On Jan. 24, 1-800-Flowers.com (NASDAQ:FLWS) released second-quarter earnings for the period ended Dec 31.
- Net revenue increased by 18.7%, riding on the back of strong double-digit growth from its Consumer Floral, Bloomnet, and Gourmet Food & Gift baskets segments.
 - The acquisition of Fannie May confections helped revenue growth, but it makes year-over-year comparisons difficult, as its individual performance was not broken out.
 - CAPS investors are down on 1-800-FLOWERS, as only 26 of 58 rate it an outperform. Let us know what you think by joining the community.
 
(Figures in millions, except per-share data)
Income Statement Highlights
| 
 Q2 2007  | 
 Q2 2006  | 
 Change  | |
|---|---|---|---|
| 
 Sales  | 
 $329.9  | 
 $277.8  | 
 18.7%  | 
| 
 Net Profit  | 
 $16.9  | 
 $10.3  | 
 63.7%  | 
| 
 EPS  | 
 $0.26  | 
 $0.16  | 
 62.5%  | 
| 
 Diluted Shares  | 
 66.1  | 
 66.4  | 
 (0.5%)  | 
Get back to basics with a look at the income statement.
Margin Checkup
| 
 Q2 2007  | 
 Q2 2006  | 
 Change*  | |
|---|---|---|---|
| 
 Gross Margin  | 
 46.1%  | 
 45.0%  | 
 1.1  | 
| 
 Operating Margin  | 
 9.1%  | 
 6.5%  | 
 2.6  | 
| 
 Net Margin  | 
 5.1%  | 
 3.7%  | 
 1.4  | 
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
| 
 Assets  | 
 Q2 2007  | 
 Q2 2006  | 
 Change  | 
|---|---|---|---|
| 
 Cash + ST Invest.  | 
 $26.0  | 
 $60.9  | 
 (57.3%)  | 
| 
 Accounts Rec.  | 
 $30.4  | 
 $15.5  | 
 95.8%  | 
| 
 Inventory  | 
 $58.8  | 
 $39.0  | 
 50.9%  | 
| 
 Liabilities  | 
 Q2 2007  | 
 Q2 2006  | 
 Change  | 
|---|---|---|---|
| 
 Accounts Payable*  | 
 $93.1  | 
 $93.1  | 
 0.1%  | 
| 
 Long-Term Debt  | 
 $73.1  | 
 $2.4  | 
 2960.5%  | 
Learn the ways of the balance sheet.
Cash Flow Highlights
| 
 YTD 2007  | 
 YTD 2006  | 
 Change  | |
|---|---|---|---|
| 
 Cash From Ops.  | 
 $32.4  | 
 $35.9  | 
 (9.6%)  | 
| 
 Capital Expenditures  | 
 $10.5  | 
 $13.1  | 
 (19.9%)  | 
| 
 Free Cash Flow  | 
 $21.9  | 
 $22.8  | 
 (3.7%)  | 
Find out why Fools always follow the money.
Related Companies:
- FTD Group (NYSE:FTD)
 - RedEnvelope (NASDAQ:REDE)
 - Books-A-Million (NASDAQ:BAMM)
 
Related Foolishness:
RedEnvelope is a former Hidden Gems recommendation.
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