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Jan 01, 2023
1 800 FLOWERS Q2 2023 Earnings Report
1-800-FLOWERS.COM, Inc. reported second quarter results that reflected successful holiday performance
Key Takeaways
1-800-FLOWERS.COM, Inc. reported a 4.8% decrease in total consolidated revenues to $897.9 million compared to the prior year period. Net income for the quarter was $82.5 million, and Adjusted EBITDA was $131.4 million. The company is updating its Fiscal 2023 guidance based on its second quarter performance and the current economic environment.
Total consolidated revenues decreased 4.8% to $897.9 million.
Gross profit margin for the quarter was 41.0%, as compared with 40.1% in the prior year period.
Net income for the quarter was $82.5 million, or $1.27 per diluted share.
Adjusted EBITDA for the quarter was $131.4 million.
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
The Company is updating its Fiscal 2023 guidance based on its second quarter performance and the current economic environment. The Company continues to expect that revenues will decline in Fiscal 2023 on cautious consumer behavior, but anticipates that gross margins and bottom-line results will gradually improve during the latter half of the current fiscal year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income