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1-800-FLOWERS.COM (FLWS) Q3 revenue falls 11.6% as loss hits $100M

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

1-800-FLOWERS.COM, Inc. reported Fiscal 2026 third quarter revenue of $293.0 million, down 11.6% from the prior year as the company shifted toward more disciplined, profitability-focused marketing. Gross profit margin improved to 33.2% from 31.7%, reflecting better pricing and cost actions.

Operating expenses were $191.9 million, including a $45.2 million non-cash goodwill and intangible impairment tied to the Consumer Floral & Gifts segment and the Personalization Mall trademark. The company posted a net loss of $100.1 million, or $(1.56) per share, versus a net loss of $178.2 million, or $(2.80) per share, a year earlier.

On an adjusted basis, net loss was $49.6 million, or $(0.77) per share, and Adjusted EBITDA was a loss of $31.2 million, modestly better than the prior-year Adjusted EBITDA loss of $34.9 million. By segment, Consumer Floral & Gifts revenue fell 18.7% to $159.4 million but saw higher margins and contribution, Gourmet Foods & Gift Baskets revenue was essentially flat at $106.9 million with improved profitability, and BloomNet revenue declined 5.9% to $26.9 million.

For Fiscal 2026, the company expects revenue to decline by approximately 10% to 12% year over year and projects Adjusted EBITDA to be approximately breakeven, within plus or minus $2 million, including about $22 million of incentive compensation and consultant costs.

Positive

  • None.

Negative

  • Double-digit revenue decline and large impairment-driven loss: Q3 revenue fell 11.6% to $293.0 million and the company recorded a $45.2 million non-cash goodwill and intangible impairment, contributing to a net loss of $100.1 million and continued negative Adjusted EBITDA.

Insights

Results show double-digit revenue pressure but improving margins and disciplined spending.

1-800-FLOWERS.COM, Inc. posted Fiscal 2026 Q3 revenue of $293.0 million, down 11.6%, as it reduced less effective marketing. Despite lower sales, gross margin improved 150 basis points to 33.2%, supported by pricing discipline and cost actions across key segments.

Operating expenses fell $106.6 million year over year to $191.9 million, though they include a non-cash goodwill and intangible impairment of $45.2 million. Net loss narrowed to $100.1 million, while Adjusted EBITDA loss improved slightly to $31.2 million, indicating progress but not yet profitability.

Management now expects full-year Fiscal 2026 revenue to decline by about 10%–12%, with Adjusted EBITDA roughly breakeven within plus or minus $2 million. This outlook includes approximately $22 million of incentive and consultant costs, suggesting near-term earnings will remain constrained even as operational initiatives take hold.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q3 Revenue $293.0 million Fiscal 2026 third quarter, down 11.6% year over year
Q3 Net Loss $100.1 million Fiscal 2026 third quarter, $(1.56) per diluted share
Q3 Adjusted EBITDA $(31.2) million Fiscal 2026 third quarter Adjusted EBITDA loss
Impairment Charge $45.2 million Non-cash goodwill and intangible impairment in Q3 2026
Consumer Floral & Gifts revenue $159.4 million Fiscal 2026 Q3, down 18.7% vs. prior year
Gourmet Foods & Gift Baskets revenue $106.9 million Fiscal 2026 Q3, essentially flat year over year
FY26 Revenue Outlook Down ~10%–12% Expected full-year 2026 revenue change vs. prior year
Free Cash Flow $20.0 million Nine months ended March 29, 2026
Adjusted EBITDA financial
"Adjusted EBITDA1 for the quarter was $(31.2) million, compared with Adjusted EBITDA1 of $(34.9) million"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
goodwill and intangible impairment financial
"includes a $45.2 million non-cash goodwill and intangible impairment charge related to the Company’s Consumer Floral & Gifts segment"
Segment Contribution Margin financial
"We define Segment Contribution Margin as earnings before interest, taxes, depreciation, and amortization, before the allocation of corporate overhead expenses."
Segment contribution margin is the money a specific business unit or product line generates after paying the direct, variable costs tied to producing and selling its goods or services. Think of it as the cash each segment puts into a company’s shared expenses and potential profit — like how much each branch of a store contributes toward rent and corporate overhead. Investors use it to judge which segments are truly profitable, where growth dollars should go, and how efficiently different parts of a business scale.
Free Cash Flow financial
"We define Free Cash Flow as net cash provided by (used in) operating activities less capital expenditures."
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
Non-Qualified Deferred Compensation Plan financial
"adjusted for the impact of stock-based compensation, Non-Qualified Deferred Compensation Plan (“NQDC”) investment appreciation/depreciation"
An arrangement where an employer agrees to pay part of an employee’s salary or bonus at a later date, often to attract or keep key staff. Think of it as a company IOU or a delayed paycheck held on the company’s books rather than in a protected retirement account; investors care because these promises create future cash obligations that are typically unsecured and depend on the company’s financial health, affecting risk, liabilities, and cash-flow planning.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Revenue $293.0 million -11.6% year over year
Net loss $100.1 million improved from $178.2 million loss
Adjusted EBITDA $(31.2) million improved from $(34.9) million
Gross margin 33.2% up from 31.7%
Guidance

