• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    1-800-FLOWERS.COM, Inc. Reports Fiscal 2024 Fourth Quarter and Year-End Results

    8/29/24 6:45:00 AM ET
    $FLWS
    Other Specialty Stores
    Consumer Discretionary
    Get the next $FLWS alert in real time by email

    Reports Fiscal Year 2024 Revenue of $1.83 Billion and a Net Loss of $6.1 Million, which Includes a Non-Cash Impairment Charge of $19.8 million Recorded in the Second Quarter

    Fiscal Year 2024 Gross Profit Margin Increased 260 Basis Points to 40.1%

    Fiscal Year 2024 Adjusted EBITDA1 Increased to $93.1 million

    Issues Fiscal Year 2025 Outlook

    (1) Refer to "Definitions of Non-GAAP Financial Measures" and the tables attached at the end of this press release for reconciliation of non-GAAP results to applicable GAAP results.)

    1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its Fiscal 2024 fourth quarter and year ended June 30, 2024.

    "In a dynamic consumer environment that impacted discretionary consumer spending, especially amongst lower income households, our organization was able to grow year-over-year adjusted EBITDA, which benefitted from our significant gross margin recovery and our expense optimization efforts that more than offset the top line decline," said Jim McCann, Chairman and Chief Executive Officer of 1-800-FLOWERS.COM, Inc. "During Fiscal 2024, through our Relationship Innovation initiatives, we significantly enhanced our gifting platform, including category expansion, broadening our price points, increasing our assortment of gifts available for same-day delivery, and enhancing the user experience. We also experienced a significant recovery in our gross profit margin, which benefitted from a reversion to the mean on a number of commodity costs combined with our Work Smarter initiatives to operate more efficiently."

    "As we turn to Fiscal 2025, with our gross margin recovery well underway, our organization continues to be keenly focused on improving our sales trends by leveraging our Relationship Innovation initiatives. Acknowledging the uncertain consumer environment, we anticipate revenue trends improving as the fiscal year progresses as consumers respond to our newer offerings and services. We are confident in our strategic direction to be the gifting destination of choice for thoughtful and expressive gift-giving occasions and remain focused on delivering long-term value to our shareholders," Mr. McCann continued.

    Fiscal 2024 Fourth Quarter Highlights

    • Total consolidated revenues decreased 9.5% to $360.9 million, compared with total consolidated revenues of $398.8 million in the prior year period.
    • Gross profit margin increased 130 basis points to 38.4%, compared with 37.1% in the prior year period. The gross profit margin improved on lower freight costs, a decline in certain commodity costs, and the Company's logistics optimization efforts.
    • Operating expenses declined $5.8 million to $166.2 million, as compared with the prior year period.
    • Net loss for the quarter was $20.9 million, or ($0.32) per share, as compared to a net loss of $22.5 million, or ($0.35) per share in the prior year period.
    • Adjusted Net Loss1 was $21.8 million, or ($0.34) per share, compared with an Adjusted Net Loss1 of $17.8 million, or ($0.28) per share, in the prior year period.
    • Adjusted EBITDA1 loss for the quarter was $8.8 million, as compared with an Adjusted EBITDA1 loss of $6.6 million in the prior year period.
    • Acquired Scharffen Berger Chocolate Maker, a high-end producer of extraordinary craft chocolates, that enhances and expands the Company's chocolate offerings within its gourmet food and gift basket business. The acquisition closed after the fourth quarter ended.

    Fiscal Year 2024 Highlights

    • Total consolidated revenues decreased 9.2% to $1.83 billion, compared with total consolidated revenues of $2.02 billion in the prior year period.
    • Gross profit margin increased 260 basis points to 40.1%, compared with 37.5% in the prior year period. The gross profit margin improved on lower freight costs, improved commodity costs, and the Company's logistics optimization efforts.
    • Operating expenses declined $55.7 million to $736.8 million, as compared with the prior year period. Excluding impairment and other non-recurring charges in both periods, as well as the impact of the Company's non-qualified deferred compensation plan in both periods, operating expenses declined by $22.2 million to $706.1 million, as compared with the prior year.
    • Net loss for the fiscal year was $6.1 million, or ($0.09) per share, compared with $44.7 million, or ($0.69) per share, in the prior year period. Both periods include impairment charges as outlined in the financial tables.
    • Adjusted Net Income1 was $11.6 million, or $0.18 per share, compared with Adjusted Net Income1 of $13.4 million, or $0.21 per share, in the prior year period.
    • Adjusted EBITDA1 for the fiscal year was $93.1 million, as compared with $91.2 million in the prior year period.
    • Net cash provided by operating activities was $95.0 million.
    • Generated Free Cash Flow1 of $56.4 million.

    Segment Results

    The Company provides Fiscal 2024 fourth quarter and full year selected financial results for its Gourmet Foods and Gift Baskets, Consumer Floral and Gifts, and BloomNet segments in the tables attached to this release and as follows:

    • Gourmet Foods and Gift Baskets: Revenues for the quarter declined 12.8% to $105.2 million, as compared with the prior year period. Gross profit margin increased 190 basis points from the prior year period to 30.0%, benefiting from lower freight costs, the Company's inventory and labor optimization efforts, as well as a decline in certain commodity costs. Segment contribution margin1 loss was $14.4 million, compared with a loss of $13.4 million in the prior year period.



      For the full fiscal year, revenue decreased 9.4% to $874.3 million. Gross profit margin increased 340 basis points to 38.3%, benefiting from lower freight costs, the Company's inventory and labor optimization efforts, as well as a decline in certain commodity costs. Excluding the impact of the severance charge in the current year and the impairment charge a year ago, segment contribution margin1 for the year was $85.0 million, compared with $77.5 million in the prior year.
    • Consumer Floral & Gifts: Revenues for the quarter declined 6.7% to $231.6 million, as compared with the prior year period. Gross profit margin increased 20 basis points from the prior year period to 40.8%. Segment contribution margin1 was $25.7 million, compared with $30.7 million in the prior year period.



