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1 800 Flowers Com Inc (FLWS) SEC Filing 10-K Annual report for the fiscal year ending Sunday, July 1, 2018

1 800 Flowers Com Inc

CIK: 1084869 Ticker: FLWS

Exhibit 99.1

1-800-FLOWERS.COM, Inc. Reports Results for Its Fiscal 2018 Fourth Quarter and Full Year

Fourth Quarter Highlights:

  • Total reported revenues were $229.9, compared with $239.5 million in the prior year period, reflecting the shift of the Easter holiday into the Company’s fiscal third quarter and the Company’s sale of Fannie May Confections in May of 2017. Adjusted for the sale of Fannie May(1), total revenues increased 1.7 percent.
  • EPS was ($0.13), compared with $0.12 per share in the prior year period. Adjusted EPS(1) was ($0.12), compared with ($0.11) in the prior year period.
  • Adjusted EBITDA1 was a loss of $1.8 million, compared with an Adjusted EBITDA loss of $1.2 million in the prior year period, primarily reflecting the Easter shift.

Full Year Highlights:

  • Total reported revenues were $1.15 billion, compared with $1.19 billion in the prior year period. Adjusted for the sale of Fannie May(1), total revenues increased 3.7 percent, primarily reflecting accelerating revenue growth in the Company’s two largest brands, 1-800-Flowers.com and Harry & David.
  • EPS was $0.61, compared with $0.65 in the prior year period. Adjusted EPS(1) was $0.44, compared with $0.44 in the prior year period.
  • Adjusted EBITDA(1), was $78.9 million, compared with $85.9 million in the prior year.

Fiscal 2019 Outlook:

  • The Company expects to build on the accelerated pace of revenue growth seen in the second half of fiscal 2018 and is providing guidance for revenue growth in a range of 5-to-7 percent during fiscal 2019, driven by strong momentum in its market-leading 1-800-Flowers and Harry & David brands and increased investments in strategic marketing and merchandising programs.

( (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 (“Adjusted” and “Comparable”) results to applicable GAAP results.)

CARLE PLACE, N.Y.--(BUSINESS WIRE)--August 23, 2018--1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), the leading gourmet food and floral gift provider for all occasions, today reported results for its Fiscal 2018 fourth quarter and full year ended July 1, 2018. Chris McCann, CEO of 1-800-FLOWERS.COM, Inc., said, “Our results for the fourth quarter represent a strong finish to the fiscal year. During the quarter, we achieved healthy revenue growth in our Consumer Floral and BloomNet segments. This was driven by strong everyday gifting demand combined with a solid Mother’s Day period, which more than offset the impact of the Easter holiday shift. In our Gourmet Foods and Gift Baskets segment, where the Easter shift has the largest impact, we saw a continuation of the accelerated growth in everyday gifting that we noted throughout the fiscal year, particularly in our Harry & David and 1-800-Baskets brands.”


The following information was filed by 1 800 Flowers Com Inc (FLWS) on Thursday, August 23, 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii - Valuation And Qualifying Accounts
Consolidated Balance Sheets
Consolidated Balance Sheets (Parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Note 1 - Description Of Business
Note 1 - Description Of Business (Details Textual)
Note 10 - Fair Value Measurements
Note 10 - Fair Value Measurements (Tables)
Note 10 - Fair Value Measurements - Assets And Liabilities Measured At Fair Value (Details)
Note 11 - Income Taxes
Note 11 - Income Taxes (Details Textual)
Note 11 - Income Taxes (Tables)
Note 11 - Income Taxes - Deferred Income Tax Assets (Details)
Note 11 - Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Note 11 - Income Taxes - Income Tax Provision From Continuing Operations (Details)
Note 12 - Capital Stock
Note 12 - Capital Stock (Details Textual)
Note 13 - Stock Based Compensation
Note 13 - Stock Based Compensation (Details Textual)
Note 13 - Stock Based Compensation (Tables)
Note 13 - Stock Based Compensation - Allocation Of Stock-Based Compensation To Operating Expenses (Details)
Note 13 - Stock Based Compensation - Non-Vested Restricted Stock Activity (Details)
Note 13 - Stock Based Compensation - Stock Option Activity (Details)
Note 13 - Stock Based Compensation - Stock Options Outstanding (Details)
Note 13 - Stock Based Compensation - Stock-Based Compensation Expense Recognized (Details)
Note 14 - Employee Retirement Plans
Note 14 - Employee Retirement Plans (Details Textual)
Note 15 - Business Segments
Note 15 - Business Segments (Details Textual)
Note 15 - Business Segments (Tables)
Note 15 - Business Segments - Segment Performance (Details)
Note 16 - Commitments And Contingencies
Note 16 - Commitments And Contingencies (Details Textual)
Note 16 - Commitments And Contingencies (Tables)
Note 16 - Commitments And Contingencies - Future Minimum Payments Under Non-Cancelable Operating Leases (Details)
Note 17 - Fire At The Fannie May Warehouse And Distribution Facility
Note 17 - Fire At The Fannie May Warehouse And Distribution Facility (Details Textual)
Note 17 - Fire At The Fannie May Warehouse And Distribution Facility (Tables)
Note 17 - Fire At The Fannie May Warehouse And Distribution Facility - Costs Related To The Fire And The Insurance Recovery (Details)
Note 2 - Significant Accounting Policies
Note 2 - Significant Accounting Policies (Details Textual)
Note 2 - Significant Accounting Policies (Tables)
Note 2 - Significant Accounting Policies - Property, Plant And Equipment (Details)
Note 3 - Net Income Per Common Share From Continuing Operations
Note 3 - Net Income Per Common Share From Continuing Operations (Details Textual)
Note 3 - Net Income Per Common Share From Continuing Operations (Tables)
Note 3 - Net Income Per Common Share From Continuing Operations - Computation Of Basic And Diluted Net Income (Loss) Per Common Share (Details)
Note 4 - Dispositions
Note 4 - Dispositions (Details Textual)
Note 5 - Inventory
Note 5 - Inventory (Tables)
Note 5 - Inventory - Summary Of Inventory (Details)
Note 6 - Goodwill And Intangible Assets
Note 6 - Goodwill And Intangible Assets (Details Textual)
Note 6 - Goodwill And Intangible Assets (Tables)
Note 6 - Goodwill And Intangible Assets - Goodwill By Segment (Details)
Note 6 - Goodwill And Intangible Assets - Other Intangible Assets (Details)
Note 7 - Property, Plant And Equipment
Note 7 - Property, Plant And Equipment (Details Textual)
Note 7 - Property, Plant And Equipment (Tables)
Note 7 - Property, Plant And Equipment - Summary Of Property, Plant And Equipment (Details)
Note 8 - Accrued Expenses
Note 8 - Accrued Expenses (Tables)
Note 8 - Accrued Expenses - Accrued Expenses (Details)
Note 9 - Long-Term Debt
Note 9 - Long-Term Debt (Details Textual)
Note 9 - Long-Term Debt (Tables)
Note 9 - Long-Term Debt - Summary Of Current And Long-Term Debt (Details)
Schedule Ii - Valuation And Qualifying Accounts (Tables)
Schedule Ii - Valuation And Qualifying Accounts - Valuation And Qualifying Accounts (Details)
Significant Accounting Policies (Policies)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (Details Textual)
Ticker: FLWS
CIK: 1084869
Form Type: 10-K Annual Report
Accession Number: 0001437749-18-017027
Submitted to the SEC: Fri Sep 14 2018 11:30:36 AM EST
Accepted by the SEC: Fri Sep 14 2018
Period: Sunday, July 1, 2018
Industry: Retail Stores

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