1-800-FLOWERS.Com (FLWS) Misses Q3 EPS by 1c, Beats on Revenues; Offers FY18 EPS Guidance Below Consensus

1-800-FLOWERS.Com (NASDAQ: FLWS) reported Q3 EPS of ($0.13), $0.01 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $238.5 million versus the consensus estimate of $231.4 million.

• Total revenues increased 2.1 percent to $238.5 million compared with $233.7 million in the prior year period. On a comparable basis1 (adjusted for the sale of Fannie May Confection Brands, which closed on May 30, 2017) total revenues increased 10.2 percent.
• EPS loss for the quarter was $0.13, compared with an EPS loss of $0.17 in the prior year period. On a comparable basis1, EPS loss in the prior year period was $0.15.
• Adjusted EBITDA1 was a loss of $3.6 million, compared with a loss of $5.1 million in the prior year period.

Company Guidance:

The Company expects to achieve solid performance in its fiscal fourth quarter, which includes the key Mother’s Day holiday period. Reflecting the results of the first nine months of the fiscal year and the impact of the “Tax Cuts and Jobs Act” legislation, the Company is updating its guidance for fiscal 2018 as follows:

• Consolidated comparable revenue at the high end of its previously stated range of $1.13 billion - to - $1.15 billion;
• EPS of approximately $0.60 per diluted share;
• Comparable Adjusted EBITDA of approximately $80 million;
• Free Cash Flow for the year in a range of $30.0 million - to - $40.0 million.

GUIDANCE:

1-800-FLOWERS.Com sees FY2018 EPS of $0.60, versus the consensus of $0.63. 1-800-FLOWERS.Com sees FY2018 revenue of $1.13-1.15 billion, versus the consensus of $1.14 billion.

For earnings history and earnings-related data on 1-800-FLOWERS.Com (FLWS) click here.

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