      For the full fiscal year, revenues decreased 7.7% to $849.8 million, as compared with the prior year period. Gross profit margin increased 130 basis points from the prior year period to 40.8%, improving on lower fulfillment costs and the Company's logistics optimization efforts. Excluding the impact of the severance and impairment charges in the current year, segment contribution margin1 was $87.7 million, compared with $95.5 million in the prior year.
    • BloomNet: Revenues for the quarter declined 18.7% to $24.4 million, as compared with the prior year period. Revenue and gross margin were impacted by the lower volume of lower margin orders processed by BloomNet. Gross profit margin increased 710 basis points from the prior year period to 49.7%, also benefitting from lower ocean freight costs as well as product mix. Segment contribution margin1 was $7.8 million, compared with $7.4 million in the prior year period.



      For the year, revenues decreased 19.1% to $107.8 million, as compared with the prior year period. Gross profit margin increased 550 basis points from the prior year period to 48.2% due to lower volume of lower margin orders, lower ocean freight costs, as well as product mix. Excluding the impact of the severance charge in the current year, segment contribution margin1 for the year was $33.8 million, compared with $37.2 million in the prior year.

    Company Guidance

    For Fiscal 2025, with a sustained challenging consumer environment, the Company expects revenue trends to improve as the fiscal year progresses benefitting from the company's Relationship Innovation initiatives that have expanded the Company's product offerings, broadened price points, and enhanced the user experience, combined with increased marketing spend. Additionally, the guidance assumes increased incentive compensation expense.

    As a result, for Fiscal Year 2025 the Company expects:

    • total revenues on a percentage basis to be in a range of flat to a decrease in the low-single digits, as compared with the prior year;
    • Adjusted EBITDA1 to be in a range of $85 million to $95 million; and
    • Free Cash Flow1 to be in a range of $45 million to $55 million.

    Conference Call

    The Company will conduct a conference call to discuss the above details and attached financial results today, August 29, 2024, at 8:00 a.m. (ET). The conference call will be webcast from the Investors section of the Company's website at www.1800flowersinc.com. A recording of the call will be posted on the Investors section of the Company's website within two hours of the call's completion. A telephonic replay of the call can be accessed beginning at 2:00 p.m. (ET) today through September 5, 2024, at: (US) 1-877-344-7529; (Canada) 855-669-9658; (International) 1-412-317-0088; enter conference ID #: 5141252.

    Definitions of non-GAAP Financial Measures:

    We sometimes use financial measures derived from consolidated financial information, but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). Certain of these are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission rules. Non-GAAP financial measures referred to in this document are either labeled as "non-GAAP" or designated as such with a "1". See below for definitions and the reasons why we use these non-GAAP financial measures. Where applicable, see the Selected Financial Information below for reconciliations of these non-GAAP measures to their most directly comparable GAAP financial measures. Reconciliations for forward-looking figures would require unreasonable efforts at this time because of the uncertainty and variability of the nature and amount of certain components of various necessary GAAP components, including, for example, those related to compensation, tax items, amortization or others that may arise during the year, and the Company's management believes such reconciliations would imply a degree of precision that would be confusing or misleading to investors. For the same reasons, the Company is unable to address the probable significance of the unavailable information. The lack of such reconciling information should be considered when assessing the impact of such disclosures.

    EBITDA and Adjusted EBITDA:

    We define EBITDA as net income (loss) before interest, taxes, depreciation, and amortization. Adjusted EBITDA is defined as EBITDA adjusted for the impact of stock-based compensation, Non-Qualified Plan Investment appreciation/depreciation, and for certain items affecting period-to-period comparability. See Selected Financial Information for details on how EBITDA and Adjusted EBITDA were calculated for each period presented. The Company presents EBITDA and Adjusted EBITDA because it considers such information meaningful supplemental measures of its performance and believes such information is frequently used by the investment community in the evaluation of similarly situated companies. The Company uses EBITDA and Adjusted EBITDA as factors to determine the total amount of incentive compensation available to be awarded to executive officers and other employees. The Company's credit agreement uses EBITDA and Adjusted EBITDA to determine its interest rate and to measure compliance with certain covenants. EBITDA and Adjusted EBITDA are also used by the Company to evaluate and price potential acquisition candidates. EBITDA and Adjusted EBITDA have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of the Company's results as reported under GAAP. Some of the limitations are: (a) EBITDA and Adjusted EBITDA do not reflect changes in, or cash requirements for, the Company's working capital needs; (b) EBITDA and Adjusted EBITDA do not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on the Company's debts; and (c) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future and EBITDA does not reflect any cash requirements for such capital expenditures. EBITDA and Adjusted EBITDA should only be used on a supplemental basis combined with GAAP results when evaluating the Company's performance.

    Segment Contribution Margin and Adjusted Segment Contribution Margin

    We define Segment Contribution Margin as earnings before interest, taxes, depreciation, and amortization, before the allocation of corporate overhead expenses. Adjusted Segment Contribution Margin is defined as Segment Contribution Margin adjusted for certain items affecting period-to-period comparability. See Selected Financial Information for details on how Segment Contribution Margin and Adjusted Segment Contribution Margin were calculated for each period presented. When viewed together with our GAAP results, we believe Segment Contribution Margin and Adjusted Segment Contribution Margin provide management and users of the financial statements meaningful information about the performance of our business segments. Segment Contribution Margin and Adjusted Segment Contribution Margin are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. The material limitation associated with the use of Segment Contribution Margin and Adjusted Segment Contribution Margin is that they are an incomplete measure of profitability as they do not include all operating expenses or non-operating income and expenses. Management compensates for this limitation when using these measures by looking at other GAAP measures, such as Operating Income and Net Income.

    Adjusted Net Income (Loss) and Adjusted or Comparable Net Income (Loss) Per Common Share:

    We define Adjusted Net Income (Loss) and Adjusted or Comparable Net Income (Loss) Per Common Share as Net Income (Loss) and Net Income (Loss) Per Common Share adjusted for certain items affecting period-to-period comparability. See Selected Financial Information below for details on how Adjusted Net Income (Loss) Per Common Share and Adjusted or Comparable Net Income (Loss) Per Common Share were calculated for each period presented. We believe that Adjusted Net Income (Loss) and Adjusted or Comparable Net Income (Loss) Per Common Share are meaningful measures because they increase the comparability of period-to-period results. Since these are not measures of performance calculated in accordance with GAAP, they should not be considered in isolation of, or as a substitute for, GAAP Net Income (Loss) and Net Income (Loss) Per Common share, as indicators of operating performance and they may not be comparable to similarly titled measures employed by other companies.

