NASDAQ$FLWS

1 800 FLOWERS COM · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported strong revenue growth for the fiscal year 2020 third quarter and reaffirmed guidance for strong top and bottom-line growth for the full fiscal year 2020.

1-800-FLOWERS.COM, Inc. reported a 12.2 percent increase in total net revenues, reaching $278.8 million compared to $248.4 million in the prior year period. The company experienced a net loss of $9.7 million, or a loss of $0.15 per share, and an adjusted net loss of $9.0 million, or a loss of $0.14 per share. Adjusted EBITDA was a loss of $2.4 million, compared to a loss of $4.4 million in the prior year period.

  • Total net revenues increased by 12.2 percent, reaching $278.8 million.
  • Gourmet Foods and Gift Baskets segment revenues increased by 27.1 percent.
  • Consumer Floral segment revenues increased by 5.4 percent.
  • BloomNet revenues increased by 7.9 percent.

Headline financials

Total Revenue

$279M

Previous: $248M+12.2%
EPS (adj)

-$0.14

Previous: -$0.13-7.7%
Capital Expenditures

-$22.3M

Previous: -$16.8M-32.3%
Free Cash Flow

-$31.9M

Previous: -$25.1M-27.3%
Net Income

-$9.66M

Previous: -$8.24M-17.2%
Operating Income

-$10.9M

Previous: -$14.6M+25.6%
Gross Profit

$107M

Previous: $97.5M+10.2%
Cash & Equivalents

$232M

Previous: $206M+12.5%
Total Assets

$749M

Previous: $615M+21.7%
Stock-Based Comp

$2.4M

Previous: $1.9M+25.9%

Revenue & EPS history

1 800 FLOWERS · Revenue · Quarterly

$279M

Q3 2020+12.2%vs Q3 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

1 800 FLOWERS · $279M total across 4 segments · Q3 2020

  • Consumer Floral & Gifts
    $153M+5.4%
  • Gourmet Foods & Gift Baskets
    $95.9M+27.1%
  • BloomNet
    $30.4M+7.9%
  • Corporate
    $112K-57.4%

Forward guidance

The Company is reaffirming its growth guidance for fiscal 2020.

Tailwinds

  • Total consolidated revenue growth of 8-9 percent compared with the prior year.
  • Organic revenue growth of approximately 6-to-7 percent.
  • Contributions from the Shari’s Berries brand.
  • EPS growth in a range of 15-to-17 percent, compared with the prior year.
  • Adjusted EBITDA growth in a range of 13-to-15 percent, compared with the prior year.

Headwinds

  • Guidance excludes certain one-time costs associated with the closing of Harry & David retail stores.
  • Guidance excludes costs associated with its planned acquisition of PersonalizationMall.com.
  • The impact of the Covid-19 pandemic on the Company.
  • Its ability to leverage its operating platform and reduce operating expense ratio.
  • Its ability to successfully integrate acquired businesses and assets.

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 Q3 2020

Historical avgQ3 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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