NASDAQ$FLWS

1 800 FLOWERS COM · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record revenues for fiscal year 2021 fourth quarter and full year.

1-800-FLOWERS.COM, Inc. reported a 16.5% increase in total net revenues for the fourth quarter of fiscal 2021, reaching $487.0 million compared to $418.0 million in the prior year period. Net income was $13.3 million, or $0.20 per diluted share, compared with Net Income of $9.8 million, or $0.15 per diluted share in the prior year period.

  • Total Net Revenues increased 16.5 percent to $487.0 million, compared with $418.0 million in the prior year period.
  • Net Income and Adjusted Net Income was $13.3 million, or $0.20 per diluted share, compared with Net Income of $9.8 million, or $0.15 per diluted share, in the prior year period.
  • Adjusted EBITDA was $30.2 million, compared with $32.5 million in the prior year period.
  • Company guides to continued double-digit revenue growth in its current fiscal 2022 full year

Headline financials

Total Revenue

$487M

Previous: $418M+16.5%
EPS (adj)

$0.20

Previous: $0.23-13.0%
Gross Profit Margin

40.7%

No prior period
Capital Expenditures

$28.4M

Previous: $12.4M+128.6%
Free Cash Flow

-$73.3M

Previous: $9.65M-859.5%
Net Income

$13.3M

Previous: $9.77M+36.2%
Operating Income

$15.3M

Previous: $12.3M+23.7%
Gross Profit

$198M

Previous: $169M+16.9%
Cash & Equivalents

$174M

Previous: $241M-27.8%
Total Assets

$1.08B

Previous: $774M+39.0%
Stock-Based Comp

$2.61M

Previous: $1.99M+30.8%

Revenue & EPS history

1 800 FLOWERS · Revenue · Quarterly

$487M

Q4 2021+16.5%vs Q4 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

1 800 FLOWERS · $487M total across 4 segments · Q4 2021

  • Consumer Floral & Gifts
    $298M+27.2%
  • Gourmet Foods & Gift Baskets
    $152M-1.1%
  • BloomNet
    $37.3M
  • Corporate
    $46K-61.3%

Forward guidance

For the fiscal 2022 full year, the Company is providing the following guidance: Total revenue growth of 10.0 percent-to-12.0 percent compared with the prior year; Adjusted EBITDA growth of 5.0 percent-to-8.0 percent; EPS in line with fiscal 2021 as improved EBITDA is offset by higher depreciation and a higher effective tax rate; and Free Cash Flow to exceed $100 million

Tailwinds

  • The significant increase in consumers shopping online where the Company’s broad product offering and brand portfolio makes it a leading destination for customers looking for solutions to help them connect, express themselves and celebrate - sentiments that have become more important than ever
  • Significant expansion of the Company’s product offering, both organically and through strategic acquisitions like Shari’s Berries and PersonalizationMall.com
  • Continued strong growth and positive behaviors in the Company’s customer file, including strong new-to-file customer growth as well as increased demand from existing customers
  • Continued strong growth in the Company’s Celebrations Passport® loyalty program, which is helping drive increased frequency, retention, and cross-category/cross-brand purchases

Headwinds

  • a challenging labor market with both limited availability
  • rising wage rates
  • significant increases in both inbound and outbound shipping rates
  • higher commodity costs

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 Q4 2021

Historical avgQ4 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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