    Free Cash Flow:

    We define Free Cash Flow as net cash provided by operating activities less capital expenditures. The Company considers Free Cash Flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business after the purchases of fixed assets, which can then be used to, among other things, invest in the Company's business, make strategic acquisitions, strengthen the balance sheet, and repurchase stock or retire debt. Free Cash Flow is a liquidity measure that is frequently used by the investment community in the evaluation of similarly situated companies. Since Free Cash Flow is not a measure of performance calculated in accordance with GAAP, it should not be considered in isolation or as a substitute for analysis of the Company's results as reported under GAAP. A limitation of the utility of Free Cash Flow as a measure of financial performance is that it does not represent the total increase or decrease in the Company's cash balance for the period.

    About 1-800-FLOWERS.COM, Inc.

    1-800-FLOWERS.COM, Inc. is a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships. The Company's e-commerce business platform features an all-star family of brands, including: 1-800-Flowers.com®, 1-800-Baskets.com®, Cheryl's Cookies®, Harry & David®, PersonalizationMall.com®, Shari's Berries®, FruitBouquets.com®, Things Remembered®, Moose Munch®, The Popcorn Factory®, Wolferman's Bakery®, Vital Choice®, and Simply Chocolate®. Through the Celebrations Passport® loyalty program, which provides members with free standard shipping and no service charge on eligible products across our portfolio of brands, 1-800-FLOWERS.COM, Inc. strives to deepen relationships with customers. The Company also operates BloomNet®, an international floral and gift industry service provider offering a broad-range of products and services designed to help members grow their businesses profitably; Napco℠, a resource for floral gifts and seasonal décor; DesignPac Gifts, LLC, a manufacturer of gift baskets and towers; and Alice's Table®, a lifestyle business offering fully digital livestreaming and on demand floral, culinary and other experiences to guests across the country. 1-800-FLOWERS.COM, Inc. was recognized among America's Most Trustworthy Companies by Newsweek. 1-800-FLOWERS.COM, Inc. was also recognized among the top 5 on the National Retail Federation's 2021 Hot 25 Retailers list, which ranks the nation's fastest-growing retail companies, and was named to the Fortune 1000 list in 2022. Shares in 1-800-FLOWERS.COM, Inc. are traded on the NASDAQ Global Select Market, ticker symbol: FLWS. For more information, visit 1800flowersinc.com or follow @1800FLOWERSInc on Twitter.

    FLWS–COMP

    FLWS-FN

    Special Note Regarding Forward Looking Statements:

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events and can generally be identified using statements that include words such as "estimate," "expects," "project," "believe," "anticipate," "intend," "plan," "foresee," "forecast," "likely," "should," "will," "target" or similar words or phrases. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company's control, which could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, but not limited to, statements regarding the Company's ability to achieve its guidance for the full Fiscal year; the Company's ability to leverage its operating platform and reduce its operating expense ratio; its ability to successfully integrate acquired businesses and assets; its ability to successfully execute its strategic initiatives; its ability to cost effectively acquire and retain customers; the outcome of contingencies, including legal proceedings in the normal course of business; its ability to compete against existing and new competitors; its ability to manage expenses associated with sales and marketing and necessary general and administrative and technology investments; its ability to reduce promotional activities and achieve more efficient marketing programs; and general consumer sentiment and industry and economic conditions that may affect levels of discretionary customer purchases of the Company's products. The Company undertakes no obligation to publicly update any of the forward-looking statements, whether because of new information, future events or otherwise, made in this release or in any of its SEC filings. Consequently, you should not consider any such list to be a complete set of all potential risks and uncertainties. For a more detailed description of these and other risk factors, refer to the Company's SEC filings, including the Company's Annual Reports on Form 10-K and its Quarterly Reports on Form 10-Q.

    Note: The following tables are an integral part of this press release without which the information presented in this press release should be considered incomplete.

     
    1-800-FLOWERS.COM, Inc. and Subsidiaries

    Condensed Consolidated Balance Sheets

    (in thousands)

     

     

    June 30, 2024

     

     

    July 2, 2023

     

     

     

    (unaudited)

     

     

     

     

    Assets

     

     

     

     

     

     

     

    Current assets:

     

     

     

     

     

     

     

    Cash and cash equivalents

     

    $

    159,437

     

     

    $

    126,807

    Trade receivables, net

     

     

    18,024

     

     

     

    20,419

    Inventories

     

     

    176,591

     

     

     

    191,334

    Prepaid and other

     

     

    31,680

     

     

     

    34,583

    Total current assets

     

     

    385,732

     

     

     

    373,143

     

     

     

     

     

     

     

    Property, plant and equipment, net

     

     

    223,789

     

     

     

    234,569

    Operating lease right-of-use assets

     

     

    113,926

     

     

     

    124,715

    Goodwill

     

     

    156,537

     

     

     

    153,376

    Other intangibles, net

     

     

    116,216

     

     

     

    139,888

    Other assets

     

     

    36,448

     

     

     

    25,739

    Total assets

     

    $

    1,032,648

     

     

    $

    1,051,430

     

     

     

     

     

     

     

    Liabilities and Stockholders' Equity

     

     

     

     

     

     

    Current liabilities:

     

     

     

     

     

     

    Accounts payable

     

    $

    80,005

     

     

    $

    52,588

    Accrued expenses

     

     

    121,303

     

     

     

    141,914

    Current maturities of long-term debt

     

     

    10,000

     

     

     

    10,000

    Current portion of long-term operating lease liabilities

     

     

    16,511

     

     

     

    15,759

    Total current liabilities

     

     

    227,819

     

     

     

    220,261

     

     

     

     

     

     

     

    Long-term debt, net

     

     

    177,113

     

     

     

    186,391

    Long-term operating lease liabilities

     

     

    105,866

     

     

     

    117,330

    Deferred tax liabilities, net

     

     

    19,402

     

     

     

    31,134

    Other liabilities

     

     

    36,106

     

     

     

    24,471

    Total liabilities

    566,306

     

     

     

    579,587

    Total stockholders' equity

     

     

    466,342

     

     

     

    471,843

    Total liabilities and stockholders' equity

     

