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

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.