1-800-Flowers.com Inc. (NASDAQ:FLWS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
1-800-Flowers.com Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 50% to $0.01 in the quarter versus EPS of $0.02 in the year-earlier quarter.
Revenue: Decreased 3.65% to $173 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: 1-800-Flowers.com Inc. reported adjusted EPS income of $0.01 per share. By that measure, the company beat the mean analyst estimate of $0. It missed the average revenue estimate of $182 million.
Quoting Management: Jim McCann, CEO of 1-800-FLOWERS.COM, said, “The solid top and bottom line results we achieved in fiscal 2013 reflect a continuation of the positive trends that we have seen in our business for the past several years. This has been driven primarily by the strong performance of our 1-800-FLOWERS.COM consumer floral business along with contributions from our BloomNet wire service and strong ecommerce growth in our Gourmet Foods and Gift Baskets category. Importantly, we achieved these results despite an uneven consumer economy, illustrating the effectiveness of our strategy to focus on those aspects of our business where we can exert control and drive consistent, incremental improvements. These include our innovative Social and Mobile marketing programs and enhanced merchandising efforts featuring truly original product designs. These efforts contributed to continued year-over-year revenue growth while improving both our operating expense ratio and gross profit margins.”
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