    $

    1,032,648

     

     

    $

    1,051,430

    1-800-FLOWERS.COM, Inc. and Subsidiaries

    Selected Financial Information

    Consolidated Statements of Operations

    (in thousands, except for per share data)

    (unaudited)

     

     

     

    Three Months Ended

     

    Years Ended

     

     

    June 30,

     

    July 2,

     

    June 30,

     

    July 2,

    2024

    2023

    2024

    2023

    Net revenues:

     

     

     

     

     

     

     

     

     

     

     

     

    E-Commerce

     

    $

    325,641

     

     

    $

    357,489

     

     

    $

    1,614,199

     

     

    $

    1,744,622

     

    Other

     

     

    35,271

     

     

     

    41,317

     

     

     

    217,222

     

     

     

    273,231

     

    Total net revenues

     

     

    360,912

     

     

     

    398,806

     

     

     

    1,831,421

     

     

     

    2,017,853

     

    Cost of revenues

     

     

    222,501

     

     

     

    250,944

     

     

     

    1,096,668

     

     

     

    1,260,327

     

    Gross profit

     

     

    138,411

     

     

     

    147,862

     

     

     

    734,753

     

     

     

    757,526

     

    Operating expenses:

     

     

     

     

     

     

     

     

     

     

    Marketing and sales

     

     

    108,113

     

     

     

    110,763

     

     

     

    485,016

     

     

     

    500,840

     

    Technology and development

     

     

    14,818

     

     

     

    16,162

     

     

     

    60,235

     

     

     

    60,691

     

    General and administrative

     

     

    30,122

     

     

     

    31,672

     

     

     

    118,060

     

     

     

    112,747

     

    Depreciation and amortization

     

     

    13,174

     

     

     

    13,397

     

     

     

    53,752

     

     

     

    53,673

     

    Goodwill and intangible impairment

     

     

    -

     

     

     

    -

     

     

     

    19,762

     

     

     

    64,586

     

    Total operating expenses

     

     

    166,227

     

     

     

    171,994

     

     

     

    736,825

     

     

     

    792,537

     

    Operating loss

     

     

    (27,816

    )

     

     

    (24,132

    )

     

     

    (2,072

    )

     

     

    (35,011

    )

    Interest expense, net

     

     

    1,649

     

     

     

    2,270

     

     

     

    10,623

     

     

     

    10,946

     

    Other (income) expense, net

     

     

    (957

    )

     

     

    (1,669

    )

     

     

    (6,793

    )

     

     

    805

     

    Loss before income taxes

     

     

    (28,508

    )

     

     

    (24,733

    )

     

     

    (5,902

    )

     

     

    (46,762

    )

    Income tax (benefit) expense

     

     

    (7,641

    )

     

     

    (2,186

    )

     

     

    203

     

     

     

    (2,060

    )

    Net loss

     

    $

    (20,867

    )

     

    $

    (22,547

    )

     

    $

    (6,105

    )

     

    $

    (44,702

    )

     

     

     

     

     

     

     

     

     

     

     

    Basic and diluted net loss per common share

     

    $

    (0.32

    )

     

    $

    (0.35

    )

     

    $

    (0.09

    )

     

    $

    (0.69

    )

     

     

     

     

     

     

     

     

     

     

     

     

     

    Basic and diluted weighted average shares used in the calculation of net loss per common share:

     

     

    64,234

     

     

     

    64,773

     

     

     

    64,586

     

     

     

    64,688

     

    1-800-FLOWERS.COM, Inc. and Subsidiaries

    Selected Financial Information

    Consolidated Statements of Cash Flows

    (in thousands)

    (unaudited)

     

     

     

     

    Years Ended

     

     

     

    June 30, 2024

     

     

     

    July 2, 2023

     

     

     

     

     

     

     

     

    Operating activities:

     

     

     

     

     

     

     

    Net loss

     

    $

    (6,105

    )

     

     

    $

    (44,702

    )

    Adjustments to reconcile net loss to net cash provided by operating activities:

     

     

     

     

     

     

     

    Goodwill and intangible impairment

     

     

    19,762

     

     

     

     

    64,586

     

    Depreciation and amortization

     

     

    53,752

     

     

     

     

    53,673

     

    Amortization of deferred financing costs

     

     

    724

     

     

     

     

    1,834

     

    Deferred income taxes

     

     

    (11,732

    )

     

     

     

    (4,608

    )

    Bad debt expense

     

     

    251

     

     

     

     

    3,991

     

    Stock-based compensation

     

     

    10,688

     

     

     

     

    8,334

     

    Other non-cash items

     

     

    310

     

     

     

     

    95

     

    Changes in operating items:

     

     

     

     

     

     

     

    Trade receivables

     

     

    2,143

     

     

     

     

    (597

    )

    Inventories

     

     

    14,572

     

     

     

     

    57,591

     

    Prepaid and other

     

     

    2,913

     

     

     

     

    12,554

     

    Accounts payable and accrued expenses

     

     

    6,404

     

     

     

     

    (38,623

    )

    Other assets and liabilities

     

     

    1,317

     

     

     

     

    1,223

     

    Net cash provided by operating activities

     

     

    94,999

     

     

     

     

    115,351

     

     

     

     

     

     

     

     

     

    Investing activities:

     

     

     

     

     

     

     

    Acquisitions, net of cash acquired

     

     

    (3,672

    )

     

     

     

    (6,151

    )

    Capital expenditures

     

     

    (38,632

    )

     

     

     

    (44,646

    )

    Purchase of equity investments

     

     

    -

     

     

     

     

    (32

    )

    Net cash used in investing activities

     

     

    (42,304

    )

     

     

     

    (50,829

    )

     

     

     

     

     

     

     

     

    Financing activities:

     

     

     

     

     

     

     

    Acquisition of treasury stock

     

     

    (10,394

    )

     

     

     

    (1,239

    )

    Proceeds from exercise of employee stock options

     

     

    329

     

     

     

     

    -

     

    Proceeds from bank borrowings

     

     

    82,000

     

     

     

     

    395,900

     

    Repayment of bank borrowings

     

     

    (92,000

    )

     

     

     

    (360,900

    )

    Debt issuance cost

     

     

    -

     

     

     

     

    (2,941

    )

    Net cash (used in) provided by financing activities

     

