you, Thank Chris.
As Chris pleased strong the we had start indicated, fiscal XXXX. we are with for have
quarter or the across in three the businesses. of both BloomNet on our Our business were our by results segments all accelerated for fiscal floral plan ahead our highlighted and consumer first of growth
hit specific areas of clarity. the two to for into some metrics like some additional quarter, provide Before I jump the to I would on
year order margin in First, basis essentially profit drive with increased profit for in of gross of BloomNet the to and gross XXX margin compared percent back terms expectations our decline primarily discussed line in the strategic significantly consolidated call. several we to prior percentage, conference points quarter investment factors, volumes, reflected a in was the August which including in our
investments these the gross increases drive dollars helped and percent BloomNet. margin they contribution growth as dollars solid double-digit during quarter, in in While margin higher revenue impacted margin as well gross
Consumer strong gross BloomNet related growth costs program. compared XXX quarter In loyalty segment, show a lower margin bottom continue to increased expect our with growth with we gross percent to and margin our forward, year-over-year points primarily profit declined and basis in Floral strong albeit shipping top prior during Going Passport to the line year. the
in Passport customer while gross the terms noted it percent have value. impacts we benefits of in provides and program profit growth As calls, in lifetime past in near-term, margin significant our frequency
impacted mentioned by of product percent in first and mix and labor line the year. impacts to his expectation and certain issues. costs segment. result and primarily of product In was mix Gift shipment the related margin the in this segment baskets Passport, higher combination our in increased margin said, in strong growth Baskets with This our the in and the the of expectations a drive of in for quarter gross These gross this the we for shipping As remarks. we to fiscal to remainder terms gift With primarily continue Food transportation down Club were timing Gourmet expect be Food of slightly expect that costs. that continued our Month was both dollars segment, percent wholesale in of Chris and margin in revenue growth the was gross timing to and
flat Looking expect we ahead, slightly up XXXX. this roughly the segment to gross for remainder consolidated of fiscal be to profit margin in
comparability on impact prior with compared quarter reflects The QX area in effective on the its tax prior the The second period’s I and tax the would the The adoption to lower a of the XX.X%. on prior of lower of touch rate primarily year reflected XX.X% accounting is a represented changes of combination of compared factors tax accounting increased impact with and year required combination XXX. EPS quarter the several tax of of these the benefit net lower loss million the the rate The year. with and quarter loss ASC like dollar and the standard first quarter. in effective tax benefit
the Tax fiscal when Act rates tax the last effect lower remember, was will second you quarter effective into As our went passed. during Cuts year Jobs and
ago, tax which higher the result, second year adjusted the QX lower benefit rate As in recorded a was we a subsequently in a quarter. to
of costs would expense the quarter. the the upon second adoption were which have extended into fiscal XXX, of ASC to QX these cost mailings required us Previously, this over the standard accounting catalogs Regarding life for of catalogs, mailing. amortized our
forward, in were were this will QX year fact Going compared in when recorded that prior recorded they with primarily the these QX. we benefit expenses year from the
than which and the primarily year total Food with revenue in consolidated Baskets related and to in down revenue, the X.X% Chris flat which terms million Gift breaking This driven our BloomNet was as period. Gourmet by first, offset timing. million segments, first Consumer fiscal in double-digit $XXX.X Now, our segment, more growth the of prior growth revenues noted in Floral highlights was $XXX.X our quarter, increased of compared to
our its terms in Baskets e-commerce As quarter, and and several This we achieve holiday demand growth on solid in the Cookies and in operational our our period, X-XXX the and strong we solid key businesses. David’s business at to Food during into enhancements our growth Harry wholesale largest is revenue first growth Gift of file including factors, Cheryl’s the based head customer Baskets revenue, business. positive our Gourmet & direct-to-consumer expect in
dollar impact expenses related marketing terms, quarter, during of the to growth revenue operating Regarding well in as increased ASC expenses X.X% achieved expenses as reflecting X.X%, support we first the XXX. operating the
my timing aforementioned of loss ratio increase the of a $XX.X reflecting Gourmet EBITDA comments EBITDA the total of for loss better ASC period expense Like and operating by as revenue, with points basis was percent Gift on shipments platform. leveraging the the segment. XXX our as Food regarding earlier our EPS, reflected quarter However, focus our operating in our million prior improved loss net within impact compared than Baskets and plan. year our well XXX our The primarily as our
pre-building discussed balance strategic our and that back labor the quarter. The inventory in us position the workforce and with August in million Inventory the at wages. our of market to slower some of the to at supports we sheet, year’s compared season of tight expected includes associated million inventory hourly very million months mitigate $XXX.X allows end investment the during rising for first $XX to holiday was the was somewhat Turning growth our headwinds use and last end with This first summer core the our call. the $XXX.X cash quarter. increase inventory of
current million $XXX.X credit $XXX.X maturities and compared facility. fiscal under our had revolving we debt the last in borrowings zero debt, including end on year’s our of at of facility with we long-term quarter outstanding, first had terms million credit In
are all at increase beginning guidance, Now of are the on provided fiscal revenue segments. plans of business year, and advantage our build our conditions to regarding the across current momentum to the growth we which reiterating guidance take we of includes we market the investments seeing
our Additionally, with line payout bottom fiscal the XXXX. bonus for of metrics restoration the fiscal guidance compared XXXX minimum XXX% assumes in payout
range the $X.XX; a improve million to $XX a to $XXX million will fiscal the and we is of compared XXXX million consolidated to is bonuses, as range metrics. significantly the million. flow at $XX prior in we EBITDA the in double-digit line absent range It anticipate adjusted X% bottom $X.XX growth and EPS adjusted the million; for as follows: revenue As range we to EBITDA. a $XX important to accelerating cash expect of ‘XX, that our result, in catch-up back to X% will Chris. $XX of year; of the with EBITDA and And the year pace in free to to one-time EPS grow in turn now I guidance in our call note approach