1800 FLOWERS.COM Inc. (FLWS, Financial) filed Quarterly Report for the period ended 2008-12-28.
1-800-FLOWERS.COM Inc. is a leading e-commerce provider of floral productsand gifts in terms of number of customers and revenue. With the development of the company's online business and a strategic acquisition they have continuously expanded their product offerings most recently to include gourmet foods and home and garden merchandise. As a result the company has developed relationships with customers who purchase products not only for gifting occasions but also for everyday consumption. 1800 FLOWERS.COM Inc. has a market cap of $219.18 million; its shares were traded at around $2.53 with a P/E ratio of 10.4 and P/S ratio of 0.24. 1800 FLOWERS.COM Inc. had an annual average earning growth of 19.6% over the past 5 years.
Current liabilities:
Accounts payable and accrued expenses $94,150 $63,248
Current maturities of long-term debt and obligations under capital leases 24,794 12,886
- -
Total current liabilities 118,994 76,134
Long-term debt and obligations under capital leases 93,875 55,250
Deferred income taxes 5,403 5,527
Other liabilities 3,256 2,962
- -
Total liabilities 221,478 139,873
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued - -
Class A common stock, $.01 par value, 200,000,000 shares authorized, 31,665,154
and 31,368,241 shares issued at December 28, 2008 and June 29, 2008
respectively 317 314
Class B common stock, $.01 par value, 200,000,000 shares authorized, 42,138,465
shares issued at December 28, 2008 and June 29, 2008 421 421
Additional paid-in capital 280,006 279,718
Retained deficit (28,254) (17,839)
Treasury stock, at cost, 4,813,177 and 4,724,326 Class A shares at December
28, 2008 and June 29, 2008 respectively, and 5,280,000 Class B Shares at
December 28, 2008 and June 29, 2008 (31,528) (31,149)
- -
Total stockholders' equity 220,962 231,465
- -
Total liabilities and stockholders' equity $442,440 $371,338
= =
Net (loss) income per common share:
Basic ($0.08) $0.31 ($0.17) $0.21
= = = =
Diluted ($0.08) $0.29 ($0.17) $0.20
= = = =
Weighted average shares used in the calculation
of net (loss) income per common share
Basic 63,631 63,020 63,574 62,825
= = = =
Diluted 63,631 66,050 63,574 66,026
= = = =
The following table sets forth the computation of basic and diluted net income
per common share:
Three Months Ended Six Months Ended
- -
December 28, December 30, December 28, December 30,
2008 2007 2008 2007
- - - -
(in thousands, except per share data)
Numerator:
Net (loss) income ($5,111) $19,256 ($10,415) $13,466
= = = =
Denominator:
Weighted average shares outstanding 63,631 63,020 63,574 62,825
Effect of dilutive securities:
Employee stock options - 2,238 - 2,218
Employee restricted stock awards - 792 - 983
- - - -
- 3,030 - 3,201
- - - -
Adjusted weighted-average shares and assumed
conversions 63,631 66,050 63,574 66,026
= = = =
Net (loss) income per common share:
Basic ($0.08) $0.31 ($0.17) $0.21
= = = =
Diluted ($0.08 $0.29 ($0.17) $0.20
= = = =
Stock options $369 $270 $729 $772
Restricted stock awards (1,411) 566 (552) 1,533
- - - -
Total (1,042) 836 177 2,305
Deferred income tax benefit (453) 509 (64) 996
- - - -
Stock-based compensation expense, net ($589) $327 $241 $1,309
= = = =
Marketing and sales ($649) $242 ($118) $756
Technology and development 118 99 293 319
General and administrative (511) 495 2 1,230
- - - -
Total ($1,042) $836 $177 $2,305
= = = =
Net Revenues $329,328 $376,841 $488,390 $541,491
Income (loss) from operations $6,784 $41,448 ($19,213) $32,968
Net (loss) income ($5,111) $23,761 ($10,332) $19,305
Basic net (loss) income per common share ($0.08) $0.38 ($0.16) $0.31
Diluted net (loss) income per common share ($0.08) $0.36 ($0.16) $0.29
Read the The complete Report
1-800-FLOWERS.COM Inc. is a leading e-commerce provider of floral productsand gifts in terms of number of customers and revenue. With the development of the company's online business and a strategic acquisition they have continuously expanded their product offerings most recently to include gourmet foods and home and garden merchandise. As a result the company has developed relationships with customers who purchase products not only for gifting occasions but also for everyday consumption. 1800 FLOWERS.COM Inc. has a market cap of $219.18 million; its shares were traded at around $2.53 with a P/E ratio of 10.4 and P/S ratio of 0.24. 1800 FLOWERS.COM Inc. had an annual average earning growth of 19.6% over the past 5 years.
