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1 800 Flowers Com Inc (FLWS) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 29, 2019

1 800 Flowers Com Inc

CIK: 1084869 Ticker: FLWS
Exhibit 99.1

1-800-FLOWERS.COM, Inc. Reports Strong Fiscal 2020 First Quarter Revenue Growth, Improved EPS and Adjusted EBITDA

  • Total net revenues increased 10.5 percent to $187.3 million compared with the prior year period, driven by strong growth across all three of the Company’s business segments.
  • Net loss for the quarter was $15.3 million, or ($0.24) per share, an improvement of $0.03 per share, compared with the prior year period.
  • Adjusted EBITDA1 for the quarter improved 18.6 percent, or $2.6 million, to a loss of $11.3 million, compared with the prior year period.
    (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, 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 2020 first quarter ended September 29, 2019.

Chris McCann, CEO, 1-800-FLOWERS.COM, Inc., said “Our strong revenue growth and improved bottom-line results for the first quarter are a continuation of the positive momentum we saw throughout last year. These results reflect the leverage we are getting from the investments we have made – and continue to make – in our iconic Harry & David and 1-800-Flowers.com brands, as well as in our BloomNet business. The double-digit revenue growth for the period reflected solid growth across all three of our business segments, highlighted by the nearly eighteen percent growth achieved in our Gourmet Foods and Gift Baskets segment. This segment benefited from strong everyday gifting at Harry & David and 1-800-Baskets.com combined with increased orders for gift baskets from wholesale customers and revenues from the Shari’s Berries brand, which we acquired in mid-August.”

McCann also said that the Company’s Consumer Floral and BloomNet segments both achieved solid increases in revenues, gross margin and contribution margin for the quarter. “In our floral businesses, we are continuing to extend the market leadership of 1-800-Flowers.com and grow BloomNet’s market share. We expect these trends to continue throughout the fiscal year as we benefit from the investments we are making in targeted marketing programs and innovative new products and services.”


The following information was filed by 1 800 Flowers Com Inc (FLWS) on Thursday, October 31, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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1 800 Flowers Com Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Inside 1 800 Flowers Com Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Current Period Unaudited)
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Loss (Unaudited)
Condensed Consolidated Statements Of Operations (Unaudited)
Condensed Consolidated Statements Of Stockholders' Equity (Unaudited)
Note 1 - Accounting Policies
Note 1 - Accounting Policies (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 12 - Business Segments
Note 12 - Business Segments (Details Textual)
Note 12 - Business Segments (Tables)
Note 12 - Business Segments - Disaggregation Of Revenue From Contracts With Customers (Details)
Note 12 - Business Segments - Segment Performance (Details)
Note 13 - Leases
Note 13 - Leases (Tables)
Note 13 - Leases - Future Minimum Payments Under Non-Cancelable Operating Leases (Details)
Note 13 - Leases - Lease Costs (Details)
Note 13 - Leases - Maturities Of Lease Liabilities (Details)
Note 14 - Commitments And Contingencies
Note 2 - Net Income (Loss) Per Common Share
Note 3 - Stock-Based Compensation
Note 3 - Stock-Based Compensation (Details Textual)
Note 3 - Stock-Based Compensation (Tables)
Note 3 - Stock-Based Compensation - Allocation Of Stock-Based Compensation To Operating Expenses (Details)
Note 3 - Stock-Based Compensation - Non-Vested Restricted Stock Activity (Details)
Note 3 - Stock-Based Compensation - Stock Option Activity (Details)
Note 3 - Stock-Based Compensation - Stock-Based Compensation Expense Recognized (Details)
Note 4 - Acquisition
Note 4 - Acquisition (Details Textual)
Note 4 - Acquisition (Tables)
Note 4 - Acquisition - Preliminary Allocation Of The Purchase Price To The Estimated Fair Values Of Assets Acquired And Liabilities Assumed (Details)
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 - Investments
Note 7 - Investments (Details Textual)
Note 8 - Debt
Note 8 - Debt (Details Textual)
Note 8 - Debt (Tables)
Note 8 - Debt - Summary Of Current And Long-Term Debt (Details)
Note 9 - Property, Plant And Equipment
Note 9 - Property, Plant And Equipment (Tables)
Note 9 - Property, Plant And Equipment - Summary Of Property, Plant And Equipment (Details)
Significant Accounting Policies (Policies)

Material Contracts, Statements, Certifications & more

1 800 Flowers Com Inc provided additional information to their SEC Filing as exhibits

Ticker: FLWS
CIK: 1084869
Form Type: 10-Q Quarterly Report
Accession Number: 0001437749-19-022111
Submitted to the SEC: Fri Nov 08 2019 8:47:22 AM EST
Accepted by the SEC: Fri Nov 08 2019
Period: Sunday, September 29, 2019
Industry: Retail Stores

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