NASDAQ$FLWS

1 800 FLOWERS COM · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported record revenue and earnings results.

1-800-Flowers.com reported a 70.1 percent increase in total net revenues to $474.2 million compared to the prior year period, driven by e-commerce growth of 83.2 percent. Net income for the quarter increased $11.1 million to $1.4 million, or $0.02 per share.

  • Record top and bottom-line results reflect the strength of the ecommerce platform.
  • Company continued to grow its customer file at a record pace.
  • Celebrations Passport® loyalty program now has more than 1 million members, driving increased purchase frequency and customer retention.
  • Company expects double digit topline growth for the fiscal fourth quarter.

Headline financials

Total Revenue

$474M

Previous: $279M+70.1%
EPS (adj)

$0.02

Previous: -$0.14+114.3%
Capital Expenditures

-$26.8M

Previous: -$22.3M-20.4%
Free Cash Flow

-$25.4M

Previous: -$31.9M+20.5%
Net Income

$1.43M

Previous: -$9.66M+114.8%
Operating Income

-$309K

Previous: -$10.9M+97.2%
Gross Profit

$185M

Previous: $107M+71.9%
Cash & Equivalents

$257M

Previous: $232M+10.6%
Total Assets

$1.11B

Previous: $749M+47.9%
Stock-Based Comp

$2.87M

Previous: $2.4M+19.8%

Revenue & EPS history

1 800 FLOWERS · Revenue · Quarterly

$474M

Q3 2021+70.1%vs Q3 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

1 800 FLOWERS · $474M total across 4 segments · Q3 2021

  • Consumer Floral & Gifts
    $260M+70.6%
  • Gourmet Foods & Gift Baskets
    $175M+82.7%
  • BloomNet
    $38.8M+27.7%
  • Corporate
    $54-100.0%

Forward guidance

The Company expects to achieve total consolidated revenue growth for its fiscal fourth quarter in a range of 10-to-15 percent.

Tailwinds

  • Continued solid ecommerce demand in the 1-800-Flowers.com floral business
  • Anticipated contributions from PMall
  • Company anticipates achieving Adjusted EBITDA for its fiscal fourth quarter in a range of $25.0 million -to- $30 million
  • Company anticipates achieving EPS for its fiscal fourth quarter in a range of $0.18-to-$0.20
  • Company anticipates driving double-digit growth in its next fiscal year.

Headwinds

  • Shift of some Easter revenues into the Company’s third quarter
  • Challenging comparison with the prior year period which included record top and bottom-line growth
  • Significantly lower year-over-year digital marketing pricing associated with the initial impact of the COVID-19 pandemic
  • Higher digital marketing costs
  • Company anticipates achieving EPS for its fiscal fourth quarter in a range of $0.18-to-$0.20, compared with EPS of $0.23 in the prior year period.

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 2021

Historical avgQ3 2021

+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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