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1 800 Flowers Com Inc (FLWS) SEC Filing 10-K Annual report for the fiscal year ending Sunday, June 30, 2019

1 800 Flowers Com Inc

CIK: 1084869 Ticker: FLWS
Exhibit 99.1


1-800-FLOWERS.COM, Inc. Reports Strong Results Driven by Accelerated Revenue Growth for Its Fiscal 2019 Fourth Quarter and Full Year

Fourth Quarter Highlights:

  • Total revenues increased 12.8 percent to $259.4 million, compared with $229.9 million in the prior year period reflecting strong growth across all three of the Company’s business segments.
  • Net loss was $8.3 million, or a loss of $0.13 per share, compared with net loss of $8.2 million, or a loss of $0.13 per share, in the prior year period. Adjusted net loss in the prior year period was $7.6 million, or a loss of $0.12 per share.
  • Adjusted EBITDA(1) was a loss of $2.7 million, compared with an Adjusted EBITDA loss of $1.8 million in the prior year period.

Full Year Highlights:

  • Total revenues increased 8.4 percent to $1.25 billion, compared with $1.15 billion in the prior year period reflecting strong growth across all three of the Company’s business segments.
  • Net income was $34.8 million, or EPS of $0.52, compared with net income of $40.8 million or EPS of $0.61 in the prior year period. On a comparable basis, fiscal 2018 net income was $29.3 million(1), or Adjusted EPS(1) of $0.44.
  • Adjusted EBITDA(1) was $82.1 million, compared with $78.9 million in the prior year.

Fiscal 2020 Outlook:

  • The Company expects to continue its strong revenue growth momentum and is providing guidance for revenue growth in a range of 8-to-9 percent for fiscal 2020. In addition, the Company expects to drive accelerated EBITDA and EPS growth in a range of 8-to-10 percent during fiscal 2020, reflecting the leverage in its business model.

( (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 22, 2019--1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help customers

express, connect and celebrate, today reported results for its Fiscal 2019 fourth quarter and full year ended June 30, 2019. Chris McCann, CEO, 1-800-FLOWERS.COM, Inc., said, “We entered fiscal 2019 with a plan to accelerate our revenue growth rate by investing behind our lead Harry & David and 1-800-Flowers.com brands and we are very pleased to have exceeded our growth targets, with total revenues increasing more than eight percent driven by strong growth across all three of our business segments. In terms of our bottom-line results, year-over-year contribution margins exceeded our plans in all three business segments with solid growth in total EBITDA, EPS and Free Cash Flow driven primarily by strong performance in our Gourmet Foods and Gift Baskets and BloomNet segments. These results reflect our intense focus on execution and innovation – in our digital marketing programs, in merchandising programs that emphasize new product development and, in our initiatives to constantly improve our business platform to enhance our operating leverage.”


The following information was filed by 1 800 Flowers Com Inc (FLWS) on Thursday, August 22, 2019 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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Inside 1 800 Flowers Com Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
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 - Disaggregation Of Revenue From Contracts With Customers (Details)
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 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 (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 - Debt - Summary Of Current And Long-Term Debt (Details)
Note 9 - Long-Term Debt
Note 9 - Long-Term Debt (Details Textual)
Note 9 - Long-Term Debt (Tables)
Schedule Ii - Valuation And Qualifying Accounts
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: 0001437749-19-018360
Submitted to the SEC: Fri Sep 13 2019 8:52:53 AM EST
Accepted by the SEC: Fri Sep 13 2019
Period: Sunday, June 30, 2019
Industry: Retail Stores

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