aims to cater to the increasing need for engagement in hybrid work environments, allowing businesses to customize gifting experiences efficiently.
1-800-FLOWERS.COM (NASDAQ: FLWS) is set to hire over 10,000 seasonal associates for its gourmet foods and gifting brands to meet heightened online demand for the upcoming holiday season. The hiring process is currently in progress across the U.S., primarily in Illinois, Ohio, and Oregon, offering various roles including production, gift assembly, and remote positions. Seasonal hires can transition to permanent roles post-holiday. The company emphasizes competitive wages, flexible scheduling, and a commitment to an inclusive work environment.