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Sep 27, 2020
1 800 FLOWERS Q1 2021 Earnings Report
Reported strong revenue and earnings growth driven by e-commerce growth and the acquisition of PersonalizationMall.com.
Key Takeaways
1-800-FLOWERS.COM, Inc. reported a 51.5% increase in total net revenues to $283.8 million for its fiscal 2021 first quarter, driven by strong e-commerce growth of 85.1%. The company's net loss was $9.8 million, or ($0.15) per share, while adjusted net loss was $6.5 million, or ($0.10) per share. Adjusted EBITDA improved $14.5 million to $3.2 million.
Total net revenues increased 51.5% to $283.8 million, driven by strong e-commerce growth.
Net loss for the quarter was $9.8 million, or ($0.15) per share.
Adjusted EBITDA improved $14.5 million to $3.2 million.
Strong top and bottom line results were driven by double-digit growth in the Company’s three business segments.
1 800 FLOWERS
1 800 FLOWERS
1 800 FLOWERS Revenue by Segment
Revenue by Segment
Gourmet Foods & Gifts Revenue
CapyFin.comConsumer Floral & Gifts Revenue
CapyFin.comBloomNet Revenue
CapyFin.comCorporate Revenue
CapyFin.com Forward Guidance
Company expects to achieve total consolidated revenue growth for its second fiscal quarter in a range of 22-to-26 percent, compared with the prior year period and anticipates achieving Adjusted EBITDA and EPS growth in a range of 18.0-to-23.0 percent for the quarter, compared with the prior year period.
Positive Outlook
- Company expects to achieve total consolidated revenue growth for its second fiscal quarter in a range of 22-to-26 percent, compared with the prior year period.
- The anticipated strong revenue growth in the quarter reflects expected e-commerce revenue growth of more than 40 percent, including contributions from PMall
- Company anticipates that the strong revenue growth combined with contributions from PMall will help offset certain headwinds
- Company anticipates achieving Adjusted EBITDA and EPS growth in a range of 18.0-to-23.0 percent for the quarter, compared with the prior year period.
- Continued strong ecommerce growth momentum that has carried into October
Challenges Ahead
- Somewhat offset by lower wholesale orders and reduced retail revenues (reflecting the closing of the Harry & David retail stores in fiscal 2020)
- Increased costs from third-party shipping vendors
- Higher labor expenses
- Higher operating costs due to the COVID-19 pandemic
- Significant uncertainty in the overall economy related to the ongoing COVID-19 pandemic