Business
1-800-FLOWERS.COM, Inc. Reports Strong Top and Bottom-Line Growth for its Fiscal 2020 Second Quarter; Company Raises Guidance for Full Year EBITDA and EPS
Total revenues were $605.6 million, up 6.0 percent compared with $571.3 million in the prior year period, driven by strong growth in all three of the
About this update from 1-800-flowers.com, Inc.
[{"type":"text","content":"\n\nTotal revenues were $605.6 million, up 6.0 percent compared with $571.3 million in the prior year period, driven by strong growth in all three of the Company’s business segments. \n\n\n\n\n Net Income was $74.2 million, or EPS of $1.12 per diluted share, compared with Net Income of $68.6 million, or EPS of $1.04 per diluted share in the prior year period.\n\n\n\n\n Adjusted EBITDA1 was $110.7 million, up 7.4 percent compared with $103.1 million in the prior year period. \n\n\n\n(1Refer 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 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 results for its fiscal 2020 second quarter ended December 29, 2019.\n\n\nChris McCann, CEO, 1-800-FLOWERS.COM, Inc., said “The strong top and bottom line results we achieved in our fiscal second quarter illustrate the continued revenue growth momentum we have across all three of our business segments along with increasing operating leverage on the investments we have made in our business platform.”\n\n\nMcCann noted that the Company’s Gourmet Foods and Gift Baskets business segment represented more than three-quarters of total consolidated revenues for the period. Growth in this segment was driven primarily by the Company’s Harry & David brand combined with strong growth in the 1-800-Baskets wholesale gift baskets business and contributions from the Shari’s Berries brand, which was acquired in August 2019. “Harry & David continues to benefit from the digital transformation of its marketing programs as well as its expanded product offerings of unique, shareable gifts for both holiday and everyday occasions, which is enabling it to attract new customers while also deepening engagement with existing customers,” he said.\n\n\n\n\nMcCann said that the Company’s Consumer Floral business segment achieved strong results for the quarter with solid top-line growth and improved bottom-line contributions. “The 1-800-Flowers brand continued to extend its market leadership position, leveraging the investments we have made – and continue to make – in innovative, digital marketing programs and tr...