For Fiscal Year 2026, revenue is expected to decline approximately 10% to 12% versus the prior year, and Adjusted EBITDA is projected to be approximately breakeven within a range of plus or minus $2 million.

Understanding 8-K Material Events →
1 800 FLOWERS COM INC0001084869False00010848692026-05-072026-05-07

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
May 7, 2026
(Date of earliest event reported)
1-800-FLOWERS.COM, INC.
(Exact name of registrant as specified in its charter)
Delaware0-2684111-3117311
(State of incorporation)(Commission File Number)(IRS Employer
Identification No.)
Two Jericho Plaza, Suite 200
Jericho, New York 11753
(Address of principal executive offices) (Zip Code)
(516) 237-6000
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common StockFLWSThe Nasdaq Stock Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


Item 2.02    Results of Operations and Financial Condition.
On May 7, 2026, 1-800-FLOWERS.COM, Inc. issued a press release announcing its financial results for its Fiscal 2026 Third Quarter, ended March 29, 2026. A copy of the press release is included as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01.    Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are furnished with this Form 8-K:
99.1 Press Release dated May 7, 2026.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
1-800-FLOWERS.COM, INC.
By:/s/ James Langrock
James Langrock
Senior Vice President, Treasurer and Chief Financial Officer
Date: May 7, 2026




Exhibit 99.1
image.jpg

Investor Contact:
Media Contact:
Andy Milevojpress@1800flowers.com
investors@1800flowers.com


1-800-FLOWERS.COM, Inc. Reports Fiscal 2026 Third Quarter Results

Reports Revenue of $293.0 million, a Net Loss of $100.1 million, which includes a $45.2 million non-cash goodwill and intangible impairment charge, and an Adjusted EBITDA1 Loss of $31.2 million


Jericho, NY, May 7, 2026 – 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 reported results for its Fiscal 2026 third quarter ended March 29, 2026.

“During the third quarter, we continued to make meaningful progress on our strategic initiatives as we strengthen the business and position it for long-term, profitable growth,” said Adolfo Villagomez, Chief Executive Officer. “We delivered significantly improved performance across key customer experience metrics for Valentine’s Day, reflecting stronger execution and a clear focus on the customer. Importantly, we are beginning to see tangible evidence that these actions are improving performance across the business. We also made significant progress on our cost savings initiatives, achieving our previously announced two-year target ahead of plan, which reflects the discipline and execution across the organization. As we realize these savings, we are thoughtfully deploying them, including reinvesting a portion back into the business as we shift toward a more balanced approach and begin testing targeted marketing investments to support stabilization and future growth. While our work is not complete, we are encouraged by the progress we are making.”

Fiscal 2026 Third Quarter Performance
•Total consolidated revenues decreased 11.6% to $293.0 million, compared with the prior year period, primarily reflecting a strategic shift to improve marketing effectiveness and profitability. Consumer Floral & Gifts revenues declined 18.7%, while Gourmet Foods & Gift Baskets revenues were essentially flat, benefitting from the timing of Easter. Performance in the Consumer Floral & Gifts segment reflects the more pronounced impact of prior-year inefficient marketing spend, along with ongoing changes in search engine results pages and pressure on direct traffic.

•Gross profit margin increased 150 basis points to 33.2%, compared with 31.7% in the prior year period. Excluding the impact of system implementation issues in the year ago period, gross profit margin improved 10 basis points as compared with the prior year period.

- 1 -

•Operating expenses decreased $106.6 million year-over-year to $191.9 million. Results for the current period include a $45.2 million non-cash goodwill and intangible impairment charge related to the Company’s Consumer Floral & Gifts segment and its Personalization Mall trademark. Excluding non-recurring charges and the impact of the Company’s non-qualified deferred compensation plan in both periods, operating expenses decreased $16.4 million as compared with the prior year to $144.3 million, primarily due to lower marketing and labor costs.

•Net loss for the quarter was $(100.1) million, or $(1.56) per diluted share, as compared to a net loss of $(178.2) million, or $(2.80) per share, in the prior year period.

•Adjusted net loss1 was $(49.6) million, or $(0.77) per diluted share, compared with an Adjusted net loss1 of $(44.9) million, or $(0.71) per share, in the prior year period.

