1-800-FLOWERS.COM, Inc (FLWS) has reported a 2.26 percent rise in profit for the quarter ended Jan. 01, 2017. The company has earned $62.93 million, or $0.93 a share in the quarter, compared with $61.54 million, or $0.92 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $62.93 million, or $0.93 a share compared with $61.78 million or $0.92 a share, a year ago.
Revenue during the quarter went up marginally by 1.13 percent to $554.55 million from $548.38 million in the previous year period. Gross margin for the quarter expanded 28 basis points over the previous year period to 46.34 percent. Total expenses were 82.59 percent of quarterly revenues, down from 82.79 percent for the same period last year. This has led to an improvement of 20 basis points in operating margin to 17.41 percent.
Operating income for the quarter was $96.55 million, compared with $94.38 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $105.72 million compared with $103.14 million in the prior year period. At the same time, adjusted EBITDA margin improved 25 basis points in the quarter to 19.06 percent from 18.81 percent in the last year period.
Chris McCann, chief executive officer of 1-800-FLOWERS.COM, said, “During the fiscal second quarter, we achieved consolidated top and bottom-line growth in what was a challenging consumer environment throughout much of the holiday season. Our results for the period, including year-over-year increases in revenues, gross margin, EBITDA and EPS, reflect positive contributions from all three of our business segments.”
1-800-FLOWERS.COM, Inc expects revenue to grow in the range of 3 percent to 4 percent for the financial year 2017.
Operating cash flow falls marginally
1-800-FLOWERS.COM, Inc has generated cash of $109.99 million from operating activities during the first half, down 1.48 percent or $1.65 million, when compared with the last year period.
The company has spent $13.25 million cash to meet investing activities during the first six months as against cash outgo of $13.05 million in the last year period.
The company has spent $10.57 million cash to carry out financing activities during the first six months as against cash outgo of $18.09 million in the last year period.
Cash and cash equivalents stood at $113.99 million as on Jan. 01, 2017, up 5.12 percent or $5.55 million from $108.44 million on Dec. 27, 2015.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
