1-800-FLOWERS.COM Reaffirms FY 2012 Guidance; Comments On Q4 2012 Revenue Guidance

1-800-FLOWERS.COM reaffirmed its revenue guidance for fiscal 2012 of mid-to-upper single digit growth. This is based on the 9.7% growth achieved through the first three quarters of fiscal 2012 combined with anticipated solid growth in the Company's fiscal fourth quarter, adjusted for the shift of the Easter holiday and extra week in the fiscal 2011 fourth quarter (the Company operates on a retail calendar that included 53 weeks of business in fiscal 2011 compared with 52 weeks of business in fiscal 2012). The Company said that it continues to expect EBITDA, EPS and Free Cash Flow to grow at rates in excess of its anticipated revenue growth. For the fourth quarter of 2012, the Company anticipate revenue growth will remain solid, adjusting for the Easter shift and the extra week in the prior year period, across all three of its business segments. The Company reported revenue of $690 million, EBITDA of $13 million and EPS of $0.09 in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $719 million, EBITDA of $39 million and EPS of $0.14 for fiscal 2012; and revenue of $191 million for the fourth quarter of 2012.