Noble Financial affirms 1-800-FLOWERS.com (Nasdaq: FLWS) with a Hold rating following the company's Q4 report issued Thursday night.

Analyst Michael Kupinski notes the following from the report:

• Fourth quarter revenue and adjusted EBITDA of $228.3M and ($6.8)M were below our $234.0M and ($5.1)M estimate, respectively; revenue was impacted by the early season Easter holiday and expenses by a $3.4M charge related to integration costs
• Management provided fiscal 2016 guidance that was largely in line with our revenue estimate but was better than expected on our adjusted EBITDA and EPS estimates The company anticipates fiscal 2016 revenues to grow in the 5% to 7% range with adj. EBITDA and adj. EPS to grow roughly 10% and in excess of 20%, respectively; we are raising our adj. EBITDA and adj. EPS estimates
• Bottom line guidance is better than expected, but we are concerned with the slow revenue growth environment; adjusting for the Thanksgiving day fire and the first quarter of Harry & David, the company's revenue growth outlook appears to be below 2%
• Given the lackluster revenue growth outlook and reasonable stock valuation, we are maintaining our Hold rating; we believe that the shares may be range bound until there is revenue traction, which may be at least a quarter or two away

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