1-800-FLOWERS.COM(FLWS)
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1-800-FLOWERS.COM(FLWS) - 2022 Q3 - Quarterly Report
2022-05-05 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 27, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File No. 0-26841 1-800-FLOWERS.COM, Inc. (Exact name of registrant as specified in its charter) Delaware 11-3117311 (State of inc ...
1-800-FLOWERS.COM(FLWS) - 2022 Q3 - Earnings Call Transcript
2022-04-28 16:38
1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Q3 2022 Earnings Conference Call April 28, 2022 8:00 AM ET Company Participants Christopher G. McCann – Chief Executive Officer Thomas Hartnett – President William E. Shea – Senior Vice President of Finance and Administration, Chief Financial Officer Joseph Pititto – Senior Vice President, Investor Relations and Corporate Communications Conference Call Participants Anthony Lebiedzinski – Sidoti & Company Alex Fuhrman – Craig-Hallum Capital Group Linda Bolton Weiser – D. ...
1-800-FLOWERS.COM(FLWS) - 2022 Q2 - Quarterly Report
2022-02-03 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 26, 2021 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File No. 0-26841 1-800-FLOWERS.COM, Inc. (Exact name of registrant as specified in its charter) Delaware 11-3117311 (State of in ...
1-800-FLOWERS.COM(FLWS) - 2022 Q2 - Earnings Call Transcript
2022-01-27 16:36
Financial Data and Key Metrics Changes - The company achieved a revenue growth of 7.5% for the fiscal second quarter, totaling $943 million compared to $877.3 million in the prior-year period [21][29] - Adjusted EBITDA for the quarter was $133.1 million, down 19% from $164.3 million in the prior-year period [22] - Net income for the quarter was $88.5 million, or $1.34 per diluted share, compared to $113.7 million, or $1.71 per diluted share in the prior year [22][23] - Gross profit margin for the holiday period was 40.1%, a decline of 530 basis points compared to the prior-year period [21] Business Segment Data and Key Metrics Changes - Gourmet Food and Gift Baskets segment revenues increased by 9.8% to $590.9 million, driven primarily by the Harry & David brand, which saw over 10% growth [23] - Consumer Floral and Gifts segment revenues increased by 3.2% to $315.1 million, with the 1-800-FLOWERS brand growing by 2.8% [24] - BloomNet revenues increased by 11.4% to $37.9 million, reflecting increased wholesale shipments of hard goods [25] Market Data and Key Metrics Changes - The company faced significant macroeconomic headwinds, including supply chain disruptions, labor shortages, and increased shipping costs, which impacted gross margins and overall profitability [8][20] - The company noted that consumer demand slowed after the Thanksgiving holiday, affecting revenue growth expectations [7][36] Company Strategy and Development Direction - The company continues to focus on customer engagement and expanding product offerings, including the integration of the newly acquired Vital Choice into its platform [12][30] - Initiatives to mitigate cost pressures include automation of warehouse operations and strategic inventory management [9][20] - The Celebrations Passport loyalty program was enhanced to include a tiered points-based system, aimed at increasing customer retention and purchase frequency [15][16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges in the macroeconomic environment but expressed optimism about long-term growth potential, citing strong customer engagement and loyalty program performance [30][38] - The company anticipates revenue growth in the range of 7% to 9% for the fiscal year, with adjusted EBITDA expected between $140 million and $150 million [27][28] Other Important Information - The company added over 1.8 million new customers during the quarter, with existing customers accounting for more than 66% of total revenues [14] - The cash and investment position was $271.1 million at the end of the second quarter, reflecting investments in inventory and stock repurchases [26] Q&A Session Summary Question: When did the company start trying to pass through pricing, and how much was price inelasticity an issue? - The company began implementing strategic price increases early in the season, with dynamic pricing allowing adjustments based on consumer demand [32][34] Question: Why is the revenue guidance reduced for the next two quarters? - The guidance reflects observed consumer pullback and ongoing cost challenges, with expectations of high single-digit growth in the near term [36][37] Question: Can the company discuss the effectiveness of its marketing channels? - The company shifted some marketing spend towards television advertising but faced rising costs and decreased effectiveness as consumer demand softened [46][48] Question: What specific pricing increases are planned for the upcoming quarters? - Pricing strategies will be dynamic, with adjustments based on real-time consumer response and market conditions [72][73]
1-800-FLOWERS.COM(FLWS) - 2022 Q1 - Quarterly Report
2021-11-04 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 26, 2021 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File No. 0-26841 1-800-FLOWERS.COM, Inc. (Exact name of registrant as specified in its charter) Two Jericho Plaza, Suite 200, J ...
1-800-FLOWERS.COM(FLWS) - 2022 Q1 - Earnings Call Transcript
2021-10-29 07:14
1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Q1 2022 Earnings Conference Call October 28, 2021 8:00 AM ET Company Participants Joseph Pititto - Investor Relations Chris McCann - Chief Executive Officer Bill Shea - Chief Financial Officer Conference Call Participants Michael Kupinski - NOBLE Capital Markets Dan Kurnos - The Benchmark Company Linda Bolton Weiser - D.A. Davidson Alex Fuhrman - Craig-Hallum Doug Lane - Lane Research Timothy Vierengel - Northcoast Research Operator Good day and welcome to the 1-800-FLO ...
1-800-FLOWERS.COM(FLWS) - 2021 Q4 - Annual Report
2021-09-09 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 27, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 0-26841 1-800-FLOWERS.COM, Inc. (Exact name of registrant as specified in its charter) 1-800-FLOWERS.COM, INC. Delaware (State or other jurisdiction of incorporation or or ...
1-800-FLOWERS.COM(FLWS) - 2021 Q4 - Earnings Call Transcript
2021-08-26 17:53
1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Q4 2021 Earnings Conference Call August 26, 2021 8:00 AM ET Company Participants Joe Pititto - Senior Vice President of Investor Relations Chris McCann - Chief Executive Officer Bill Shea - Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Michael Kupinski - NOBLE Capital Markets Dan Kurnos - The Benchmark Company Doug Lane - Lane Research Linda Bolton-Weiser - D.A. Davidson Alex Fuhrman - Craig-Hallum Capital Group Tim Vieren ...
1-800-FLOWERS.COM(FLWS) - 2021 Q3 - Quarterly Report
2021-05-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 28, 2021 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File No. 0-26841 1-800-FLOWERS.COM, Inc. (Exact name of registrant as specified in its charter) | --- | --- | |-------------------------------------- ...
1-800-FLOWERS.COM(FLWS) - 2021 Q3 - Earnings Call Transcript
2021-05-02 07:19
1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Q3 2021 Earnings Conference Call April 29, 2021 8:00 AM ET Company Participants Joseph D. Pititto - Senior Vice President, Investor Relations and Corporate Communications Christopher G. McCann - President and Chief Executive Officer William E. Shea - Senior Vice President, Finance and Administration, Treasurer and Chief Financial Officer Conference Call Participants Alex Fuhrman - Craig-Hallum Capital Group LLC Michael Kupinski - NOBLE Capital Markets Linda Bolton-Weise ...