2023-05-11 06:51:48 ET
- 1-800 FLOWERS.COM press release ( NASDAQ: FLWS ): Q3 Non-GAAP EPS of -$0.27 beats by $0.09 .
- Revenue of $417.6M (-11.1% Y/Y) misses by $8.87M .
- Gross profit margin for the quarter increased 80 basis points to 33.6%, compared with 32.8% in the prior year period.
- Adjusted EBITDA for the quarter was a loss of $5.5 million, as compared with an Adjusted EBITDA loss of $12.0 million in the prior year period.
- Based on its third quarter performance and outlook for the balance of the year, the Company is updating its Fiscal 2023 guidance.
- Total revenues to decline approximately 8% vs. estimated decline of -6.38% Y/Y as compared with the prior year.
- Adjusted EBITDA to be in a range of $85 million to $90 million.
- Free Cash Flow to exceed $75 million.
For further details see:
1-800 FLOWERS.COM reports mixed Q3 earnings; updates FY23 outlook