1-800-Flowers.Com, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended January 1, 2017; Provides Earnings Guidance for the Full Year of Fiscal 2017
January 31, 2017 at 07:00 am
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1-800-FLOWERS.COM, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended January 1, 2017. For the quarter, the company reported total net revenues of $554,553,000, operating income of $96,551,000, income before income taxes of $94,396,000, net income attributable to 1-800-flowers.com, Inc. of $62,929,000, EBITDA of $105,718,000 compared to the total net revenues of $548,381,000, operating income of $94,383,000, income before income taxes of $91,979,000, net income attributable to 1-800-flowers.com, Inc. of $61,539,000, EBITDA of $103,144,000 for the same quarter a year ago.
For the year, the company reported total net revenues of $720,382,000, operating income of $73,442,000, income before income taxes of $69,986,000, net income attributable to 1-800-flowers.com, Inc. of $47,158,000, net cash provided by operating activities of $109,993,000, capital expenditures, net of non-cash expenditures of $13,253,000, EBITDA of $90,606,000 compared to the total net revenues of $704,422,000, operating income of $72,112,000, income before income taxes of $83,355,000, net income attributable to 1-800-flowers.com, Inc. of $57,055,000, net cash provided by operating activities of $111,644,000, capital expenditures, net of non-cash expenditures of $13,052,000, EBITDA of $88,845,000 for the previous year.
Regarding revenue growth, while the company anticipates achieving accelerated revenue growth in the second half of fiscal 2017, based on results for the first half of fiscal year 2017, it is revising its guidance for full year revenue growth to 3% to 4%, compared with revenues of $1.17 billion in the prior year period. Regarding bottom-line metrics and Free Cash Flow, the company is reiterating is original 2017 guidance as follows: EBITDA growth in a range of 8-to-10 percent compared with Adjusted EBITDA of $85.8 million reported for fiscal 2016. EPS growth in a range of 5% to 10% compared with Adjusted EPS of $0.43 reported for fiscal 2016. Free Cash Flow for the year of approximately $40 million compared with $24 million in fiscal 2016.
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 Fourth Quarter and Full Year Ended January 1, 2017; Provides Earnings Guidance for the Full Year of Fiscal 2017