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1-800-FLOWERS.COM, Inc. Reports Results for Its Fiscal 2017 Third Quarter
- Total revenues were $233.7 million compared with $234.2 million in the prior year period. Strong growth of 10.2 percent and 7.0 percent in the Company’s Consumer Floral and BloomNet segments, respectively, was offset by lower year-over-year revenues in its Gourmet Food and Gift Baskets segment due primarily to the shift of the Easter holiday into the Company’s fiscal fourth quarter.
- EBITDA, excluding stock-based compensation expense, was a loss of $6.5 million, compared with a loss of $4.0 million in the prior year period, primarily reflecting the impact of the Easter holiday shift.
- GAAP EPS loss for the quarter was $0.17, compared with a GAAP EPS loss of $0.14 per share in the prior year period, also primarily reflecting the impact of the Easter holiday shift.
CARLE PLACE, N.Y.--(BUSINESS WIRE)--May 2, 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 third quarter ended April 2, 2017.
Chris McCann, CEO of 1-800-FLOWERS.COM, Inc., said, “During the fiscal third quarter, we achieved strong performance in our Consumer Floral and BloomNet segments. Revenues for the 1-800-Flowers.com brand increased more than 10 percent and contribution margin increased more than 15 percent. BloomNet also achieved solid revenue growth, up 7 percent for the period, along with 6 percent growth in its bottom-line contribution. These results illustrate the leverage in our business model as well as our focus on efficient marketing and merchandising programs combined with truly original product offerings.”
McCann said that both the Consumer Floral and BloomNet segments benefited from the shift of the Valentine holiday to a Tuesday day placement this year. “In our floral businesses, we more than offset the impact of the Easter shift by continuing to drive strong growth in our everyday gifting business and maximizing the benefit of the weekday placement for the Valentine holiday. However, the later Easter date this year moved significant revenues out of the third quarter in our Gourmet Food and Gift Baskets segment. Combined with the timing of some Harry & David revenues, this impacted both top and bottom line results for the quarter.”
The following information was filed by 1 800 Flowers Com Inc (FLWS) on Tuesday, May 2, 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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