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1 800 Flowers Com Inc (FLWS) SEC Filing 10-K Annual Report for the fiscal year ending Sunday, June 27, 2021

1 800 Flowers Com Inc

CIK: 1084869 Ticker: FLWS
Exhibit 99.1

1-800-FLOWERS.COM, Inc. Reports Record Revenues for its Fiscal 2021 Fourth Quarter and Full Year; Company Guides to Continued Double-Digit Revenue Growth in its Current Fiscal 2022 Full Year

Fourth Quarter Highlights:

  • Total Net Revenues increased 16.5 percent to $487.0 million, compared with $418.0 million in the prior year period.
  • Net Income and Adjusted Net Income1 was $13.3 million, or $0.20 per diluted share, compared with Net Income of $9.8 million, or $0.15 per diluted share, and Adjusted Net Income1 of $15.1 million, or $0.23 per diluted share in the prior year period.
  • Adjusted EBITDA1 was $30.2 million, compared with $32.5 million in the prior year period, primarily reflecting historically low digital marketing rates related to the onset of the COVID-19 pandemic in the prior year period.

Full Year Highlights:

  • Total Net Revenues increased 42.5 percent to a record $2.12 billion, compared with $1.49 billion in the prior year, reflecting strong growth across the Company’s three business segments.
  • Net Income was $118.7 million, or $1.78 per diluted share, compared with Net Income of $59.0 million, or $0.89 per diluted share, in the prior year period. Adjusted Net Income1 increased 88.6 percent to $122.6 million, or $1.84 per diluted share, compared with $65.0 million, or $0.98 per diluted share, in the prior year.
  • Adjusted EBITDA1 increased 64.5 percent to a record $213.1 million, compared with $129.5 million in the prior year.

(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”) results to applicable GAAP results.)

JERICHO, N.Y.--(BUSINESS WIRE)--August 26, 2021--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 fourth quarter and full year ended June 27, 2021.


The following information was filed by 1 800 Flowers Com Inc (FLWS) on Thursday, August 26, 2021 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 Income And Comprehensive Income
Consolidated Statements Of Stockholders' Equity
Note 1 - Description Of Business
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 - Stock Option Activity (Details)
Note 13 - Stock Based Compensation - Stock Options Outstanding (Details)
Note 13 - Stock-Based Compensation - Allocation Of Stock-Based Compensation To Operating Expenses (Details)
Note 13 - Stock-Based Compensation - Assumptions (Details)
Note 13 - Stock-Based Compensation - Non-Vested Restricted Stock Activity (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 - Leases
Note 16 - Leases (Tables)
Note 16 - Leases - Lease Costs (Details)
Note 16 - Leases - Maturities Of Lease Liabilities (Details)
Note 17 - Commitments And Contingencies
Note 17 - Commitments And Contingencies (Details Textual)
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
Note 3 - Net Income Per Common Share (Tables)
Note 3 - Net Income Per Common Share - Basic And Diluted Net Income Per Common Share (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 4 - Acquisition - Pro Forma Information (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 - 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
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: 0001437749-21-021879
Submitted to the SEC: Fri Sep 10 2021 10:27:47 AM EST
Accepted by the SEC: Fri Sep 10 2021
Period: Sunday, June 27, 2021
Industry: Retail Stores

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