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Sep 26, 2021
1 800 FLOWERS Q1 2022 Earnings Report
Reported 9.0 percent revenue growth for its fiscal 2022 first quarter.
Key Takeaways
1-800-FLOWERS.COM, Inc. reported a 9.0 percent increase in total net revenues, reaching $309.4 million compared to $283.8 million in the prior year period. The company's net loss for the quarter was $13.2 million, or ($0.20) per share. The Company reaffirms its full-year guidance including revenue growth of 10.0 percent-to-12.0 percent and adjusted EBITDA growth of 5.0 percent-to-8.0 percent.
Total net revenues increased 9.0 percent to $309.4 million.
E-commerce revenues increased 10.3 percent.
Net loss for the quarter was $13.2 million, or ($0.20) per share.
Company reaffirms its full-year guidance including revenue growth of 10.0 percent-to-12.0 percent and adjusted EBITDA growth of 5.0 percent-to-8.0 percent.
Revenue by Segment
Forward Guidance
The Company is reaffirming its guidance for its fiscal 2022 year, which includes: Total revenue growth of 10.0 percent-to-12.0 percent compared with the prior year; Adjusted EBITDA growth of 5.0 percent-to-8.0 percent compared with the prior year; EPS in line with fiscal 2021 as improved EBITDA is offset by higher depreciation and a higher effective tax rate; and Free Cash Flow to exceed $100 million.
Positive Outlook
- The significant increase in consumers shopping online where the Company’s broad product offering and brand portfolio makes it a leading destination for customers looking for solutions to help them connect, express themselves and celebrate - sentiments that have become more important than ever
- Significant expansion of the Company’s product offering, both organically and through strategic acquisitions like Shari’s Berries and PersonalizationMall
- The expanded size of the Company’s customer file along with continued positive customer behavior trends
- Continued strong growth in the Company’s Celebrations Passport® loyalty program, which is helping drive increased frequency, retention, and cross-category/cross-brand purchases
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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