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Mar 27, 2022
1 800 FLOWERS Q3 2022 Earnings Report
Reported results for fiscal 2022 third quarter
Key Takeaways
1-800-FLOWERS.COM, Inc. reported a decrease in total net revenues to $469.6 million, a net loss of $23.4 million, and an adjusted net loss of $21.0 million for the fiscal 2022 third quarter.
Total net revenues decreased by 1.0 percent compared to the prior year period, amounting to $469.6 million.
Net loss was $23.4 million, or a loss of $0.36 per share, compared to net income of $1.4 million, or $0.02 per diluted share, in the prior year period.
Adjusted net loss for the quarter was $21.0 million, or a loss of $0.32 per share.
Adjusted EBITDA for the quarter was a loss of $12.0 million.
Revenue by Segment
Forward Guidance
The company updated its guidance for fiscal year 2022, expecting revenue growth of 3.0% to 5.0%, adjusted EBITDA in a range of $110.0 million to $115.0 million, and adjusted EPS in a range of $0.55 to $0.60 per diluted share. They anticipate that Free Cash Flow for the year will be down significantly compared with the prior year.
Positive Outlook
- Company expects revenue growth of 3.0 percent to 5.0 percent compared with the prior year.
- Company expects adjusted EBITDA in a range of $110.0 million-to-$115.0 million.
- Company expects adjusted EPS in a range of $0.55 -to- $0.60 per diluted share.
- Company's ability to continue to attract new customers
- Company's ability to add new members to its Celebrations Passport® Loyalty program, which is helping drive increased frequency, retention, and cross-category/ cross-brand purchases.
Challenges Ahead
- The continuing headwinds associated with the ongoing pandemic
- Increased costs for labor
- Increased costs for inbound and outbound shipping
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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