NASDAQ$FLWS

1 800 FLOWERS COM · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported strong top and bottom-line growth, driven by growth in all three business segments.

1-800-FLOWERS.COM, Inc. reported total revenues of $605.6 million, up 6.0 percent compared to the prior year. Net income was $74.2 million, or $1.12 EPS. Adjusted EBITDA was $110.7 million, up 7.4 percent compared to the prior year.

  • Total revenues were $605.6 million, up 6.0 percent compared to the prior year period.
  • 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.
  • Adjusted EBITDA was $110.7 million, up 7.4 percent compared with $103.1 million in the prior year period.
  • Company raised guidance for full year EBITDA and EPS.

Headline financials

Total Revenue

$606M

Previous: $571M+6.0%
EPS (adj)

$1.12

Previous: $0.88+27.3%
Gross Profit Margin

44.4%

Previous: 44.6%-0.4%
Capital Expenditures

-$10.7M

Previous: -$11.8M+9.1%
Free Cash Flow

$63.4M

Previous: $56.8M+11.7%
Net Income

$74.2M

Previous: $68.6M+8.1%
Operating Income

$99.6M

Previous: $94.7M+5.2%
Gross Profit

$269M

Previous: $255M+5.6%
Cash & Equivalents

$296M

Previous: $258M+14.7%
Total Assets

$826M

Previous: $685M+20.5%
Stock-Based Comp

$2.28M

Previous: $1.67M+36.3%

Revenue & EPS history

1 800 FLOWERS · Revenue · Quarterly

$606M

Q2 2020+6%vs Q2 2019
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

1 800 FLOWERS · $606M total across 4 segments · Q2 2020

  • Gourmet Foods & Gift Baskets
    $465M+5.6%
  • Consumer Floral & Gifts
    $116M+7.0%
  • BloomNet
    $25.7M+9.8%
  • Corporate
    $165K-47.6%

Forward guidance

Based on its results through the first half of its fiscal year 2020 and its outlook for continued strong performance in the second half of the fiscal year, the Company is updating its guidance for the full fiscal year as follows:

Tailwinds

  • Reaffirming guidance for total consolidated revenue growth of 8-to-9 percent, compared with the prior year, including approximately 6-to-7 percent organic revenue growth combined with anticipated contributions from the acquisition of the Shari’s Berries brand
  • Increasing guidance for EPS growth to a range of 15-to-17 percent from a previous range of 8-to-10 percent
  • Increasing guidance for Adjusted EBITDA growth to a range of 13-to-15 percent from a previous range of 8-to-10 percent
  • Increasing guidance for Free Cash Flow for the year to a range of $45-to-$50 million from a previous target of approximately $45 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.6%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.2%

Avg return

30 days after

54%

34 / 63 earnings

Positive

+28.9%

Q3 2021

Best reaction

-21.4%

Q1 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+4.8%-7.0%-5.0%
Q2 2026+14.6%-2.5%-13.9%
Q1 2026+3.2%-2.9%-2.3%
Q3 2025-16.2%-16.4%-13.5%
Q2 2025-8.4%-8.4%-21.9%
Q1 2025+3.1%+4.1%+1.5%
Q4 2024-10.8%-16.3%-11.6%
Q3 2024-1.8%-3.0%+6.8%
Q2 2024-0.1%-2.5%-1.2%
Q1 2024+13.8%+8.7%+19.7%
Q4 2023+1.4%-5.9%+0.3%
Q3 2023+7.1%+13.3%-4.5%
Q2 2023+9.9%+8.0%+4.8%
Q1 2023+16.6%+14.9%+32.2%
Q4 2022-14.6%-22.5%-25.2%
Q3 2022-16.6%-9.0%-20.2%
Q2 2022-19.9%-20.7%-28.1%
Q1 2022+12.6%+12.3%+14.0%
Q4 2021-1.0%+3.2%+10.3%
Q3 2021+28.9%+34.7%+22.8%
Q2 2021-15.5%-20.9%-22.2%
Q1 2021-21.4%-17.2%-1.0%
Q4 2020+3.1%+8.2%-15.6%
Q3 2020+3.6%+14.5%+22.4%
Q2 2020+0.6%+4.2%+19.5%
Q1 2020+0.4%-2.7%+0.6%
Q4 2019-21.0%-23.9%-26.5%
Q3 2019+7.0%+5.6%-7.1%
Q2 2019+22.6%+29.8%+37.1%
Q1 2019+27.9%+21.1%+19.7%
Q4 2018-11.5%-15.9%-15.5%
Q3 2018-5.5%-4.3%-0.8%
Q2 2018-10.8%-12.1%+3.9%
Q1 2018-0.5%+1.6%+9.6%
Q4 2017+0.6%-0.6%+9.6%
Q3 2017-5.9%-4.1%-8.7%
Q2 2017-4.1%-1.6%+2.6%
Q1 2017+8.4%+11.2%+20.2%
Q4 2016-3.1%-2.7%-3.4%
Q3 2016+0.9%
Q2 2016+1.6%
Q1 2016-10.0%
Q4 2015-7.2%
Q3 2015+2.7%
Q2 2015+13.2%
Q1 2015+7.4%
Q4 2014+12.7%
Q3 2014-0.7%
Q2 2014+2.0%
Q1 2014+4.1%
Q4 2013-6.4%
Q3 2013-5.6%
Q2 2013+7.8%
Q1 2013+0.0%
Q4 2010+4.8%
Q2 2012+4.8%
Q4 2012+2.8%
Q3 2011-3.4%
Q3 2012-3.4%
Q2 2011-1.0%
Q1 2012+3.1%
Q1 2011+10.2%
Q3 2010-3.0%

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