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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.
Revenue by Segment
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.
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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