     

    (20,065

    )

     

     

     

    30,820

     

     

     

     

     

     

     

     

     

    Net change in cash and cash equivalents

     

     

    32,630

     

     

     

     

    95,342

     

    Cash and cash equivalents:

     

     

     

     

     

     

     

    Beginning of period

     

     

    126,807

     

     

     

     

    31,465

     

    End of period

     

    $

    159,437

     

     

     

    $

    126,807

     

    1-800-FLOWERS.COM, Inc. and Subsidiaries

    Selected Financial Information – Category Information

    (dollars in thousands)

    (unaudited)

     

    Three Months Ended

    June 30, 2024

    Litigation Settlement

    Transaction Costs

    Restructuring cost/Severance

    As Adjusted (non-GAAP) June 30, 2024

    July 2, 2023

    % Change

    Net revenues:

    Consumer Floral & Gifts

    $

    231,555

     

    $

    -

    $

    -

    $

    -

    $

    231,555

     

    $

    248,262

     

    -6.7

    %

    BloomNet

     

    24,382

     

     

    24,382

     

     

    29,996

     

    -18.7

    %

    Gourmet Foods & Gift Baskets

     

    105,201

     

     

    105,201

     

     

    120,669

     

    -12.8

    %

    Corporate

     

    80

     

     

    80

     

     

    223

     

    -64.1

    %

    Intercompany eliminations

     

    (306

    )

     

     

     

     

    (306

    )

     

    (344

    )

    11.0

    %

    Total net revenues

    $

    360,912

     

    $

    -

    $

    -

    $

    -

    $

    360,912

     

    $

    398,806

     

    -9.5

    %

     

    Gross profit:

    Consumer Floral & Gifts

    $

    94,448

     

    $

    94,448

     

    $

    100,832

     

    -6.3

    %

     

    40.8

    %

     

    40.8

    %

     

    40.6

    %

     

    BloomNet

     

    12,116

     

     

    12,116

     

     

    12,793

     

    -5.3

    %

     

    49.7

    %

     

    49.7

    %

     

    42.6

    %

     

    Gourmet Foods & Gift Baskets

     

    31,594

     

     

    31,594

     

     

    33,862

     

    -6.7

    %

     

    30.0

    %

     

    30.0

    %

     

    28.1

    %

     

    Corporate

     

    253

     

     

    253

     

     

    375

     

    -32.5

    %

     

    316.3

    %

     

    316.3

    %

     

    168.2

    %

     

     

     

     

     

     

    Total gross profit

    $

    138,411

     

    $

    -

    $

    -

    $

    -

    $

    138,411

     

    $

    147,862

     

    -6.4

    %

     

    38.4

    %

     

    -

     

    -

     

    -

     

    38.4

    %

     

    37.1

    %

     

    EBITDA (non-GAAP):

    Segment Contribution Margin (non-GAAP) (a):

    Consumer Floral & Gifts

    $

    25,669

     

    $

    25,669

     

    $

    30,703

     

    -16.4

    %

    BloomNet

     

    7,785

     

     

    7,785

     

     

    7,350

     

    5.9

    %

    Gourmet Foods & Gift Baskets

     

    (14,445

    )

     

     

     

     

    (14,445

    )

     

    (13,418

    )

    -7.7

    %

    Segment Contribution Margin Subtotal

     

    19,009

     

     

    -

     

    -

     

    -

     

    19,009

     

     

    24,635

     

    -22.8

    %

    Corporate (b)

     

    (33,651

    )

     

    1,200

     

    269

     

    147

     

    (32,035

    )

     

    (35,370

    )

    9.4

    %

    EBITDA (non-GAAP)

     

    (14,642

    )

     

    1,200

     

    269

     

    147

     

    (13,026

    )

     

    (10,735

    )

    -21.3

    %

    Add: Stock-based compensation

     

    3,047

     

     

    3,047

     

     

    2,393

     

    27.3

    %

    Add: Compensation charge related to NQDC Plan Investment Appreciation (Depreciation)

     

    1,192

     

     

     

     

     

    1,192

     

     

    1,726

     

    -30.9

    %

    Adjusted EBITDA (non-GAAP)

    $

    (10,403

    )

    $

    1,200

    $

    269

    $

    147

    $

    (8,787

    )

    $

    (6,616

    )

    -32.8

    %

    1-800-FLOWERS.COM, Inc. and Subsidiaries

    Selected Financial Information – Category Information

    (dollars in thousands)

    (unaudited)

     

    Years Ended

    June 30, 2024

    Litigation Settlement

    Transaction Costs

    Intangible Impairment

    Restructuring cost/Severance

    As Adjusted (non-GAAP) June 30, 2024

    July 2, 2023

    Goodwill

    and Intangible Impairment

    Transaction Costs

    As Adjusted (non-GAAP) July 2, 2023

    % Change

    Net revenues:

    Consumer Floral & Gifts

    $

    849,791

     

    $

    -

    $

    -

    $

    -

    $

    -

    $

    849,791

     

    $

    920,510

     

    $

    -

    $

    -

    $

    920,510

     

    -7.7

    %

    BloomNet

     

    107,802

     

     

    107,802

     

     

    133,183

     

     

    133,183

     

    -19.1

    %

    Gourmet Foods & Gift Baskets

     

    874,262

     

     

    874,262

     

     

    965,191

     

     

    965,191

     

    -9.4

    %

    Corporate

     

    796

     

     

    796

     

     

    375

     

     

    375

     

    112.3

    %

    Intercompany eliminations

     

    (1,230

    )

     

     

     

     

     

    (1,230

    )

     

    (1,406

    )

     

     

     

    (1,406

    )

    12.5

    %

    Total net revenues

    $

    1,831,421

     

    $

    -

    $

    -

    $

    -

    $

    -

    $

    1,831,421

     

    $

    2,017,853

     

    $

    -

    $

    -

    $

    2,017,853

     

    -9.2

    %

     

    Gross profit:

    Consumer Floral & Gifts

    $

    346,951

     

    $

    -

    $

    -

    $

    -

    $

    -

    $

    346,951

     

    $

    363,342

     

    $

    -

    $

    -

    $

    363,342

     

    -4.5

    %

     

    40.8

    %

     

    40.8

    %

     

