1-800-FLOWERS.COM Inc - FLWS STOCK NEWS

1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) announces the appointment of Andy Milevoj as Senior Vice President of Investor Relations, effective September 19, 2022. He succeeds Joe Pititto, who will retire on December 31, 2022, after 23 years. Milevoj brings extensive experience from Barnes & Noble, where he was Vice President of Corporate Finance and Investor Relations. His expertise will be pivotal in enhancing communication with the investment community. The company is recognized for its growth and e-commerce platform, which includes notable brands like 1-800-Flowers.com and Harry & David.

1-800-FLOWERS.COM, Inc. (FLWS) reported its fiscal 2022 full-year net revenues increased 4.0% to a record $2.21 billion, with net income dropping to $29.6 million ($0.45 per diluted share) from $118.7 million ($1.78 per diluted share) in the prior year. The fourth quarter revealed a net loss of $22.3 million, reflecting significant cost increases in labor, shipping, and marketing. Despite challenges, customer acquisition surged, with over 5 million new customers added in fiscal 2022. The forecast for Q1 indicates a revenue decline of 3.0%-6.0% due to inflationary pressures.

On September 1, 2022, 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) will release its financial results for the fourth quarter and full year of fiscal 2022, which ended on July 3, 2022. The press release will occur before the market opens, followed by a conference call at 8:00 a.m. ET. Investors can access the call via webcast on the company's website, with a recording available shortly after. For further queries, the Investor Relations office can be contacted at (516) 237-6131.

1-800-FLOWERS.COM reported a net loss of $23.4 million ($0.36 per share) for the third quarter of fiscal 2022, down from a net income of $1.4 million last year. Total net revenues were $469.6 million, a decline of 1.0% year-over-year but a 68.4% increase compared to fiscal 2020. Adjusted EBITDA was a loss of $12 million, a downturn from $15.4 million a year ago. The company revised its full-year guidance to forecast revenue growth of 3.0% to 5.0% and adjusted EBITDA between $110 million and $115 million.

1-800-FLOWERS.COM (NASDAQ: FLWS) will announce its fiscal 2022 Q3 financial results on April 28, 2022, before market opening. The results will cover the period ending on March 27, 2022, and a conference call with senior management will follow at 8:00 a.m. ET. Investors can access the call via the company’s website. A replay will be available from 2:00 p.m. ET the same day until May 5, 2022. The company advises that certain statements may be forward-looking and subject to risks.

Harry & David has partnered with renowned chef Geoffrey Zakarian as their Culinary Ambassador. Zakarian will curate over 30 specialty products and share recipes that exemplify fine food and entertaining. This collaboration aims to enhance customer experiences by offering high-quality gourmet foods, including sustainably sourced seafood and fine meats, with prices ranging from $32 to $200. The partnership reflects Zakarian's culinary philosophy while providing Harry & David customers with expert advice on entertaining. This initiative is part of the brand's ongoing commitment to food excellence.

1-800-FLOWERS.COM (FLWS) reported a 7.5% increase in total net revenues, reaching $943.0 million for the fiscal 2022 second quarter. However, net income declined to $88.5 million or $1.34 per diluted share, down from $113.7 million, primarily due to increased costs in logistics and marketing. Adjusted EBITDA decreased 19.0% to $133.1 million. The company revised its full-year guidance for revenue growth to 7.0%-9.0% and adjusted EBITDA between $140 million and $150 million.