Key Developments For 1-800-Flowers.com Inc
1-800-Flowers.com Inc (FLWS.O) (Nasdaq)
1-800-FLOWERS.COM Reiterates FY 2010 Guidance
1-800-FLOWERS.COM reiterated fiscal 2010 guidance and expects revenues from continuing operations to be flat to down approximately 5% compared with the prior year while bottom line results are expected to improve significantly, including increases of more than 30% and 20% in earnings per share (EPS) and EBITDA, respectively, compared with the prior year. Looking ahead, the Company expect improved quarterly comparisons in terms of revenues and margins as it move into the second half of 2009. Based on these factors, combined with its effective reductions in working capital and capital expenditures, it anticipate driving strong bottom line growth for fiscal 2010. The Company reported revenues of $714 million, EBITDA of $36.5 million and EPS of $0.05 in fiscal 2009. According to Reuters Estimates, analysts were expecting the Company to report revenues of $701.53 million and EBITDA of $42.31 million for the same period.
1-800-FLOWERS.COM Issues FY 2010 Mixed Outlook; Comments On Q1, Q2, Q3 And Q4 2010 Revenue Outlook
1-800-FLOWERS.COM announced that for fiscal 2010, it expects revenues to be flat to down 5% compared with fiscal 2009, earnings per share (EPS) from continuing operations to increase more than 30% and EBITDA from continuing operations to increase more than 20% compared with fiscal 2009. For first quarter of 2010, it expects total revenues of 15%-17%. For second quarter of 2010, it expects total revenues of 34%-46%. For third quarter of 2010, it expects total revenues of 23%-25%. For fourth quarter of 2010, it expects total revenues of 25%-27%. The Company reported revenues of $714 million, EBITDA of $36.5 million and EPS of $0.05 in fiscal 2009. According to Reuters Estimates, analysts were expecting the Company to report revenues of $799 million, EBITDA of $25.6 million and EPS of $0.07 for fiscal 2010; revenues of $138 million for first quarter of 2010; revenues of $304 million for second quarter of 2010; revenues of $167 million for third quarter of 2010 and revenues of $170 million for fourth quarter of 2010.
1-800-FLOWERS.COM's Subsidiary Fannie May Confections Brands, Inc. Announces New Facility Expansion
Fannie May Confections Brands, Inc., a subsidiary of 1-800-FLOWERS.COM announced plans to open a new distribution facility in Maple Heights, Ohio. The new distribution facility will support the growth of the confection business for Harry London and Fannie May brands. The new facility will create approximately 10 new full-time jobs as well as numerous part-time positions during peak seasons. In addition, Fannie May Confections Brands, Inc. continues their retail growth with plans to open additional retail stores this fall in Northeast Ohio.
1-800-FLOWERS.COM Debuts Online Store On Its Facebook Page
1-800-FLOWERS.COM announced that it has launched an e-commerce store inside its Facebook Page, where customers can purchase their floral favorites without ever leaving the site. With the debut of a fully-functioning storefront, people can browse and buy gifts directly through the 1-800-FLOWERS.COM Facebook Page.
1-800-FLOWERS.COM Comments On Q4 2009 Earnings Outlook; Reiterates FY 2009 Revenue Outlook; Comments On FY 2009 Earnings Outlook
1-800-FLOWERS.COM announced that for the fourth quarter of 2009, in terms of bottom-line results, the Company expects to be profitable on an EBITDA basis. The Company reiterated its expectation for fiscal 2009 revenues to decline 5%-to-10% compared with the prior year. The Company expects to be profitable on an EBITDA and EPS basis (before any one-time charges) for fiscal 2009. The Company reported revenue of $919.39 million in fiscal 2008. According to Reuters Estimates, analysts were expecting the Company to report EBITDA of $7.96 million and net profit of $0.57 million for the fourth quarter of 2009; revenue of $843 million, EBITDA of $43 million and EPS of $0.11for fiscal 2009.
