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Exhibit 99.1
1-800-FLOWERS.COM, Inc. Reports Financial Results for its Fiscal 2009 Fourth Quarter and Full Year
- Company Announces Achieving $50 Million in Operating Expense Reductions and Provides Guidance for Significant Bottom-Line Growth in Current Fiscal Year
- Company’s Home and Children’s Gifts Segment is Presented as a Discontinued Operation and the Company is Actively Engaged in a Sale Process
CARLE PLACE, N.Y.--(BUSINESS WIRE)--August 20, 2009--1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS):
Fiscal 2009 Fourth Quarter and Full-Year Results From Continuing Operations
During the fiscal fourth quarter, the Company made the strategic decision to divest its Home and Children’s Gifts business segment to focus on its core Floral and Gourmet Foods and Gift Baskets categories. The Company anticipates completing the divestiture of its Home and Children’s Gifts segment in fiscal 2010. Therefore, the segment’s results are not included in results from continuing operations for all periods presented in the Company’s consolidated financial statements herein, unless otherwise noted. Also, the Company’s results include a number of non-recurring items which impact comparability. These items are excluded from the adjusted results presented in the table below and throughout this release.
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Quarter Ended |
Year Ended |
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June |
June |
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($000 except EPS) |
2009 |
2008 |
Change |
2009 |
2008 |
Change |
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Continuing operations: |
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| Revenues | $172.5 | $186.9 | (7.8%) | $714.0 | $739.2 | (3.4%) | |||||||||
| Gross Profit Margin | 38.6% | 40.8% | (220) bps | 39.4% | 42.2% | (280) bps | |||||||||
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Net Income (Loss) from |
($13.1) | $4.8 | ($17.9) | ($66.5) | $22.0 | ($88.5) | |||||||||
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Adjusted Net Income (Loss) |
($2.8) | $4.8 | ($7.6) | $7.4 | $22.0 | ($14.6) | |||||||||
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EPS from continuing operations |
($0.21) | $0.07 | ($0.28) | ($1.05) | $0.34 | ($1.39) | |||||||||
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Adjusted EPS from continuing |
($0.04) | $0.07 | ($0.11) | $0.11 | $0.34 | ($0.23) | |||||||||
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Adjusted EBITDA from |
$2.7 | $12.7 | ($10.0) | $36.5 | $57.1 | ($20.6) | |||||||||
The following information was filed by 1 800 Flowers Com Inc (FLWS) on Thursday, August 20, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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1 800 Flowers Com Inc provided additional information to their SEC Filing as exhibits
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Ticker: FLWS
CIK: 1084869
Form Type: 10-K Annual Report
Accession Number: 0001084869-09-000027
Submitted to the SEC: Fri Sep 11 2009 3:19:26 PM EST
Accepted by the SEC: Fri Sep 11 2009
Period: Sunday, June 28, 2009
Industry: Retail Stores
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