    39.5

    %

     

    39.5

    %

     

    BloomNet

     

    51,999

     

     

    51,999

     

     

    56,879

     

     

    56,879

     

    -8.6

    %

     

    48.2

    %

     

    48.2

    %

     

    42.7

    %

     

    42.7

    %

     

    Gourmet Foods & Gift Baskets

     

    334,870

     

     

    334,870

     

     

    336,764

     

     

    336,764

     

    -0.6

    %

     

    38.3

    %

     

    38.3

    %

     

    34.9

    %

     

    34.9

    %

     

    Corporate

     

    933

     

     

    933

     

     

    541

     

     

    541

     

    72.5

    %

     

    117.2

    %

     

    117.2

    %

     

    144.3

    %

     

    144.3

    %

     

     

     

     

     

     

     

     

     

     

    Total gross profit

    $

    734,753

     

    $

    -

    $

    -

    $

    -

    $

    -

    $

    734,753

     

    $

    757,526

     

    $

    -

    $

    -

    $

    757,526

     

    -3.0

    %

     

    40.1

    %

     

    -

     

    -

     

    -

     

    -

     

    40.1

    %

     

    37.5

    %

     

    -

     

    -

     

    37.5

    %

     

    EBITDA (non-GAAP):

    Segment Contribution Margin (non-GAAP) (a):

    Consumer Floral & Gifts

    $

    67,278

     

    $

    -

    $

    -

    $

    19,762

    $

    630

    $

    87,670

     

    $

    95,535

     

    $

    -

    $

    -

    $

    95,535

     

    -8.2

    %

    BloomNet

     

    33,766

     

     

    69

     

    33,835

     

     

    37,197

     

     

    37,197

     

    -9.0

    %

    Gourmet Foods & Gift Baskets

     

    84,508

     

     

     

     

     

    538

     

    85,046

     

     

    12,895

     

     

    64,586

     

    -

     

    77,481

     

    9.8

    %

    Segment Contribution Margin Subtotal

     

    185,552

     

     

    -

     

    -

     

    19,762

     

    1,237

     

    206,551

     

     

    145,627

     

     

    64,586

     

    -

     

    210,213

     

    -1.7

    %

    Corporate (b)

     

    (133,872

    )

     

    1,200

     

    269

     

     

    1,327

     

    (131,076

    )

     

    (126,965

    )

     

     

    444

     

    (126,521

    )

    -3.6

    %

    EBITDA (non-GAAP)

     

    51,680

     

     

    1,200

     

    269

     

    19,762

     

    2,564

     

    75,475

     

     

    18,662

     

     

    64,586

     

    444

     

    83,692

     

    -9.8

    %

    Add: Stock-based compensation

     

    10,688

     

     

    10,688

     

     

    8,334

     

     

    8,334

     

    28.2

    %

    Add: Compensation charge related to NQDC Plan Investment Appreciation (Depreciation)

     

    6,904

     

     

     

    6,904

     

     

    (822

    )

     

    (822

    )

    939.9

    %

    Adjusted EBITDA (non-GAAP)

    $

    69,272

     

    $

    1,200

    $

    269

    $

    19,762

    $

    2,564

    $

    93,067

     

    $

    26,174

     

    $

    64,586

    $

    444

    $

    91,204

     

    2.0

    %

    1-800-FLOWERS.COM, Inc. and Subsidiaries

    Selected Financial Information

    (in thousands, except for per share data)

    (unaudited)

     

    Reconciliation of net loss to adjusted net income loss (non-GAAP):

    Three Months Ended

    Years Ended

    June 30,

    July 2,

    June 30,

    July 2,

    2024

    2023

    2024

    2023

     

    Net loss

    $

    (20,867

    )

    $

    (22,547

    )

    $

    (6,105

    )

    $

    (44,702

    )

    Adjustments to reconcile net loss to adjusted net income (loss) (non-GAAP)

    Add: Transaction costs

     

    269

     

     

    -

     

     

    269

     

     

    444

     

    Add: Restructuring cost/Severance

     

    147

     

     

     

    -

     

     

     

    2,564

     

     

     

    -

     

    Add: Litigation settlement

     

    1,200

     

     

     

    -

     

     

     

    1,200

     

     

     

    -

     

    Add: Goodwill and intangible impairment

     

    -

     

     

     

    -

     

     

     

    19,762

     

     

     

    64,586

     

    Deduct: Income tax effect on adjustments

     

    (2,541

    )

     

    4,710

     

     

    (6,079

    )

     

    (6,899

    )

    Adjusted net income (loss) (non-GAAP)

    $

    (21,792

    )

    $

    (17,837

    )

    $

    11,611

     

    $

    13,429

     

     

    Basic and diluted net loss per common share

    $

    (0.32

    )

    $

    (0.35

    )

    $

    (0.09

    )

    $

    (0.69

    )

     

    Basic and diluted adjusted net income (loss) per common share (non-GAAP)

    $

    (0.34

    )

    $

    (0.28

    )

    $

    0.18

     

    $

    0.21

     

     

    Weighted average shares used in the calculation of basic and diluted net loss and adjusted net income (loss) per common share

     

    64,234

     

     

    64,773

     

     

    64,586

     

     

    64,688

     

    1-800-FLOWERS.COM, Inc. and Subsidiaries

    Selected Financial Information

    (in thousands)

    (unaudited)

     

    Reconciliation of net loss to adjusted EBITDA (non-GAAP):

    Three Months Ended

    Years Ended

    June 30,

    July 2,

    June 30,

    July 2,

    2024

    2023

    2024

    2023

     

    Net loss

    $

    (20,867

    )

    $

    (22,547

    )

    $

    (6,105

    )

    $

    (44,702

    )

    Add: Interest expense and other, net

     

    692

     

     

    601

     

     

    3,830

     

     

    11,751

     

    Add: Depreciation and amortization

     

    13,174

     

     

    13,397

     

     

    53,752

     

     

    53,673

     

    Add: Income tax (benefit) expense

     

    (7,641

    )

     

    (2,186

    )

     

    203

     

     

    (2,060

    )

    EBITDA

     

    (14,642

    )

     

    (10,735

    )

     

    51,680

     

     

    18,662

     

    Add: Stock-based compensation

     

    3,047

     

     

