FTD Companies, Inc. announced preliminary consolidated earnings guidance for the full-year ended December 31, 2017. Preliminary full-year 2017 results are expected to be within the ranges the company has previously provided, including consolidated revenues in the range of $1.082 billion to $1.086 billion, net loss in the range of $220 million to $250 million and adjusted EBITDA in the range of $77 million to $82 million. Included in the expected net loss are expected impairments of goodwill and intangible and other long-lived assets, net of taxes, of $250 million to $275 million.

The company expects consolidated revenues for the first quarter of 2018 to be approximately $20 million below internal expectations, with unfavorable performance from ProFlowers and Gourmet Foods due largely to media campaign investments that generated lower than expected sales, offset in part by favorable sales performance in FTD.com, the International and Florist segments, and Personal Creations. While lower expenses throughout 2018, primarily reduced performance-based compensation costs, are expected to provide some offset to the shortfall in first quarter revenues, this shortfall will largely flow through to lower adjusted EBITDA for the first quarter of 2018. Taking into account the full year impact of these 2018 year-to-date results, the company expects that its results for the full year will be in the lower half of its previously communicated guidance range for consolidated revenues and adjusted EBITDA. The previously communicated ranges were: Consolidated revenues of down 2% to up 2% compared to 2017; adjusted EBITDA of approximately $52 million to $62 million; and capital expenditures of approximately $35 million to $40 million. The seasonality of the company's business impacts the quarterly pattern of its profitability and cash flows from operations. The company is not providing 2018 guidance for net income, the GAAP measure most directly comparable to adjusted EBITDA, and similarly cannot provide a reconciliation between its forecasted adjusted EBITDA and net income metrics without unreasonable effort due to the unavailability of reliable estimates for certain items, including transaction-related costs, impairments of goodwill, intangible assets and other long-lived assets, and discrete tax items.