1-800-FLOWERS.COM Inc - FLWS STOCK NEWS

Fluid Truck has partnered with BloomNet® to provide special pricing on vehicle rentals to BloomNet's expansive network of florist members. This collaboration aims to support florists during peak delivery times, such as Mother’s Day, a significant event in the floral industry. Fluid Truck allows 24/7 mobile access to a variety of vehicles, enabling florists to adjust their fleet size based on demand. On Mother’s Day, 1-800-Flowers.com, a BloomNet member, expects to deliver over 33 million stems of flowers and 2 million dipped strawberries. The partnership is seen as a vital service to help florists manage delivery logistics as well as grow their businesses.

1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) reported its Fiscal 2023 second quarter results, revealing a net income of $82.5 million and Adjusted EBITDA of $131.4 million. Despite an overall revenue decline of 4.8% to $897.9 million compared to the prior year, the gross profit margin improved to 41.0%, up 90 basis points. The company attributed strong holiday performance in its Gourmet Foods and Gift Baskets segments but noted softening demand in corporate gifting due to macroeconomic pressures. The company anticipates total revenues to decrease in the mid-single digits for Fiscal 2023 and projects an Adjusted EBITDA range of $80 million to $85 million

1-800-Flowers.com is gearing up for Valentine's Day with a range of unique floral arrangements and gifts aimed at enhancing meaningful connections. This year, the brand expects to deliver approximately 23 million stems, emphasizing new products including over 90 rose offerings. Additionally, they are expanding their marketplace with 15 new product categories to support local makers. Starting February 1, customers can engage in themed countdown events, with exclusive discounts for early orders and loyalty program members. Collaborative bundles with Princess Cruises and engaging digital content are also part of their strategy to captivate customers.

1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) announced it will release its fiscal 2023 second quarter financial results on February 2, 2023, before the market opens. Following this, the company will host a conference call at 8:00 a.m. (ET) to discuss these results. Investors can access the call via live webcast on the company’s website. A recording will be available shortly after the call, with telephonic replay offered from 2:00 p.m. (ET) on the same day until February 9, 2023.

1-800-FLOWERS.COM has strengthened its personalized gifting platform by acquiring Things Remembered, adding thousands of products with innovative personalization options. CEO Chris McCann emphasized this move solidifies the company's leadership in the personalized gifts market, complementing existing offerings from Personalization Mall. The acquisition aims to enhance the company's e-commerce capabilities and expand product variety for customers celebrating various occasions. Note that the retail stores of Things Remembered are not part of this transaction.

1-800-FLOWERS.COM (FLWS) reported a 1.9% decline in total revenues for Q1 2023, totaling $303.6 million, with a net loss of $33.7 million or $(0.52) per share. Adjusted EBITDA loss was $28.0 million, a steep increase from $5.3 million last year. Despite this, the company anticipates EBITDA between $75 million and $80 million for the full year and expects to generate over $75 million in free cash flow. The company also expects mid-single-digit revenue decline for FY2023 due to macroeconomic pressures.

1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) will release its fiscal 2023 first-quarter financial results on November 3, 2022, before market opening. A conference call with senior management will follow at 8:00 a.m. (ET). Investors can access the call via live webcast on the company's website, with a replay available shortly after. Forward-looking statements in the release may contain risks that could impact actual results. Investors are encouraged to review SEC filings for detailed risk factors.

1-800-FLOWERS.COM (NASDAQ: FLWS) has launched its Season of Giving campaign to support Feeding America, aiming to address food insecurity this holiday season. From now until December 24, the company will donate 20% of net proceeds from gifts purchased to the nonprofit, with a goal to provide at least 500,000 meals. In 2021, the company donated nearly $6 million worth of food products to Feeding America. The campaign highlights the growing need as inflation impacts food bank demand across the nation.

1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) announces the appointment of Andy Milevoj as Senior Vice President of Investor Relations, effective September 19, 2022. He succeeds Joe Pititto, who will retire on December 31, 2022, after 23 years. Milevoj brings extensive experience from Barnes & Noble, where he was Vice President of Corporate Finance and Investor Relations. His expertise will be pivotal in enhancing communication with the investment community. The company is recognized for its growth and e-commerce platform, which includes notable brands like 1-800-Flowers.com and Harry & David.