    2,393

     

     

    10,688

     

     

    8,334

     

    Add: Compensation charge related to NQDC Plan Investment Appreciation (Depreciation)

     

    1,192

     

     

    1,726

     

     

    6,904

     

     

    (822

    )

    Add: Transaction costs

     

    269

     

     

    -

     

     

    269

     

     

    444

     

    Add: Restructuring cost/Severance

     

    147

     

     

    -

     

     

    2,564

     

     

    -

     

    Add: Litigation settlement

     

    1,200

     

     

    -

     

     

    1,200

     

     

    -

     

    Add: Goodwill and intangible impairment

     

    -

     

     

    -

     

     

    19,762

     

     

    64,586

     

    Adjusted EBITDA

    $

    (8,787

    )

    $

    (6,616

    )

    $

    93,067

     

    $

    91,204

     

    (a) Segment performance is measured based on segment contribution margin or segment Adjusted EBITDA, reflecting only the direct controllable revenue and operating expenses of the segments, both of which are non-GAAP measurements. As such, management's measure of profitability for these segments does not include the effect of corporate overhead, described above, depreciation and amortization, other income (net), and other items that we do not consider indicative of our core operating performance.

     

    (b) Corporate expenses consist of the Company's enterprise shared service cost centers, and include, among other items, Information Technology, Human Resources, Accounting and Finance, Legal, Executive and Customer Service Center functions, as well as Stock-Based Compensation. In order to leverage the Company's infrastructure, these functions are operated under a centralized management platform, providing support services throughout the organization. The costs of these functions, other than those of the Customer Service Center, which are allocated directly to the above categories based upon usage, are included within corporate expenses as they are not directly allocable to a specific segment.

    1-800-FLOWERS.COM, Inc. and Subsidiaries

    Selected Financial Information

    (in thousands)

    (unaudited)

     

    Reconciliation of net cash provided by operating activities to free cash flow (non-GAAP):

    Years Ended

     

    June 30,

     

    July 2,

    2024

    2023

    Net cash provided by operating activities

    $

    94,999

     

     

    $

    115,351

     

    Capital expenditures

     

    (38,632

    )

     

     

    (44,646

    )

    Free cash flow

    $

    56,367

     

     

    $

    70,705

     

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240829358669/en/

    Get the next $FLWS alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $FLWS

    DatePrice TargetRatingAnalyst
    8/30/2024$8.00 → $7.00Underperform → Neutral
    DA Davidson
    7/17/2024$8.00Neutral → Underperform
    DA Davidson
    3/30/2023Hold → Buy
    Craig Hallum
    4/28/2022Buy → Hold
    Craig Hallum
    3/17/2022Buy → Neutral
    DA Davidson
    1/28/2022$61.00 → $20.50Buy
    DA Davidson
    8/27/2021$57.00 → $56.00Buy
    DA Davidson
    More analyst ratings

    $FLWS
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by 1-800-FLOWERS.COM Inc.

      SC 13G - 1 800 FLOWERS COM INC (0001084869) (Subject)

      11/14/24 4:07:40 PM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • SEC Form SC 13G filed by 1-800-FLOWERS.COM Inc.

      SC 13G - 1 800 FLOWERS COM INC (0001084869) (Subject)

      2/14/24 4:53:16 PM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • SEC Form SC 13G/A filed by 1-800-FLOWERS.COM Inc. (Amendment)

      SC 13G/A - 1 800 FLOWERS COM INC (0001084869) (Subject)

      2/14/24 11:59:14 AM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary

    $FLWS
    SEC Filings

    See more
    • SEC Form 10-Q filed by 1-800-FLOWERS.COM Inc.

      10-Q - 1 800 FLOWERS COM INC (0001084869) (Filer)

      5/9/25 9:59:51 AM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • 1-800-FLOWERS.COM Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Results of Operations and Financial Condition, Leadership Update, Financial Statements and Exhibits

      8-K - 1 800 FLOWERS COM INC (0001084869) (Filer)

      5/8/25 4:26:25 PM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • 1-800-FLOWERS.COM Inc. filed SEC Form 8-K: Leadership Update

      8-K - 1 800 FLOWERS COM INC (0001084869) (Filer)

      4/25/25 12:09:54 PM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary

    $FLWS
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 3 filed by new insider Villagomez Adolfo

      3 - 1 800 FLOWERS COM INC (0001084869) (Issuer)

      5/9/25 9:08:35 AM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • President Hartnett Thomas G covered exercise/tax liability with 31,027 shares, decreasing direct ownership by 9% to 330,747 units (SEC Form 4)

      4 - 1 800 FLOWERS COM INC (0001084869) (Issuer)

      5/6/25 3:27:13 PM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • SVP and General Counsel Manley Michael R covered exercise/tax liability with 3,396 shares, decreasing direct ownership by 3% to 93,946 units (SEC Form 4)

      4 - 1 800 FLOWERS COM INC (0001084869) (Issuer)

      5/6/25 3:24:47 PM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary

    $FLWS
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Fund 1 Investments, Llc bought $912,659 worth of shares (167,847 units at $5.44) (SEC Form 4)

      4 - 1 800 FLOWERS COM INC (0001084869) (Issuer)

      4/28/25 4:37:35 PM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • Large owner Fund 1 Investments, Llc bought $322,509 worth of shares (60,000 units at $5.38) (SEC Form 4)

      4 - 1 800 FLOWERS COM INC (0001084869) (Issuer)

      4/23/25 4:51:40 PM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • Large owner Fund 1 Investments, Llc bought $519,226 worth of shares (99,500 units at $5.22) (SEC Form 4)

      4 - 1 800 FLOWERS COM INC (0001084869) (Issuer)

      4/17/25 4:57:16 PM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary

    $FLWS
    Leadership Updates

    Live Leadership Updates

    See more
    • 1-800-Flowers.com Teams Up With Uber Direct in Time to Meet Surging Valentine's Day Demand

      Uber Direct's on-demand delivery helps 1-800-Flowers.com and its BloomNet network of local florists fulfill more orders during peak holidays 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) and Uber Technologies, Inc. (NYSE:UBER) today announced a new collaboration leveraging Uber Direct, Uber's white-label delivery service, to help florists nationwide fulfill more orders. The announcement comes just ahead of Valentine's Day—one of the busiest floral holidays of the year. Through this collaboration, the 1-800-Flowers.comⓇ network of local florists, BloomNet®, can seamlessly tap into Uber Direct's extensive delivery technology and network to enable faster, more flexible deliveries, and meet demand

