1-800-FLOWERS.COM, Inc. Reports Financial Results From Continuing Operations For Its Fiscal 2013 Fourth Quarter and Full Year
August 29 2013 - 6:30AM
Business Wire
Full Year Highlights:
- Revenues grew 4.0 percent to $735.5
million
- Adjusted EBITDA grew 10.2 percent to
$48.9 million
- Adjusted EPS grew 50.0 percent to $0.24
per fully-diluted share
- Company finishes the year with a
debt-free balance sheet and cost effective new credit facility
Fourth Quarter
Highlights:
- Revenues grew approximately 1.4 percent
to $173.0 million on a comparable, non-GAAP basis (adjusted for the
shift of the Easter holiday into the Company’s fiscal third
quarter). On a reported basis, fourth quarter revenues declined 2.5
percent compared with the prior year period.
- EBITDA, less stock-based compensation,
was $6.3 million compared with $8.6 million in the prior year
period, reflecting the impact of the shift of the Easter
holiday.
- EPS was $0.01 per fully-diluted share
compared with $0.03 per fully-diluted share in the prior year
period, reflecting the impact of the shift of the Easter
holiday.
- During the fourth quarter, the Company
made the strategic decision to divest its Winetasting.com business.
Therefore, the operating results of Winetasting.com are classified
as a discontinued operation for all periods presented.
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