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1 800 Flowers Com Inc (FLWS) SEC Filing 10-K Annual report for the fiscal year ending Sunday, June 29, 2014

1 800 Flowers Com Inc

CIK: 1084869 Ticker: FLWS

Exhibit 99.1

1-800-FLOWERS.COM, Inc. Reports Financial Results from Continuing Operations for Its Fiscal 2014 Fourth Quarter and Full Year

Fourth Quarter Highlights:

  • Revenues grew 8.3 percent to $187.4 million, compared with $173.0 million in the prior year period.
  • Gross profit margin percent increased 160 basis points to 42.6 percent, compared with 41.0 percent in the prior year period.
  • EBITDA, excluding stock-based compensation, increased 80.0 percent, or $5.0 million, to $11.3 million, compared with $6.3 million in the prior year period.
  • EPS from continuing operations increased to $0.05 per-fully diluted share, compared with $0.01 per fully-diluted share in the prior year period.

Full Year Highlights:

  • Revenues grew 2.8 percent to $756.3 million, compared with $735.5 million in the prior year.
  • EBITDA, excluding stock-based compensation, was $48.2 million, compared with $48.9 million in the prior year period.
  • EPS from continuing operations was $0.22 per fully-diluted share, compared with $0.24 per fully-diluted share in the prior year.
  • Free Cash Flow grew 34.0 percent to $19.6 million.

CARLE PLACE, N.Y.--(BUSINESS WIRE)--September 11, 2014--1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), the world’s leading florist and gift shop, today reported results for its fiscal 2014 fourth quarter and full year. For the fourth quarter, total revenue from continuing operations increased 8.3 percent to $187.4 million, compared with $173.0 million in the prior year period. The increase primarily reflects the shift of the Easter holiday into the Company’s fiscal fourth quarter, compared with the prior year when the holiday fell in the Company’s fiscal third quarter, as well as continued solid growth in the Company’s BloomNet wire service business and its Gourmet Food and Gift Baskets ecommerce channels.

Gross profit margin from continuing operations for the quarter increased 160 basis points to 42.6 percent, compared with 41.0 percent in the prior year period, primarily reflecting the strong ecommerce and retail revenue growth in the Company’s Gourmet Food and Gift Baskets brands. Operating expense ratio for the quarter improved 70 basis points to 40.0 percent of total net sales, compared with 40.7 percent in the prior year, reflecting the higher revenues in the quarter and the Company’s continued focus on leveraging its operating platform. As a result of these factors, EBITDA for the quarter, excluding stock-based compensation, increased 80 percent to $11.3 million, compared with $6.3 million in the prior year period.


The following information was filed by 1 800 Flowers Com Inc (FLWS) on Thursday, September 11, 2014 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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Stockholders’ Equity
Accounting Policies, By Policy (policies)
Document And Entity Information
Note 1 - Description Of Business
Note 1 - Description Of Business (details)
Note 10 - Fair Value Measurements
Note 10 - Fair Value Measurements (details) - Assets And Liabilities Measured At Fair Value
Note 10 - Fair Value Measurements (tables)
Note 11 - Income Taxes
Note 11 - Income Taxes (details)
Note 11 - Income Taxes (details) - Deferred Income Tax Assets (liabilities)
Note 11 - Income Taxes (details) - Effective Income Tax Rate Reconciliation
Note 11 - Income Taxes (details) - Income Tax Provision From Continuing Operations
Note 11 - Income Taxes (tables)
Note 12 - Capital Stock
Note 12 - Capital Stock (details)
Note 13 - Stock-based Compensation
Note 13 - Stock-based Compensation (details)
Note 13 - Stock-based Compensation (details) - Allocation Of Stock-based Compensation To Operating Expenses
Note 13 - Stock-based Compensation (details) - Non-vested Restricted Stock Activity
Note 13 - Stock-based Compensation (details) - Stock Option Activity
Note 13 - Stock-based Compensation (details) - Stock Options Outstanding
Note 13 - Stock-based Compensation (details) - Stock-based Compensation Expense Recognized
Note 13 - Stock-based Compensation (details) - Stock-based Compensation Valuation Assumptions
Note 13 - Stock-based Compensation (tables)
Note 14 - Employee Retirement Plans
Note 14 - Employee Retirement Plans (details)
Note 15 - Business Segments
Note 15 - Business Segments (details)
Note 15 - Business Segments (details) - Segment Performance
Note 15 - Business Segments (tables)
Note 16 - Discontinued Operations
Note 16 - Discontinued Operations (details)
Note 16 - Discontinued Operations (details) - Results From Discontinued Operations
Note 16 - Discontinued Operations (tables)
Note 17 - Commitments And Contingencies
Note 17 - Commitments And Contingencies (details)
Note 17 - Commitments And Contingencies (details) - Aggregate Future Sublease Rental Income Under Long-term Operating Sub-leases
Note 17 - Commitments And Contingencies (details) - Future Minimum Payments Under Non-cancelable Operating Leases
Note 17 - Commitments And Contingencies (tables)
Note 18 - Subsequent Event - Pending Acquisition Of Harry & David
Note 18 - Subsequent Event - Pending Acquisition Of Harry & David (details)
Note 2 - Significant Accounting Policies
Note 2 - Significant Accounting Policies (details)
Note 2 - Significant Accounting Policies (details) - Property, Plant And Equipment
Note 2 - Significant Accounting Policies (tables)
Note 3 - Net Income Per Common Share From Continuing Operations
Note 3 - Net Income Per Common Share From Continuing Operations (details)
Note 3 - Net Income Per Common Share From Continuing Operations (details) - Computation Of Basic And Diluted Net Income Per Common Share
Note 3 - Net Income Per Common Share From Continuing Operations (tables)
Note 4 - Acquisitions And Dispositions
Note 4 - Acquisitions And Dispositions (details)
Note 4 - Acquisitions And Dispositions (details) - Fair Value Of The Acquisition Purchase Price (iflorist)
Note 4 - Acquisitions And Dispositions (details) - Puchase Price Allocation Of Iflorist
Note 4 - Acquisitions And Dispositions (details) - Purchase Price Allocation Of Fannie May Retail Stores
Note 4 - Acquisitions And Dispositions (tables)
Note 5 - Inventory
Note 5 - Inventory (details) - The Company’s Inventory
Note 5 - Inventory (tables)
Note 6 - Goodwill And Intangible Assets
Note 6 - Goodwill And Intangible Assets (details)
Note 6 - Goodwill And Intangible Assets (details) - Goodwill By Segment
Note 6 - Goodwill And Intangible Assets (details) - Other Intangible Assets
Note 6 - Goodwill And Intangible Assets (tables)
Note 7 - Property, Plant And Equipment
Note 7 - Property, Plant And Equipment (details) - Property, Plant And Equipment
Note 7 - Property, Plant And Equipment (tables)
Note 8 - Accrued Expenses
Note 8 - Accrued Expenses (details) - Accrued Expenses
Note 8 - Accrued Expenses (tables)
Note 9 - Long-term Debt
Note 9 - Long-term Debt (details)
Note 9 - Long-term Debt (details) - Current And Long-term Debt Summary
Note 9 - Long-term Debt (tables)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (details) - Valuation And Qualifying Accounts
Supplemental Cash Flow Information
Supplemental Cash Flow Information (details)
Ticker: FLWS
CIK: 1084869
Form Type: 10-K Annual Report
Accession Number: 0001437749-14-016921
Submitted to the SEC: Fri Sep 12 2014 1:38:16 PM EST
Accepted by the SEC: Fri Sep 12 2014
Period: Sunday, June 29, 2014
Industry: Retail Stores

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