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Mar 29, 2020
1 800 FLOWERS Q3 2020 Earnings Report
Reported strong revenue growth for the fiscal year 2020 third quarter and reaffirmed guidance for strong top and bottom-line growth for the full fiscal year 2020.
Key Takeaways
1-800-FLOWERS.COM, Inc. reported a 12.2 percent increase in total net revenues, reaching $278.8 million compared to $248.4 million in the prior year period. The company experienced a net loss of $9.7 million, or a loss of $0.15 per share, and an adjusted net loss of $9.0 million, or a loss of $0.14 per share. Adjusted EBITDA was a loss of $2.4 million, compared to a loss of $4.4 million in the prior year period.
Total net revenues increased by 12.2 percent, reaching $278.8 million.
Gourmet Foods and Gift Baskets segment revenues increased by 27.1 percent.
Consumer Floral segment revenues increased by 5.4 percent.
BloomNet revenues increased by 7.9 percent.
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 reaffirming its growth guidance for fiscal 2020.
Positive Outlook
- Total consolidated revenue growth of 8-9 percent compared with the prior year.
- Organic revenue growth of approximately 6-to-7 percent.
- Contributions from the Shari’s Berries brand.
- EPS growth in a range of 15-to-17 percent, compared with the prior year.
- Adjusted EBITDA growth in a range of 13-to-15 percent, compared with the prior year.
Challenges Ahead
- Guidance excludes certain one-time costs associated with the closing of Harry & David retail stores.
- Guidance excludes costs associated with its planned acquisition of PersonalizationMall.com.
- The impact of the Covid-19 pandemic on the Company.
- Its ability to leverage its operating platform and reduce operating expense ratio.
- Its ability to successfully integrate acquired businesses and assets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income