Business
1-800-FLOWERS.COM, Inc. Reports 9.0 Percent Revenue Growth for Its Fiscal 2022 First Quarter
Total net revenues increased 9.0 percent to $309.4 million, compared with $283.8 million in the prior year period. This revenue growth was on top of the 51.5
About this update from 1-800-flowers.com, Inc.
[{"type":"text","content":"\n\nTotal net revenues increased 9.0 percent to $309.4 million, compared with $283.8 million in the prior year period. This revenue growth was on top of the 51.5 percent revenue growth reported in the Company’s year-ago first quarter. \n\n\n\nNet loss for the quarter was $13.2 million, or ($0.20) per share. Adjusted net loss1 was $12.9 million, or ($0.20) per share, compared with a net loss of $9.8 million, or ($0.15) per share, and adjusted net loss of $6.5 million, or ($0.10) per share, in the prior year period.\n\n\n\nAdjusted EBITDA1 loss for the quarter was $5.3 million, compared with adjusted EBITDA of $3.2 million in the prior year period. \n\n\n\nCompany reaffirms its full-year guidance including revenue growth of 10.0 percent-to-12.0 percent and adjusted EBITDA growth of 5.0 percent-to-8.0 percent.\n\n\n(1 Refer to “Definitions of Non-GAAP Financial Measures” and the tables attached at the end of this press release for reconciliation of non-GAAP results to applicable GAAP results.) \n\n JERICHO, N.Y.--(BUSINESS WIRE)--\n1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading e-commerce provider of products and services designed to inspire more human expression, connection, and celebration, today reported results for its fiscal 2022 first quarter ended September 26, 2021.\n\nChris McCann, CEO of 1-800-FLOWERS.COM, Inc., said “We are very pleased to report strong revenue growth for what was one of our most challenging year-over-year comparisons. Importantly, our 9.0 percent revenue growth for the quarter was on top of the 51.5 percent revenue growth we reported in the first quarter last year. This illustrates the strong growth momentum that we have been building over the past several years. As we had anticipated, the first quarter this year started out somewhat slowly with demand gradually ramping up resulting in double-digit revenue growth for the month of September.”\n\n\nMcCann said that increased recognition and relevance for its family of brands for everyday gifting and connective occasions, as well as its expanded product offering, including PersonalizationMall.com, were\n\nprimary drivers of the strong revenue growth. “We also continued to see strong growth in our Celebrations Passport loyalty program, which helps drive increased purchase frequency, retention, and life-time value along with solid growth in customers buyi...