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1-800-FLOWERS.COM, Inc. Reports Strong Revenue and Earnings Growth for Its Fiscal 2021 First Quarter
- Total net revenues increased 51.5 percent to $283.8 million compared with the prior year period, driven by strong ecommerce growth of 85.1 percent.
- Net loss for the quarter was $9.8 million, or ($0.15) per share. Adjusted Net Loss1 was $6.5 million, or ($0.10) per share, compared with a net loss of $15.3 million, or ($0.24) per share in the prior year period.
- Adjusted EBITDA1 for the quarter improved $14.5 million to 3.2 million compared with a loss of $11.3 million in 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.)
CARL PLACE, N.Y.--(BUSINESS WIRE)--October 29, 2020--1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading e-commerce provider of products and services designed to inspire more human expression, connection and celebration, today reported results for its Fiscal 2021 first quarter ended September 27, 2020.
Chris McCann, CEO of 1-800-FLOWERS.COM, Inc., said “The strong results that we achieved in our fiscal first quarter reflects a continuation of the accelerated customer demand and customer file growth that we saw throughout last year. We have been building on this momentum by leveraging our unique business platform, including our all-star collection of brands, our advanced technology stack and our manufacturing, distribution and logistics capabilities. As a result, we have become our customers’ go-to resource to help them connect and express themselves – sentiments that have grown increasingly important.”
McCann noted that strong top and bottom line results for the quarter were driven by double-digit growth in the Company’s three business segments. “Our customers are increasingly seeing our great products and brands as solutions for their everyday need to connect with the important people in their lives. In addition, our efficient digital marketing programs are helping us drive new customer growth at an accelerated pace with an increasing number of both new and existing customers joining our Celebrations Passport loyalty program, which helps drive increased purchase frequency, retention and life-time value. The combination of these positive trends significantly enhances our ability to deliver sustainable top and bottom-line growth both near and longer term.”
The following information was filed by 1 800 Flowers Com Inc (FLWS) on Thursday, October 29, 2020 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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