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Jun 27, 2021
1 800 FLOWERS Q4 2021 Earnings Report
Reported record revenues for fiscal year 2021 fourth quarter and full year.
Key Takeaways
1-800-FLOWERS.COM, Inc. reported a 16.5% increase in total net revenues for the fourth quarter of fiscal 2021, reaching $487.0 million compared to $418.0 million in the prior year period. Net income was $13.3 million, or $0.20 per diluted share, compared with Net Income of $9.8 million, or $0.15 per diluted share in the prior year period.
Total Net Revenues increased 16.5 percent to $487.0 million, compared with $418.0 million in the prior year period.
Net Income and Adjusted Net Income was $13.3 million, or $0.20 per diluted share, compared with Net Income of $9.8 million, or $0.15 per diluted share, in the prior year period.
Adjusted EBITDA was $30.2 million, compared with $32.5 million in the prior year period.
Company guides to continued double-digit revenue growth in its current fiscal 2022 full year
Revenue by Segment
Forward Guidance
For the fiscal 2022 full year, the Company is providing the following guidance: Total revenue growth of 10.0 percent-to-12.0 percent compared with the prior year; Adjusted EBITDA growth of 5.0 percent-to-8.0 percent; EPS in line with fiscal 2021 as improved EBITDA is offset by higher depreciation and a higher effective tax rate; and Free Cash Flow to exceed $100 million
Positive Outlook
- The significant increase in consumers shopping online where the Company’s broad product offering and brand portfolio makes it a leading destination for customers looking for solutions to help them connect, express themselves and celebrate - sentiments that have become more important than ever
- Significant expansion of the Company’s product offering, both organically and through strategic acquisitions like Shari’s Berries and PersonalizationMall.com
- Continued strong growth and positive behaviors in the Company’s customer file, including strong new-to-file customer growth as well as increased demand from existing customers
- Continued strong growth in the Company’s Celebrations Passport® loyalty program, which is helping drive increased frequency, retention, and cross-category/cross-brand purchases
Challenges Ahead
- a challenging labor market with both limited availability
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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