Business
1-800-FLOWERS.COM, Inc. Reports Revenue Growth of 4.0 Percent To $2.21 Billion for its Fiscal 2022 Full Year
Full Year Highlights: Total Net Revenues increased 4.0 percent to a record $2.21 billion, compared with $2.12 billion in the prior year. Net Income was $29.6
About this update from 1-800-flowers.com, Inc.
[{"type":"text","content":"\nFull Year Highlights:\n\n\nTotal Net Revenues increased 4.0 percent to a record $2.21 billion, compared with $2.12 billion in the prior year.\n\n\nNet Income was $29.6 million, or $0.45 per diluted share, compared with Net Income of $118.7 million, or $1.78 per diluted share, in the prior year period. Adjusted Net Income1 was $32.9 million, or $0.50 per diluted share, compared with $122.6 million, or $1.84 per diluted share, in the prior year.\n\n\nAdjusted EBITDA1 was $99.0 million, compared with $213.1 million in the prior year, primarily reflecting significantly higher year-over-year cost increases in labor, shipping, commodities, and digital marketing.\n\n\nFourth Quarter Highlights:\n\n\nTotal Net Revenues were $485.9 million, compared with $487.0 million in the prior year period.\n\n\nNet Loss was $22.3 million, or ($0.34) per share, compared with net income of $13.3 million, or $0.20 per diluted share, in the prior year period. Adjusted Net Loss1 was $21.8 million, or ($0.34) per share, compared with Adjusted Net Income1 of $13.3 million, or $0.20 per diluted share in the prior year period.\n\n\nAdjusted EBITDA1 loss was $16.8 million, compared with Adjusted EBITDA1 of $30.2 million in the prior year period, primarily reflecting significantly higher year-over-year cost increases in labor, shipping, commodities, and digital marketing.\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 (“Adjusted”) results to applicable GAAP results.)\n\n JERICHO, N.Y.--(BUSINESS WIRE)--\n1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its fiscal 2022 fourth quarter and full year ended July 3, 2022.\n\nChris McCann, CEO of 1-800-FLOWERS.COM, Inc., said, “We finished our fiscal year 2022 with revenues essentially flat in our fourth quarter and full year revenues up 4.0 percent compared with the prior year, and up more than 75 percent compared with our fiscal 2019, prior to the pandemic. Our growth for the year illustrates our ability to retain and build on the gains we achieved over the past two years despite macroeconomic uncertainty and changes in consumer behavior. This reflects the healthy ...