1 800 Flowers Com Inc (FLWS) SEC Filing 10-K Annual report for the fiscal year ending Sunday, July 3, 2016

Exhibit 99.1

1-800-FLOWERS.COM, Inc. Reports Results For Its Fiscal 2016 Fourth Quarter and Full Year

Fourth Quarter Highlights:

• Total revenues increased 2.7 percent to $234.4 million, compared with $228.3 million in the prior year period.
• Adjusted EBITDA*, excluding stock-based compensation, was a loss of $3.0 million, compared with a loss of $1.8 million in the prior year period.
• GAAP EPS was a loss of $0.17 per share compared with a loss of $0.16 per share in the prior year period. Adjusted EPS* was a loss of $0.14 per share compared with a loss of $0.13 per share in the prior year period.

Full Year Highlights:

• Total revenues increased 4.6 percent to $1.17 billion, compared with $1.12 billion in the prior year.
• Adjusted EBITDA^*, excluding stock-based compensation, increased 6.6 percent to $85.8 million compared with $80.4 million in the prior year.
• GAAP EPS was $0.55, compared with $0.30 in the prior year period. Adjusted EPS* was $0.43, compared with $0.34 per share in the prior year.

(*See tables attached to the end of this press release for reconciliation of all adjustments to applicable GAAP results.)

CARLE PLACE, N.Y.--(BUSINESS WIRE)--August 25, 2016--1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), the leading gourmet food and floral gift provider for all occasions, today reported total revenues grew 2.7 percent to $234.4 million for its fiscal 2016 fourth quarter ended July 3, 2016. The revenue increase was driven primarily by the Company’s Consumer Floral segment which grew 4.6 percent for the quarter.

Gross profit margin for the quarter was 42.9 percent, compared with 43.0 percent in the prior year period. This reflects strong gross margin growth in the Company’s Consumer Floral and BloomNet segments offset by lower gross margin in the Company’s Gourmet Foods and Gift Baskets segment primarily due to impact of the shift of the Easter holiday into the Company’s fiscal third quarter compared with the prior year period when Easter fell in the Company’s fiscal fourth quarter. Operating expenses were 49.6 percent of total revenues compared with 49.3 percent in the prior year period.