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1-800-FLOWERS.COM, Inc. Reports Results for Its Fiscal 2018 Third Quarter
- Total revenues increased 2.1 percent to $238.5 million compared with $233.7 million in the prior year period. On a comparable basis1 (adjusted for the sale of Fannie May Confection Brands, which closed on May 30, 2017) total revenues increased 10.2 percent.
- EPS loss for the quarter was $0.13, compared with an EPS loss of $0.17 in the prior year period. On a comparable basis1, EPS loss in the prior year period was $0.15.
- Adjusted EBITDA1 was a loss of $3.6 million, compared with a loss of $5.1 million in the prior year period.
(1Refer to “Definitions of Non-GAAP Financial Measures” and the tables attached at the end of this press release for reconciliation of Non-GAAP (“Adjusted” and “Comparable”) results to applicable GAAP results.)
CARLE PLACE, N.Y.--(BUSINESS WIRE)--May 1, 2018--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 third quarter ended April 1, 2018.
Chris McCann, CEO of 1-800-FLOWERS.COM, Inc., said, “During the fiscal third quarter, we achieved top and bottom-line growth across all three of our business segments. This was driven by strong revenue growth for the 1-800-Flowers.com brand, where we further extended our market leading position with revenue growth of nearly nine percent for the quarter and more than ten percent during the key Valentine holiday. In addition, we saw a continuation of accelerated ecommerce growth in Harry & David, which grew at a double-digit pace during the quarter.”
McCann noted that the Company’s BloomNet business returned to top and bottom-line growth during the third quarter, driven by increased sales of wholesale products and digital and web marketing services for local florists. “BloomNet is also seeing increasing order volumes from the 1-800-Flowers brand as well as from shop-to-shop orders. As a result, the business is well positioned to build upon these results and enhance its market position during the current fourth quarter and going forward,” he said.
The following information was filed by 1 800 Flowers Com Inc (FLWS) on Tuesday, May 1, 2018 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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