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FLWS - 1-800-Flowers.Com: The Market Overreacted To The Profitability Guidance
1-800-FLOWERS.COM Inc.
Investors were disappointed with the company's 2022 profitability guidance. However, in our opinion, the market overreacted.
Problems with the supply chain are the only reason margins are under pressure. Fundamentally, the FLWS business has gotten a lot better over the past two years.
According to our valuation, FLWS trades at a discount to a fair market value.
Despite the low P/B, the book value per share is growing steadily due to retained earnings.