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1 800 Flowers Com Inc (FLWS) SEC Filing 10-K Annual report for the fiscal year ending Sunday, June 27, 2010

1 800 Flowers Com Inc

CIK: 1084869 Ticker: FLWS

Exhibit 99.1

1-800-FLOWERS.COM, Inc. Reports Financial Results for Its Fiscal 2010 Fourth Quarter and Full Year

CARLE PLACE, N.Y.--(BUSINESS WIRE)--August 19, 2010--

Adjusted results in the tables below exclude certain, one-time charges incurred during the fiscal year, including $1.9 million for the early termination of a merchandising agreement, $1.0 million in costs associated with the ending of a third-party marketing program and $0.9 million in costs related to settlement of a legal action. A reconciliation of adjusted results to the applicable GAAP results is included in the tables attached at the end of this release.

  Quarter Ended       Year Ended

June 27, 2010

June 27, 2010
($000 except EPS)

2010

 

2009

 

Change

2010

 

2009

 

Change

Continuing operations:

Revenues $165.4 $172.5 (4.1%) $667.7 $714.0 (6.5%)
Gross Profit Margin 38.1% 38.6% (50 bps) 39.8% 39.4% 40 bps
Net Income (Loss) ($3.2) ($13.1) $9.9 ($2.1) ($66.5) $64.4

Adjusted Net Income (Loss)1

($1.2) ($2.8) $1.6 $0.5 $7.4 ($6.9)
EPS ($0.05) ($0.21) $0.16 ($0.03) ($1.05) $1.02
Adjusted EPS1 ($0.02) ($0.04) $0.02 $0.01 $0.11 ($0.10)
Adjusted EBITDA2 $4.8 $2.7 $2.1 $28.6 $36.5 ($7.9)
 
 

Quarter Ended

Year Ended

June 27, 2010

June 27, 2010

2010

2009

Change

2010

2009

Change

Consolidated operations:

Net Income (Loss) ($5.0) ($22.2) $17.2 ($4.2) ($98.4) $94.2
EPS ($0.08) ($0.35) $0.27 ($0.07) ($1.55) $1.48
(1)   Refer to Appendix A – Reconciliations of Historical Information: Reconciliation of Net Loss from Continuing Operations to Adjusted Net Income (Loss) from Continuing Operations.
 
(2) Refer to Appendix A – Reconciliations of Historical Information: Reconciliation of Net Loss from Continuing Operations to Adjusted EBITDA from Continuing Operations.

The following information was filed by 1 800 Flowers Com Inc (FLWS) on Thursday, August 19, 2010 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's Definitive Proxy Statement (Form DEF 14A) filed after their 2010 10-K Annual Report includes:

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SEC Filing Tools
Ticker: FLWS
CIK: 1084869
Form Type: 10-K Annual Report
Accession Number: 0001084869-10-000010
Submitted to the SEC: Fri Sep 10 2010 3:33:14 PM EST
Accepted by the SEC: Fri Sep 10 2010
Period: Sunday, June 27, 2010
Industry: Retail Stores

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