1-800-FLOWERS.Com (FLWS) Tops Q3 EPS by 3c, Reaffirms Growth Guidance
1-800-FLOWERS.Com (NASDAQ: FLWS) reported Q3 EPS of ($0.14), $0.03 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $278.8 million versus the consensus estimate of $266.98 million.
COMPANY GUIDANCE
Based on the continued strong growth momentum that the Company has experienced through the first three quarters of its fiscal year, combined with the positive trends it has seen through the first four weeks of the current fiscal fourth quarter, the Company is reaffirming its growth guidance for fiscal 2020 as follows:
- Total consolidated revenue growth of 8-9 percent compared with the prior year, including approximately 6-to-7 percent organic revenue growth combined with contributions from the Shari’s Berries brand, which the Company acquired in August 2019;
- EPS growth in a range of 15-to-17 percent, compared with the prior year;
- Adjusted EBITDA1 growth in a range of 13-to-15 percent, compared with the prior year, and;
- Free Cash Flow for the year in a range of $45-to-$50 million.
Note: The Company’s guidance for Fiscal Year 2020 EPS and Adjusted EBITDA1 excludes certain one-time costs, expected to be recognized in the fourth quarter, associated with the closing of its Harry & David retail stores and costs associated with its planned acquisition of PersonalizationMall.com.
For earnings history and earnings-related data on 1-800-FLOWERS.Com (FLWS) click here.
