** charts after earnings **
1-800-FLOWERS beats by $0.03, beats on revs; sees FY23 revenue declining by mid-single digits
- Reports Q1 (Sep) loss of $0.52 per share, $0.03 better than the S&P Capital IQ Consensus of ($0.55); revenues fell 2.0% year/year to $303.6 mln vs the $295.77 mln S&P Capital IQ Consensus.
- Gross profit margin for the quarter was 33.4%, a decline of 720 basis points, compared with 40.6% in the prior year period, primarily reflecting significantly increased costs for labor, shipping and commodities in the current year period.
- FY23 Outlook: Total revenues to decline in the mid-single digit range on a percentage basis as compared with the prior year; Adjusted EBITDA to be in a range of $75 million to $80 million; and Free Cash Flow to exceed $75 million.
No comments:
Post a Comment