1-800-FLOWERS.Com (FLWS) Tops Q3 EPS by 1c, Miss on Revenues; Reiterates Guidance
1-800-FLOWERS.Com (NASDAQ: FLWS) reported Q3 EPS of ($0.17), $0.01 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $233.7 million versus the consensus estimate of $236.5 million.
GUIDANCE:
1-800-FLOWERS.Com sees FY2017 EPS of $0.43, versus the consensus of $0.45.
Company Guidance:
The Company is reiterating its guidance for fiscal 2017 as follows:
- Consolidated revenue growth for the year in a range of 3-to-4 percent, compared with revenues of $1.17 billion reported for fiscal 2016.
- 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 percent 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.
Highlights:
- Total revenues were $233.7 million compared with $234.2 million in the prior year period. Strong growth of 10.2 percent and 7.0 percent in the Company’s Consumer Floral and BloomNet segments, respectively, was offset by lower year-over-year revenues in its Gourmet Food and Gift Baskets segment due primarily to the shift of the Easter holiday into the Company’s fiscal fourth quarter.
- EBITDA, excluding stock-based compensation expense, was a loss of $6.5 million, compared with a loss of $4.0 million in the prior year period, primarily reflecting the impact of the Easter holiday shift.
- GAAP EPS loss for the quarter was $0.17, compared with a GAAP EPS loss of $0.14 per share in the prior year period, also primarily reflecting the impact of the Easter holiday shift.
For earnings history and earnings-related data on 1-800-FLOWERS.Com (FLWS) click here.
