1-800-Flowers.Com Inc

NASDAQ:FLWSUnited States

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• DJ 1-800-Flowers Sales Pruned By Consumer Trends, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: FLWS
  
  By Emon Reiser
  
  1-800-Flowers reported a 9% decrease in third-quarter sales, pressured by a complex consumer environment.
  
  The Jericho, N.Y.-based gifts company reported a loss of $16.9 million, or 26 cents a share, for the quarter ended March 31, down from a loss of $71 million, or 10 cents a share in the year-ago period. The company said it reduced its workforce during the quarter.
  

• -- Earnings Flash (FLWS) 1-800-FLOWERS.COM Posts Q3 Revenue $379.4M, vs. Street Est of $383.8M, from 10 hours ago by MT Newswires

  10 hours ago by MT Newswires
  Companies Mentioned: FLWS
  06:49 AM EDT, 05/02/2024 (MT Newswires) -- ...

• 1-800-FLOWERS.COM, Inc. Reports Fiscal 2024 Third Quarter Results, from 10 hours ago by Business Wire

  10 hours ago by Business Wire
  Companies Mentioned: FLWS

  --Gross Profit Margin Improved 300 basis points to 36.6%

  --Adjusted EBITDA(1 )Loss was $5.7 million, as Compared with $5.5 million in the Prior Year Period

  --(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.)

• 1-800-FLOWERS.COM, Inc. Reports Fiscal 2024 Third Quarter Results, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: FLWS
  & Gifts $ 41,609 $ 19,762 $ 630 $ 62,001 $ 64,832 $ - $ - $ 64,832 -4.4% BloomNet 25,981 69 26,050 29,847 29,847 -12.7% Gourmet Foods & Gift Baskets 98,953 538 99,491 26,313 64,586 - 90,899 9.5% --------- ----------- -------------- --------- ------ --------- ---------- ----------- --------- ------ Segment Contribution Margin Subtotal 166,543 19,762 1,237 187,542 120,992 64,586 - 185,578 1.1% Corporate (b) (100,221) 1,180 (99,041) (91,595) 444 (91,151) -8.7% --------- ----------- -------------- --------- ----- --------- ----------- ----------- --------- ----- EBITDA (non-GAAP) 66,322 19,762 2,417 88,501 29,397 64,586 444 94,427 -6.3% Add: Stock-based compensation 7,641 7,641 5,941 5,941 28.6% Add: Compensation charge related to NQDC Plan Investment Appreciation (Depreciation) 5,712 5,712 (2,548) (2,548) 324.2 % --------- ---------- -------------- --------- ------ --------- ---------- ----------- --------- ----- Adjusted EBITDA (non-GAAP) $ 79,675 $ 19,762 $ 2,417 $ 101,854 $ 32,790 $ 64,586 $ 444 $ 97,820 4.1% ========= ========== ============== ========= ====== ========= ========== =========== ========= ====== 1-800-FLOWERS.COM, Inc. and Subsidiaries Selected Financial Information (in thousands) (unaudited) Reconciliation of net income (loss) to adjusted net income (loss) (non-GAAP): Three Months Ended Nine Months Ended -------------------- --------------------- March March 31, April 2, 31, April 2, 2024 2023 2024 2023 --------- --------- -------- ----------- Net income (loss) $(16,903) $(70,993) $14,762 $(22,155) Adjustments to reconcile net income (loss) to adjusted net income (loss) (non-GAAP) Add: Transaction costs - 201 - 444 Add: Restructuring cost/Severance 2,417 - 2,417 - Add: Goodwill and intangible impairment - 64,586 19,762 64,586 Deduct: Income tax effect on adjustments (3,538) (11,546) (3,538) (11,609) ------- ------- ------ ------- Adjusted net income (loss) (non-GAAP) $(18,024) $(17,752) $33,403 $ 31,266 ======= ======= ====== ======= Basic and diluted net income (loss) per common share Basic $ (0.26) $ (1.10) $ 0.23 $ (0.34) ======= ======= ====== ======= Diluted $ (0.26) $ (1.10) $ 0.23 $ (0.34) ======= ======= ====== ======= Basic and diluted adjusted net income (loss) per common share (non-GAAP) Basic $ (0.28) $ (0.27) $ 0.52 $ 0.48 ======= ======= ====== ======= Diluted $ (0.28) $ (0.27) $ 0.51 $ 0.48 ======= ======= ====== ======= Weighted average shares used in the calculation of basic and diluted net income (loss) and adjusted net income (loss) per common share Basic 64,489 64,767 64,703 64,660 ======= ======= ====== ======= Diluted 64,489 64,767 65,057 64,660 ======= ======= ====== ======= 1-800-FLOWERS.COM, Inc. and Subsidiaries Selected Financial Information (in thousands) (unaudited) Reconciliation of net income (loss) to adjusted EBITDA (non-GAAP): Three Months Ended Nine Months Ended -------------------- --------------------- March March 31, April 2, 31, April 2, 2024 2023 2024 2023 --------- --------- -------- ----------- Net income (loss) $(16,903) $(70,993) $ 14,762 $(22,155) Add: Interest expense and other, net (2,693) 3,116 3,138 11,150 Add: Depreciation and amortization 13,232 13,267 40,578 40,276 Add: Income tax (benefit) expense (8,333) (16,767) 7,844 126 ------- ------- ------- ------- EBITDA (14,697) (71,377) 66,322 29,397 Add: Stock-based compensation 3,046 2,487 7,641 5,941 Add: Compensation charge related to NQDC Plan Investment Appreciation (Depreciation) 3,534 (1,446) 5,712 (2,548) Add: Transaction costs - 201 - 444 Add: Restructuring cost/Severance 2,417 - 2,417 - Add: Goodwill and intangible impairment - 64,586 19,762 64,586 ------- ------- ------- ------- Adjusted EBITDA $ (5,700) $ (5,549) $101,854 $ 97,820 ======= ======= ======= ======= (a) Segment performance is measured based on segment contribution margin or segment Adjusted EBITDA, reflecting only the direct controllable revenue and operating expenses of the segments, both of which are non-GAAP measurements. As such, management's measure of profitability for these segments does not include the effect of corporate overhead, described above, depreciation and amortization, other income (net), and other items that we do not consider indicative of our core operating performance. (b) Corporate expenses consist of the Company's enterprise shared service cost centers, and include, among other items, Information Technology, Human Resources, Accounting and Finance, Legal, Executive and Customer Service Center functions, as well as Stock-Based Compensation. In order to leverage the Company's infrastructure, these functions are operated under a centralized management platform, providing support services throughout the organization. The costs of these functions, other than those of the Customer Service Center, which are allocated directly to the above categories based upon usage, are included within corporate expenses as they are not directly allocable to a specific segment. 1-800-FLOWERS.COM, Inc. and Subsidiaries Selected Financial Information (in thousands) (unaudited) Reconciliation of net cash provided by operating activities to free cash flow (non-GAAP): Nine Months Ended --------------------------------- March 31, 2024 April 2, 2023 ---------------- --------------- Net cash provided by operating activities $ 100,051 $ 73,064 Capital expenditures (26,482) (31,351) ----------- ---------- Free cash flow $ 73,569 $ 41,713 =========== ==========
  

• *DJ 1-800-FLOWERS 3Q Loss/Shr 26c >FLWS, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: FLWS