1-800-Flowers sees $724k in stock acquisitions by Pleasant Lake Partners

In recent transactions, Pleasant Lake Partners LLC, along with related entities PLP Funds Master Fund LP and Fund 1 Investments, LLC, collectively acquired shares of 1-800-Flowers.com Inc. (NASDAQ:FLWS), currently valued at approximately $419 million, valued at approximately $724,248. The stock is trading near its 52-week low of $6.13, having declined over 21% year-to-date. These acquisitions took place over three consecutive days from March 5 to March 7, 2025, with purchase prices ranging from $6.4329 to $6.5187 per share.

The transactions involved the acquisition of a total of 111,500 shares of Class A Common Stock. Following these purchases, the entities now collectively hold 7,754,469 shares. The securities are held for the benefit of PLP Funds Master Fund LP, with Pleasant Lake Partners LLC serving as the investment adviser.

This series of acquisitions reflects the continued investment interest by these entities in 1-800-Flowers, a leading retailer in the floral and gourmet foods industry. InvestingPro data shows the company maintains high shareholder yield and trades at an attractive revenue multiple, with 8 additional key insights available to subscribers.

In other recent news, 1-800-FLOWERS.COM reported its second-quarter fiscal year 2025 results, showing a 6% decline in sales to $776 million, which missed analysts’ expectations by $27 million. The company also reported earnings per share of $1.08, falling short of the anticipated $1.20. This underperformance was attributed in part to a $20 million impact from a systems issue in the food business. Following these results, 1-800-FLOWERS.COM reduced its full-year 2025 EBITDA guidance by 22%, with the revised midpoint now at $70 million, below the pre-pandemic FY19 EBITDA of $82 million.

Despite these challenges, the company has partnered with Uber Technologies (NYSE:UBER) to enhance delivery capabilities through Uber Direct, aiming to improve logistics for florists in the BloomNet network, especially during peak seasons like Valentine’s Day. The partnership is operational across the U.S. in over 1,000 BloomNet network shops. Additionally, DA Davidson maintained a Neutral rating on 1-800-FLOWERS.COM with a price target of $7.50, reflecting the company’s current financial adjustments. The company continues to focus on cost reduction and leveraging AI for personalized marketing, while also exploring potential mergers and acquisitions to bolster its business strategy.

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