Highlight of Business Operations:
Liabilities and stockholders' equityCurrent liabilities:
Accounts payable and accrued expenses $94,150 $63,248
Current maturities of long-term debt and obligations under capital leases 24,794 12,886
- -
Total current liabilities 118,994 76,134
Long-term debt and obligations under capital leases 93,875 55,250
Deferred income taxes 5,403 5,527
Other liabilities 3,256 2,962
- -
Total liabilities 221,478 139,873
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued - -
Class A common stock, $.01 par value, 200,000,000 shares authorized, 31,665,154
and 31,368,241 shares issued at December 28, 2008 and June 29, 2008
respectively 317 314
Class B common stock, $.01 par value, 200,000,000 shares authorized, 42,138,465
shares issued at December 28, 2008 and June 29, 2008 421 421
Additional paid-in capital 280,006 279,718
Retained deficit (28,254) (17,839)
Treasury stock, at cost, 4,813,177 and 4,724,326 Class A shares at December
28, 2008 and June 29, 2008 respectively, and 5,280,000 Class B Shares at
December 28, 2008 and June 29, 2008 (31,528) (31,149)
- -
Total stockholders' equity 220,962 231,465
- -
Total liabilities and stockholders' equity $442,440 $371,338
= =
Net (loss) income per common share:
Basic ($0.08) $0.31 ($0.17) $0.21
= = = =
Diluted ($0.08) $0.29 ($0.17) $0.20
= = = =
Weighted average shares used in the calculation
of net (loss) income per common share
Basic 63,631 63,020 63,574 62,825
= = = =
Diluted 63,631 66,050 63,574 66,026
= = = =
The following table sets forth the computation of basic and diluted net income
per common share:
Three Months Ended Six Months Ended
- -
December 28, December 30, December 28, December 30,
2008 2007 2008 2007
- - - -
(in thousands, except per share data)
Numerator:
Net (loss) income ($5,111) $19,256 ($10,415) $13,466
= = = =
Denominator:
Weighted average shares outstanding 63,631 63,020 63,574 62,825
Effect of dilutive securities:
Employee stock options - 2,238 - 2,218
Employee restricted stock awards - 792 - 983
- - - -
- 3,030 - 3,201
- - - -
Adjusted weighted-average shares and assumed
conversions 63,631 66,050 63,574 66,026
= = = =
Net (loss) income per common share:
Basic ($0.08) $0.31 ($0.17) $0.21
= = = =
Diluted ($0.08 $0.29 ($0.17) $0.20
= = = =
Stock options $369 $270 $729 $772
Restricted stock awards (1,411) 566 (552) 1,533
- - - -
Total (1,042) 836 177 2,305
Deferred income tax benefit (453) 509 (64) 996
- - - -
Stock-based compensation expense, net ($589) $327 $241 $1,309
= = = =
Marketing and sales ($649) $242 ($118) $756
Technology and development 118 99 293 319
General and administrative (511) 495 2 1,230
- - - -
Total ($1,042) $836 $177 $2,305
= = = =
Net Revenues $329,328 $376,841 $488,390 $541,491
Income (loss) from operations $6,784 $41,448 ($19,213) $32,968
Net (loss) income ($5,111) $23,761 ($10,332) $19,305
Basic net (loss) income per common share ($0.08) $0.38 ($0.16) $0.31
Diluted net (loss) income per common share ($0.08) $0.36 ($0.16) $0.29
Read the The complete Report
