1-800-FLOWERS.Com (FLWS) Misses Q2 EPS by 45c, Lowers FY Guidance

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Go back to 1-800-FLOWERS.Com (FLWS) Misses Q2 EPS by 45c, Lowers FY Guidance

1-800-FLOWERS.COM, Inc. Reports 7.5 Percent Revenue Growth for Its Fiscal 2022 Second Quarter

January 27, 2022 6:45 AM EST

Total net revenues increased 7.5 percent, or $65.8 million, to $943.0 million, compared with $877.3 million in the prior year period. This revenue growth was on top of the 44.8 percent revenue growth reported in the Companys 2021 fiscal second quarter. Net income for the quarter was $88.5 million, or $1.34 per diluted share compared with net income of $113.7 million, or $1.71 per diluted share, in the prior year period, primarily reflecting significant year-over-year cost increases for inbound and outbound shipping, labor, and digital marketing. Adjusted net income1 for the quarter was $88.6 million, or $1.34 per diluted share, compared with adjusted net income1 of... More