On Aug. 8, 1-800-Flowers.com (NASDAQ:FLWS) announced fiscal fourth-quarter earnings for the period ended July 1.
- 1-800-Flowers grew sales by 9.8% to $231.8 million. Each category posted impressive gains, with the exception of its home and children's business.
- Gross margins soared 270 basis points to 42.7%, thanks to the perfect blend of an improved product mix and enhanced sourcing and pricing initiatives.
- The really impressive growth took place in the company's earnings, up 545% to $6.6 million, or $0.10 per share.
- Despite its remarkable performance over the past year, 1-800-Flowers garners a rating of just one star (out of a possible five) over at Motley Fool CAPS. Think investors are full of manure? Join the CAPS community and offer your own opinion.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q4 2007 |
Q4 2006 |
Change | |
|---|---|---|---|
|
Sales |
$231.8 |
$211.1 |
9.8% |
|
Net Profit |
$6.6 |
$1.0 |
545.2% |
|
EPS |
$0.1 |
$0.02 |
400% |
|
Diluted Shares |
64.9 |
66.5 |
(2.4%) |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2007 |
Q4 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
42.7% |
40% |
2.7 |
|
Operating Margin |
5.3% |
1.2% |
4.1 |
|
Net Margin |
2.8% |
0.5% |
2.3 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$16.1 |
$24.6 |
(34.6%) |
|
Accounts Rec. |
$17.0 |
$13.2 |
29.3% |
|
Inventory |
$62.1 |
$53.0 |
17.2% |
|
Liabilities |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$62.4 |
$63.9 |
(2.2%) |
|
Long-Term Debt |
$68.0 |
$78.1 |
(12.9%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q4 2007 |
Q4 2006 |
Change | |
|---|---|---|---|
|
Cash from Ops. |
$32.3 |
$14.7 |
119.4% |
|
Capital Expenditures |
$18.0 |
$20.5 |
(11.9%) |
|
Free Cash Flow |
$14.3 |
($5.8) |
N/A |
Free cash flow is a Fool's best friend.
Related Foolishness:
- Fool on the Street: 1-800-Flowers.com's Growing Success
- 1-800-Flowers Blossoms: Fool by Numbers
- Thanks for the Flowers
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.
At the time of publication, Fool contributor Mike Cianciolo held no position in 1-800-Flowers.com.