      2/6/25 9:00:00 AM ET
      $FLWS
      $UBER
      Other Specialty Stores
      Consumer Discretionary
      Business Services
    • 1-800-FLOWERS.COM, Inc. Announces Bill Shea to Retire as Chief Financial Officer on December 29, 2024

      Names James Langrock Chief Financial Officer 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today announced that Bill Shea has confirmed his intention to retire as Chief Financial Officer, effective December 29, 2024. The Board of Directors has appointed James Langrock as Chief Financial Officer, effective December 29, 2024. "I want to take this opportunity to congratulate Bill on his upcoming retirement and to thank him for his three decades of tireless commitment to our company," said Jim McCann, Chairman and Chief Executive Officer of 1-800-FLOWERS.COM, Inc. "Bi

      8/29/24 6:46:00 AM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary

    $FLWS
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • 1-800-FLOWERS.COM, Inc. Reports Fiscal 2025 Third Quarter Results

      Generated Revenues of $331.5 million and a Net Loss of $178.2 million, which includes a $138.2 million non-cash goodwill and intangible impairment charge Announces Celebrations Wave, a Strategic Plan Marking the Next Phase of Significant Evolution for the Company that Integrates its Relationship Innovation Initiatives and Brand Assets into a Sentiment-Led Celebrations Ecosystem 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), a leading provider of thoughtful expressions designed to help inspire customers to share more, connect more, and build more and better relationships, today reported results for its Fiscal 2025 third quarter ended March 30, 2025. "While we are deeply disappointed by the quarte

      5/8/25 4:03:00 PM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • 1-800-FLOWERS.COM, Inc. Names Adolfo Villagomez Chief Executive Officer

      Founder Jim McCann to Remain Executive Chairman 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), a leading provider of thoughtful expressions designed to help inspire customers to give more, connect more, and build more and better relationships, today announced that effective as of May 07, 2025, Adolfo Villagomez has been appointed and named Chief Executive Officer of 1-800-Flowers.com, Inc. beginning May 12, 2025. Mr. Villagomez will succeed Jim McCann, who will remain Executive Chairman and be actively involved in the company. "We are thrilled to welcome Adolfo Villagomez as our new Chief Executive Officer. His appointment marks an exciting and historic new chapter for 1-800-FLOWERS.COM as we sha

      5/8/25 4:02:00 PM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • 1-800-Flowers.com® Blooms on Uber Eats, Making Gifting Easier This Mother's Day

      Today Uber Technologies, Inc. (NYSE:UBER) and 1-800-Flowers.com, Inc. (NASDAQ:FLWS) announced an expansion of their partnership that brings 1-800-Flowers' iconic floral arrangements and gifts directly to the Uber Eats app—just in time for Mother's Day. This collaboration builds on the companies' existing relationship through Uber Direct, which powers same-day delivery for flower orders placed directly on 1-800-Flowers.com. Starting today, customers in select markets can browse over 300 participating 1-800-Flowers.com local florist partners and order a curated selection of bouquets and gifts on Uber Eats, with on-demand and scheduled delivery options that make thoughtful gifting easier than

      5/5/25 8:00:00 AM ET
      $FLWS
      $UBER
      Other Specialty Stores
      Consumer Discretionary
      Business Services

    $FLWS
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • 1-800-FLOWERS upgraded by DA Davidson with a new price target

      DA Davidson upgraded 1-800-FLOWERS from Underperform to Neutral and set a new price target of $7.00 from $8.00 previously

      8/30/24 7:38:55 AM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • 1-800-FLOWERS downgraded by DA Davidson with a new price target

      DA Davidson downgraded 1-800-FLOWERS from Neutral to Underperform and set a new price target of $8.00

      7/17/24 9:00:11 AM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • 1-800-FLOWERS upgraded by Craig Hallum

      Craig Hallum upgraded 1-800-FLOWERS from Hold to Buy

      3/30/23 9:01:50 AM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary

    $FLWS
    Financials

    Live finance-specific insights

    See more
    • 1-800-FLOWERS.COM, Inc. Reports Fiscal 2025 Third Quarter Results

      Generated Revenues of $331.5 million and a Net Loss of $178.2 million, which includes a $138.2 million non-cash goodwill and intangible impairment charge Announces Celebrations Wave, a Strategic Plan Marking the Next Phase of Significant Evolution for the Company that Integrates its Relationship Innovation Initiatives and Brand Assets into a Sentiment-Led Celebrations Ecosystem 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), a leading provider of thoughtful expressions designed to help inspire customers to share more, connect more, and build more and better relationships, today reported results for its Fiscal 2025 third quarter ended March 30, 2025. "While we are deeply disappointed by the quarte

      5/8/25 4:03:00 PM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • 1-800-FLOWERS.COM, Inc. to Release its Fiscal 2025 Third Quarter Results on Thursday, May 8, 2025

      1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) (the "Company"), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today announced that the Company will release financial results for its fiscal 2025 third quarter on Thursday, May 8,2025. The press release will be issued after the market close and will be followed by a conference call with members of senior management at 4:30 p.m. (ET). The conference call will be available via live webcast from the Investors section of the Company's website at www.1800flowersinc.com/investors. A recording of the call will be posted on the website within two hours of the call's completi

      4/16/25 9:00:00 AM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary
    • 1-800-FLOWERS.COM, Inc. Reports Fiscal 2025 Second Quarter Results

      Generates Revenues of $775.5 million and Net Income of $64.3 million Reports Adjusted EBITDA(1) of $116.3 million Updates Fiscal Year 2025 Outlook (1) Refer to "Definitions of Non-GAAP Financial Measures" and the tables attached at the end of this press release for reconciliation of non-GAAP results to applicable GAAP results. 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its Fiscal 2025 second quarter ended December 29, 2024. "Our second quarter revenue declined 5.7%, showing year-over-year improvement, but not at the pace that we

      1/30/25 6:45:00 AM ET
      $FLWS
      Other Specialty Stores
      Consumer Discretionary