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Dec 29, 2019
1 800 FLOWERS Q2 2020 Earnings Report
Reported strong top and bottom-line growth, driven by growth in all three business segments.
Key Takeaways
1-800-FLOWERS.COM, Inc. reported total revenues of $605.6 million, up 6.0 percent compared to the prior year. Net income was $74.2 million, or $1.12 EPS. Adjusted EBITDA was $110.7 million, up 7.4 percent compared to the prior year.
Total revenues were $605.6 million, up 6.0 percent compared to the prior year period.
Net Income was $74.2 million, or EPS of $1.12 per diluted share, compared with Net Income of $68.6 million, or EPS of $1.04 per diluted share in the prior year period.
Adjusted EBITDA was $110.7 million, up 7.4 percent compared with $103.1 million in the prior year period.
Company raised guidance for full year EBITDA and EPS.
Revenue by Segment
Forward Guidance
Based on its results through the first half of its fiscal year 2020 and its outlook for continued strong performance in the second half of the fiscal year, the Company is updating its guidance for the full fiscal year as follows:
Positive Outlook
- Reaffirming guidance for total consolidated revenue growth of 8-to-9 percent, compared with the prior year, including approximately 6-to-7 percent organic revenue growth combined with anticipated contributions from the acquisition of the Shari’s Berries brand
- Increasing guidance for EPS growth to a range of 15-to-17 percent from a previous range of 8-to-10 percent
- Increasing guidance for Adjusted EBITDA growth to a range of 13-to-15 percent from a previous range of 8-to-10 percent
- Increasing guidance for Free Cash Flow for the year to a range of $45-to-$50 million from a previous target of approximately $45 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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