1-800-FLOWERS.COM, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for 2018
January 31, 2018 at 07:00 am
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1-800-FLOWERS.COM, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2017. For the second quarter, the company's total net revenues were $526,093,000 against $554,553,000 a year ago. Operating income was $84,466,000 against $96,551,000 a year ago. Income before income taxes was $83,326,000 against $94,396,000 a year ago. Net income was $70,699,000 or $1.06 per diluted share against $62,929,000 or $0.93 per diluted share a year ago. Adjusted Net Income was $58,541,000 or $0.88 per diluted share against $59,617,000 or $0.88 per diluted share a year ago. Non-GAAP EBITDA was $93,143,000 against $105,718,000 a year ago. Non-GAAP adjusted EBITDA was $94,475,000 against $101,678,000 a year ago.
For the six months, the company's total net revenues were $683,442,000 against $720,382,000 a year ago. Operating income was $64,863,000 against $73,442,000 a year ago. Income before income taxes was $62,952,000 against $69,986,000 a year ago. Net income was $57,477,000 or $0.86 per diluted share against $47,158,000 or $0.70 per diluted share a year ago. Net cash provided by operating activities was $114,166,000 against $109,993,000 a year ago. Capital expenditures, net of non-cash expenditures was $8,864,000 against $13,253,000 a year ago. Adjusted Net Income was $45,319,000 or $0.68 per diluted share against $46,803,000 or $0.69 per diluted share a year ago. Non-GAAP EBITDA was $81,624,000 against $90,606,000 a year ago. Non-GAAP adjusted EBITDA was $84,332,000 against $92,234,000 a year ago.
For the year 2018, the company expects consolidated revenue in a range of $1.13 billion to $1.15 billion; EPS in a range of $0.62 to $0.64 per diluted share; adjusted EBITDA in a range of $82.0 to $85.0 million; and free Cash Flow for the year in a range of $30.0 million to $40.0 million. The company also expects its federal tax rate of 28%. Company expects its revenue growth rate to accelerate to more than 5.0%.
1-800-Flowers.Com, Inc. is a provider of gifts designed to help customers to give, connect, and build relationships. The Companyâs e-commerce business platform features a family of brands, including 1-800-Flowers.com, 1-800-Baskets.com, Cherylâs Cookies, Harry & David, PersonalizationMall.com, Shariâs Berries, FruitBouquets.com, Things Remembered, Moose Munch, The Popcorn Factory, Wolfermanâs Bakery, and others. Its Celebrations Passport loyalty program provides members with free standard shipping and no service charge across its portfolio of brands. It also operates BloomNet, an international floral and gift industry service provider offering a range of products and services designed to help members grow their businesses profitably; Napco, a resource for floral gifts and seasonal decor; DesignPac Gifts, LLC, a manufacturer of gift baskets and towers; and Aliceâs Table, a lifestyle business. Its segments include Consumer Floral & Gifts, BloomNet, and Gourmet Foods & Gift Baskets.
1-800-FLOWERS.COM, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for 2018