1-800-FLOWERS.COM (FLWS) Tops Q2 EPS by 2c, Comments on Outlook
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1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) reports Q3 EPS of $0.02, 2 cents better than estimates. Revenues were $213.8 million vs. $211.42 million consensus.
The Company reiterated its guidance for fiscal 2007 which calls for growth of more than 100 percent in EBITDA and EPS reflecting its stated focus on achieving continued improvements in gross margin and operating leverage. The Company said it anticipates total revenue growth for fiscal 2007 at the low end of its original guidance range of approximately 17-to-20 percent, reflecting the lower sales in its Home and Children's Group. Regarding its current fiscal fourth quarter, which includes the spring holiday season featuring Mother's Day, the Company expects the period will represent approximately 25-to-27 percent of full-year revenues.
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