earnings
confidence high
sentiment negative
materiality 0.70
1-800-FLOWERS Q2 revenue up 7.5% to $943M but net income falls 22% YoY; guidance revised lower
1 800 FLOWERS COM INC
2022-Q2 EPS reported
$1.14
revenue$1,252,417,000
- Q2 net revenues of $943.0M, up 7.5% YoY from $877.3M; net income $88.5M ($1.34/diluted) vs $113.7M ($1.71) prior year.
- Adjusted net income $88.6M ($1.34/diluted) vs $114.2M ($1.72); adjusted EBITDA $133.1M, down 19% from $164.3M.
- Revised FY2022 guidance: revenue growth 7-9%, adjusted EBITDA $140-150M, EPS $0.90-$1.00 per diluted share.
- Cost increases for shipping, labor, and digital marketing cited as primary headwinds to profitability.