On April 26, 1-800-Flowers.com
- Revenues rose 18.8% to $213.8 million because of strong growth in three key categories: consumer floral, BloomNet wire service, and gourmet food and gift baskets.
- The gross margin improved by 150 basis points, led by enhanced sourcing, pricing initiatives, and a better product mix. Improved gross margin and operating margin helped the company go from a loss to a profit.
- In the fourth quarter, which includes Mother's Day, management expects the company to generate 25% to 27% of full-year revenues.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$213.8 |
$180.0 |
18.8% |
|
Net Profit |
$1.1 |
($1.5) |
N/A |
|
EPS |
$0.02 |
($0.02) |
N/A |
|
Diluted Shares |
64.3 |
65.1 |
(1.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
40.6% |
39.0% |
1.6 |
|
Operating Margin |
1.7% |
(1.8%) |
3.4 |
|
Net Margin |
0.5% |
(0.9%) |
1.4 |
*Expressed in percentage points
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$10.2 |
$18.6 |
(45.3%) |
|
Accounts Rec. |
$21.8 |
$13.1 |
66.1% |
|
Inventory |
$66.3 |
$43.3 |
53.2% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$63.3 |
$55.9 |
13.3% |
|
Long-Term Debt |
$70.6 |
$1.9 |
3,541.4% |
*Accounts payable includes accrued expenses
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$10.7 |
($1.8) |
N/A |
|
Capital Expenditures |
$13.6 |
$17.0 |
(20.4%) |
|
Free Cash Flow |
($2.9) |
($18.8) |
N/A |
Free cash flow is a Fool's best friend.
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