•Adjusted EBITDA1 for the quarter was $(31.2) million, compared with Adjusted EBITDA1 of $(34.9) million in the prior year period.

(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.

Segment Results
The Company provides Fiscal 2026 third quarter selected financial results for its Gourmet Foods & Gift Baskets, Consumer Floral & Gifts, and BloomNet® segments in the tables attached to this release and as follows:

•Gourmet Foods & Gift Baskets: For the quarter, revenues were $106.9 million, essentially flat compared with the prior year period. Excluding system implementation costs in the prior year period, gross profit margin increased 10 basis points to 22.6%, as cost reduction initiatives offset higher tariffs and commodity costs. The segment contribution margin1 loss was $(15.8) million, compared with $(22.3) million in the prior year period, excluding severance and system implementation costs.

•Consumer Floral & Gifts: For the quarter, revenues declined 18.7% to $159.4 million, as compared with the prior year period. Gross profit margin increased 120 basis points from the prior year period to 38.0%, reflecting improved pricing discipline, more targeted promotional activity, and better alignment between florist-fulfilled and direct shipment offerings, partially offset by higher tariffs. The segment contribution margin1 was $10.4 million, compared with $6.5 million in the prior year period, excluding severance and impairment costs.

•BloomNet: For the quarter, revenues decreased 5.9% to $26.9 million, as compared with the prior year period. Gross profit margin declined 50 basis points from the prior year period to 46.4%. The segment contribution margin1 was $7.5 million, compared with $8.5 million in the prior year period, excluding severance costs.

Fiscal Year 2026 Outlook
The Company continues to view Fiscal 2026 as a foundational year focused on stabilizing the business, improving execution, and building a stronger platform for long-term growth through its strategic priorities, including enhancing its customer-first approach, expanding third-party distribution, improving marketing efficiency, and driving structural cost savings. These actions are strengthening the foundation for sustainable revenue and profit growth over time.

- 2 -

For Fiscal Year 2026, the Company expects revenue to decline by approximately 10% to 12% as compared with the prior year and Adjusted EBITDA to be approximately breakeven, within a range of plus or minus $2 million, which includes approximately $22 million of anticipated incentive compensation and consultant costs incurred during the fiscal year. These expectations reflect the continued impact of a more disciplined marketing strategy, changes in search engine results pages affecting organic traffic, and the ongoing transition toward a more efficient demand-generation model.

Conference Call
The Company will conduct a conference call to discuss its financial results today, May 7, 2026, 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.

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,” “adjusted” 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 Deferred Compensation Plan (“NQDC”) 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-related items 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 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.
- 3 -


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 (Loss) and Net Income (Loss).

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 (used in) 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.

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About 1-800-FLOWERS.COM, Inc.
1-800-FLOWERS.COM, Inc. is a leading provider of thoughtful expressions 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®, Card Isle®, Cheryl’s Cookies®, Harry & David®, PersonalizationMall.com®, Shari’s Berries®, FruitBouquets.com®, Things Remembered®, Moose Munch®, The Popcorn Factory®, Wolferman’s Bakery®, Vital Choice®, Simply Chocolate® and Scharffen Berger®. 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; and DesignPac®, a manufacturer of gift baskets and towers. 1-800-FLOWERS.COM, Inc. was recognized among America’s Most Trustworthy Companies by Newsweek for 2024. 1-800-FLOWERS.COM, Inc. was also recognized as one of America’s Most Admired Workplaces for 2025 by Newsweek 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. 

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 forecasts concerning future events; they do not relate strictly to historical or current facts. Such statements can generally be identified by words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “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 relating to future actions; 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 priorities; its ability to cost effectively acquire and retain customers and drive purchase frequency; 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 cannot guarantee that any forward-looking statement will be realized. Achievement of future results is subject to risk, uncertainties and potentially inaccurate assumptions. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could differ materially from past results and those anticipated, estimated or projected. You should bear this in mind as you consider forward-looking statements. 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.





