FLWS - 1-800-Flowers.com rips big post-earnings gain
1-800-Flowers.com ([[FLWS]] +15.2%) soars after the company sails past consensus marks with its Q1 earnings report and issues upbeat guidance.CEO update: "We enter the fiscal fourth quarter with continued strong momentum and we expect double digit topline growth for the quarter despite the steep change in ecommerce growth which began in the prior year fourth quarter that we are now comparing against. That will put us on track to achieve over $2 billion of revenue in our current fiscal year."The company's board also authorized share buybacks of $40M. The new authorization replenishes and increases a previous $30M authorization that had approximately $4M remaining after the company had returned approximately $26M to shareholders by repurchasing shares over the past two years.Read more details on the FQ3 earnings report.FLWS was featured in Seeking Alpha's Catalyst Watch with some notable share price action anticipated.
For further details see:
1-800-Flowers.com rips big post-earnings gain