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Dec 29, 2024
1 800 FLOWERS Q2 2025 Earnings Report
Reported second quarter fiscal 2025 results with revenue of $775.5 million and net income of $64.3 million.
Key Takeaways
1-800-FLOWERS.COM, Inc. reported a 5.7% decrease in second quarter revenue to $775.5 million. Net income increased to $64.3 million, or $1.00 per diluted share. The company is updating its Fiscal 2025 guidance, expecting revenue to decline in the mid-single digits and Adjusted EBITDA to be in the range of $65 million to $75 million.
Total consolidated revenues decreased 5.7% to $775.5 million compared to the prior year period.
Gross profit margin of 43.3% was flat with the prior year period.
Net income for the quarter was $64.3 million, or $1.00 per diluted share, compared to $62.9 million, or $0.97 per diluted share in the prior year period.
Adjusted EBITDA for the quarter was $116.3 million, compared to $130.1 million in the prior year period.
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.com Forward Guidance
The Company expects its revenue trends to improve as the fiscal year progresses, benefiting from its Relationship Innovation initiatives that have expanded the Company's offerings, broadened price points and enhanced the user experience. For Fiscal 2025, the company now expects total revenues to decline in the mid-single digits on a percentage basis, as compared with the prior year; Adjusted EBITDA to be in a range of $65 million to $75 million; and Free Cash Flow to be in a range of $25 million to $35 million.
Positive Outlook
- Revenue trends expected to improve as the fiscal year progresses.
- Benefiting from Relationship Innovation initiatives.
- Expanded offerings.
- Broadened price points.
- Enhanced user experience.
Challenges Ahead
- Total revenues expected to decline in the mid-single digits.
- Adjusted EBITDA to be in a range of $65 million to $75 million.
- Free Cash Flow to be in a range of $25 million to $35 million.
- Softer than anticipated and highly promotional consumer environment
- Pullback in corporate gifting orders
Revenue & Expenses
Visualization of income flow from segment revenue to net income