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1-800-FLOWERS.COM, Inc. Reports Top- and Bottom-Line Growth In All Three Of Its Business Segments For Its Fiscal 2017 Second Quarter
- Total revenues from continuing operations was $554.6 million, up 1.1 percent compared with $548.4 million in the prior year period.
- EBITDA, excluding stock-based compensation, increased to $107.4 million, compared with $104.8 million in the prior year period.
- EPS was $0.93 per diluted share, compared with $0.92 in the prior year period.
CARLE PLACE, N.Y.--(BUSINESS WIRE)--January 31, 2017--1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), the leading gourmet food and floral gift provider for all occasions, today reported results for its fiscal 2017 second quarter. Chris McCann, CEO of 1-800-FLOWERS.COM, said, “During the fiscal second quarter, we achieved consolidated top and bottom-line growth in what was a challenging consumer environment throughout much of the holiday season. Our results for the period, including year-over-year increases in revenues, gross margin, EBITDA and EPS, reflect positive contributions from all three of our business segments.”
McCann noted that while total revenue growth for the quarter was more modest than the Company’s expectations, “We saw good performance in a number of areas during the period, particularly in our floral businesses. 1-800-Flowers.com continued its trend of topline growth, extending its market leading position as well as its record of consecutive quarters with increased bottom-line contribution. In addition, our BloomNet business achieved solid revenue growth to go along with its consistently strong bottom line. In our Gourmet Food and Gift Baskets segment, we achieved ecommerce growth in our Harry & David, Cheryl’s, The Popcorn Factory and 1-800-Baskets brands.
“These positive results were partially offset by slower overall growth at Harry & David, our largest brand in food gifting, which accounts for the majority of total revenues during the quarter. While Harry & David grew revenues in its primary ecommerce channel, this was largely offset by lower year-over-year sales in its retail channel.”
The following information was filed by 1 800 Flowers Com Inc (FLWS) on Tuesday, January 31, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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