1-800-FLOWERS.COM reports record revenue and earnings results in second quarter

Whole web revenues had been up by $271.6m to $877.3m, in contrast with whole revenues of $605.6m within the prior 12 months interval, the corporate introduced in outcomes for its Fiscal 2021 second quarter ended 27 December 2020.

Chris McCann, CEO of 1-800-FLOWERS.COM, stated: “We’re more than happy to report the best quarterly income and revenue in our firm’s historical past. Our file prime and bottom-line outcomes symbolize the seventh consecutive quarter of sturdy income development throughout our three enterprise segments and displays a continuation of the momentum that we now have been constructing over the previous a number of years.

“These outcomes had been primarily pushed by sturdy, double-digit ecommerce development throughout our gourmand meals and reward basket manufacturers, in our market-leading 1-800-Flowers.com floral enterprise, and in our latest market-leading model, PersonalizationMall.com​.”

Second Quarter 2021 Monetary Outcomes

Whole consolidated revenues elevated 44.8%, or 271.2m, to $877.3m, in contrast with whole consolidated revenues of $605.6m within the prior 12 months interval, pushed by ecommerce development of 59.7% together with income contributions from PersonalizationMall.com (‘PMall’), which the corporate acquired in August 2020.

Excluding the contribution from PMall, whole web revenues elevated 24.7% and e-commerce web revenues elevated 34.6% in contrast with the prior 12 months interval.

Gross revenue margin for the quarter elevated 100 foundation factors to 45.4%, in contrast with 44.4% within the prior 12 months interval. Working bills as a % of whole revenues was 28.6%, in contrast with 28.0% within the prior 12 months interval. Excluding the impacts of the corporate’s non-qualified deferred 401okay compensation plan and one-time prices primarily related to its acquisition of PMall, working bills, as a share of whole revenues was 28.3% within the quarter.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *