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SAN FRANCISCO, Sept. 11, 2019 (GLOBE NEWSWIRE) -- 1-800-FLOWERS.COM, Inc. (FLWS:NASDAQ) has developed a profitable Celebratory Ecosystem comprised of e-commerce mainstays including Harry & David®, The Popcorn Factory®, Cheryl’s Cookies®, 1-800-Baskets.com®, Wolferman’s®, Moose Munch®, Simply ChocolateSM, Stock Yards®, and Shari’s Berries®. The company’s focus remains on consumer satisfaction, which has driven strong revenue growth over the past year. New product development and continued innovation in e-commerce technologies, such as its Progressive Web App technology, ensure the company will retain its appeal to investors and customers alike.
Advisor Access spoke with Chris McCann, president and CEO of 1-800-FLOWERS.COM, Inc.
Advisor Access: How would you describe 1-800-FLOWERS.COM, Inc.? What do you feel makes the company a compelling investment opportunity?
Chris McCann: We are the leading provider of gifts designed to inspire more human expression, connection and celebration. Our Celebratory Ecosystem includes an all-star family of brands across a broad variety of product categories, including gourmet foods, gift baskets, and floral gifts for every occasion, making us a one-stop destination for our customers’ gifting needs.
The company just announced strong growth for our fiscal year (FY) 2019 across all three of our business segments…
AA: What are the three business segments of 1-800-FLOWERS.COM, Inc., and which brands are within each segment?
CM: Gourmet Foods & Gift Baskets is our largest business segment and we have a unique collection of brands and product lines versus single-product competition. Fiscal 2019 revenues in this segment increased 7.1% to $648.4 million...Just recently, we further expanded our Celebratory Ecosystem with the acquisition of the Shari’s Berries® brand…
Our Consumer Floral segment is the category leader, and our 1-800-Flowers.com® floral brand has powerful brand equity. Fiscal 2019 revenues in this segment increased 8.8% to $497.8 million…
Our BloomNet® Wire Service segment achieved FY 2019 revenue growth of 14.9%, with revenues for the year increasing to $102.9 million.
AA: What strategies is 1-800-FLOWERS.COM, Inc. using to optimize revenue growth beyond seasonal selling opportunities such as Valentine’s Day, Mother’s Day, and the October-through-December holiday season?
CM: We continue to invest behind our lead brands, Harry & David and the 1-800-Flowers.com consumer floral brand, where we’re driving very strong revenue growth as well as double-digit growth in our customer files…Our multi-brand website is another key element of our cross-brand marketing and merchandising strategy, introducing site visitors to all our brands and prompting them to explore all gift offerings.
AA: In what ways is 1-800-FLOWERS.COM, Inc. innovating to broaden its sales and revenue growth?
CM: Our truly original product designs encompass a continual stream of new and innovative choices across all our gourmet food and floral brands…
Read the complete answers to these questions and more in the full interview with 1-800-Flowers.com Inc., HERE
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1-800-Flowers Inc. has paid Advisor Access a fee to distribute this email. Chris McCann had final approval of the content and is wholly responsible for the validity of the statements and opinions.
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