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Mar 28, 2021
1 800 FLOWERS Q3 2021 Earnings Report
Reported record revenue and earnings results.
Key Takeaways
1-800-Flowers.com reported a 70.1 percent increase in total net revenues to $474.2 million compared to the prior year period, driven by e-commerce growth of 83.2 percent. Net income for the quarter increased $11.1 million to $1.4 million, or $0.02 per share.
Record top and bottom-line results reflect the strength of the ecommerce platform.
Company continued to grow its customer file at a record pace.
Celebrations Passport® loyalty program now has more than 1 million members, driving increased purchase frequency and customer retention.
Company expects double digit topline growth for the fiscal fourth quarter.
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 expects to achieve total consolidated revenue growth for its fiscal fourth quarter in a range of 10-to-15 percent.
Positive Outlook
- Continued solid ecommerce demand in the 1-800-Flowers.com floral business
- Anticipated contributions from PMall
- Company anticipates achieving Adjusted EBITDA for its fiscal fourth quarter in a range of $25.0 million -to- $30 million
- Company anticipates achieving EPS for its fiscal fourth quarter in a range of $0.18-to-$0.20
- Company anticipates driving double-digit growth in its next fiscal year.
Challenges Ahead
- Shift of some Easter revenues into the Company’s third quarter
- Challenging comparison with the prior year period which included record top and bottom-line growth
- Significantly lower year-over-year digital marketing pricing associated with the initial impact of the COVID-19 pandemic
- Higher digital marketing costs
- Company anticipates achieving EPS for its fiscal fourth quarter in a range of $0.18-to-$0.20, compared with EPS of $0.23 in the prior year period.
Revenue & Expenses
Visualization of income flow from segment revenue to net income