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1-800-FLOWERS.COM, Inc. Reports Results for Its Fiscal 2018 First Quarter
- Total revenues were $157.3 million compared with $165.8 million in the prior year period. Adjusted for the sale of Fannie May Confection Brands (which closed on May 30, 2017), total revenues increased 1.81 percent.
- EPS loss for the quarter was $0.20 per share, compared with a loss of $0.24 per share in the prior year period. Adjusted for the sale of Fannie May, the prior year period EPS loss was $0.201 per share.
- Adjusted EBITDA1 was a loss of $10.1 million, compared with an Adjusted EBITDA1 loss of $13.1 million in the prior year period. Reflecting the sale of Fannie May, Adjusted EBITDA1 loss in the prior year period was $9.5 million.
(1 Refer to “Definitions of Non-GAAP Financial Measures” and the tables attached at the end of this press release for reconciliation of Non-GAAP results to applicable GAAP results.)
CARLE PLACE, N.Y.--(BUSINESS WIRE)--October 31, 2017--1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading gourmet food and floral gift provider for all occasions, today reported results for its Fiscal 2018 first quarter.
Chris McCann, CEO of 1-800-FLOWERS.COM, Inc., said, “During our fiscal first quarter, we saw a continuation of several positive trends in our business. While reported revenues were down approximately five percent, comparable revenues1 – which are adjusted for the sale of the Fannie May business last quarter – increased approximately two percent.”
McCann said that comparable revenue growth in the quarter was primarily driven by the Company’s gourmet food and gift baskets segment, which grew more than four percent in the period, reflecting year-over-year increases in all of its food gift brands. “Importantly, we saw an acceleration of the positive trends in our Harry & David business, which grew more than five percent for the quarter. Combined with growth in our Consumer Floral segment, this more than offset lower sales in BloomNet.”
The following information was filed by 1 800 Flowers Com Inc (FLWS) on Tuesday, October 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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