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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:
Full Year Highlights:
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.
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1 800 Flowers Com Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
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1 800 Flowers Com Inc provided additional information to their SEC Filing as exhibits
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