Business
1-800-FLOWERS.COM, Inc. Raising its Fiscal 2020 Full Year Guidance Reflecting Strong Ecommerce Growth Through the First Ten Weeks of its Fiscal Fourth Quarter
♦ Company is experiencing strong ecommerce demand in its Gourmet Foods and Gift Baskets brands and its 1-800-Flowers Consumer Floral business, including a
About this update from 1-800-flowers.com, Inc.
[{"type":"text","content":"\n♦ Company is experiencing strong ecommerce demand in its Gourmet Foods and Gift Baskets brands and its 1-800-Flowers Consumer Floral business, including a strong Mother’s Day holiday period as well as increased demand for every-day gifting occasions. \n\n\n♦ Total consolidated revenues for Fiscal 2020 are now expected to grow in a range of 16-to-18 percent, compared with the prior year, up from a previous range of 8-to-9 percent.\n\n\n♦ Adjusted EPS1 for Fiscal 2020 is now expected to grow in a range of 75-to-85 percent, up from a previous range of 15-to-17 percent and Adjusted EBITDA1 is now expected to grow in a range of 50-to-55 percent, up from a previous range of 13-to-15 percent. \n\n\n♦ Free Cash Flow1 is now expected to be in a range of $75-to-$85 million, up from a previous range of $45-to-$50 million.\n\n\n(1 Refer to “Definitions of Non-GAAP Financial Measures” at the end of this press release.)\n\n CARLE PLACE, N.Y.--(BUSINESS WIRE)--\n1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help customers express, connect and celebrate, today reported that it is raising revenue and earnings guidance for its fiscal 2020 full year based on solid results through the first three quarters of the year combined with significantly increased ecommerce demand through the first ten weeks of its current fiscal fourth quarter.\n\n\nChris McCann, CEO, 1-800-FLOWERS.COM, Inc., said, “As we continue to grapple with the challenges of the COVID-19 pandemic, our gratitude goes out to all those who have been working on the front lines helping our country battle this crisis. I would also like to thank all our associates across the Company who have worked tirelessly in this difficult environment to help our customers stay connected while remaining focused on keeping safety and health at the forefront of all we do. Throughout this period, we have seen customers turn to us in record numbers to express themselves, to connect with the important people in their lives, and to celebrate life’s many events. As we noted in our April 30 press release on our fiscal third quarter results, we saw consumer demand begin to accelerate in late March and continue through April, including a record Easter holiday period. This trend has continued through May, including a very strong Mother’s Day holiday, and into the first two weeks ...