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1-800-FLOWERS.COM, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(in thousands)


March 29, 2026June 29, 2025
(unaudited)
Assets
Current assets:
Cash and cash equivalents $50,697 $46,502 
Trade receivables, net33,962 21,693 
Inventories 146,199 177,127 
Prepaid and other 25,948 37,405 
     Total current assets256,806 282,727 
Property, plant and equipment, net200,389 215,596 
Operating lease right-of-use assets 100,589 107,476 
Goodwill 3,071 37,625 
Trademarks with indefinite lives76,073 86,673 
Other intangibles, net1,578 2,691 
Other assets41,382 39,829 
Total assets $679,888 $772,617 
Liabilities and Stockholder’s Equity
Current liabilities:
Accounts payable$61,119 $74,581 
Accrued expenses 124,112 109,887 
Current maturities of long-term debt 24,000 21,000 
Current portion of long-term operating lease liabilities 16,980 15,918 
     Total current liabilities 226,211 221,386 
Long-term debt, net 117,823 134,764 
Long-term operating lease liabilities 93,370 99,644 
Deferred tax liabilities, net 6,257 6,679 
Other liabilities 43,746 41,862 
Total liabilities 487,407 504,335 
Total stockholders’ equity192,481 268,282 
Total liabilities and stockholders’ equity $679,888 $772,617 









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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 Nine Months Ended
March 29, 2026March 30, 2025March 29, 2026March 30, 2025
Net revenues:
E-Commerce $249,790 $291,758 $1,014,470 $1,162,258 
Other 43,224 39,696 195,923 186,778 
     Total net revenues293,014 331,454 1,210,393 1,349,036 
Cost of revenues195,717 226,455 740,868 816,125 
Gross profit 97,297 104,999 469,525 532,911 
Operating expenses:
Marketing and sales 86,236 106,728 311,409 375,828 
Technology and development 14,701 14,728 43,289 46,340 
General and administrative 32,856 25,634 101,040 81,570 
Depreciation and amortization12,907 13,119 39,378 40,287 
Goodwill impairment 34,554 113,420 34,554 113,420 
Intangible impairment10,600 24,800 10,600 24,800 
     Total operating expenses 191,854 298,429 540,270 682,245 
Operating loss(94,557)(193,430)(70,745)(149,334)
Interest income(1,057)(1,477)(1,490)(2,621)
Interest expense3,247 2,939 14,076 11,839 
Other expense (income), net3,111 1,827 (1,107)(1,104)
Loss before income taxes (99,858)(196,719)(82,224)(157,448)
Income tax expense (benefit)206 (18,475)244 (9,362)
Net loss$(100,064)$(178,244)$(82,468)$(148,086)
Basic and diluted net loss per common share $(1.56)$(2.80)$(1.29)$(2.32)
Basic and diluted weighted average shares used in the calculation of net loss per common share 64,068 63,598 63,838 63,877 














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1-800-FLOWERS.COM, Inc. and Subsidiaries
Selected Financial Information
Consolidated Statement of Cash Flows
(in thousands)
(unaudited)

Nine Months Ended
March 29, 2026March 30, 2025
Operating Activities:
Net loss$(82,468)$(148,086)
Adjustments to reconcile net loss to net cash provided by operating activities, net of acquisitions:
Goodwill and intangible impairment 45,154 138,220 
Depreciation and amortization39,378 40,287 
Amortization of deferred financing costs1,059 561 
Deferred income taxes(422)(10,419)
Bad debt expense294 444 
Stock-based compensation 7,495 9,106 
Other non-cash items (221)(161)
Changes in operating items, net of acquisitions:
Trade receivables (8,908)(11,133)
Inventories 30,928 17,569 
Prepaid and other 11,457 1,669 
Accounts payable and accrued expenses (2,890)(38,946)
Other assets and liabilities 2,004 1,595 
Net cash provided by operating activities 42,860 706 
Investing activities:
Acquisitions, net of cash acquired — (3,000)
Capital expenditures (22,837)(32,431)
Net cash used in investing activities (22,837)(35,431)
Financing activities:
Acquisition of treasury stock (828)(9,913)
Proceeds from exercise of employee stock options— 281 
Proceeds from bank borrowings175,000 110,000 
Repayment of bank borrowings(190,000)(140,000)
Debt issuance cost— (396)
Net cash used in financing activities (15,828)(40,028)
Net change in cash and cash equivalents 4,195 (74,753)
Cash and cash equivalents:
Beginning of period 46,502 159,437 
End of period$50,697 $84,684 
- 8 -


1-800-FLOWERS.COM, Inc. and Subsidiaries
Selected Financial Information - Category Information
(dollars in thousands)
(unaudited)
 Three Months Ended
March 29, 2026Goodwill and Intangible ImpairmentRestructuring cost/Severance
As adjusted (non-GAAP) March 29, 2026
March 30, 2025System Implementation CostsGoodwill and Intangible ImpairmentRestructuring cost / Severance
As adjusted (non-GAAP) March 30, 2025
% Change
Net revenues:
Consumer Floral & Gifts $159,443 $— $— $159,443 $196,030 $— $— $— $196,030 (18.7)%
BloomNet 26,875 — — 26,875 28,552 — — — 28,552 (5.9)%
Gourmet Foods & Gift Baskets106,946 — — 106,946 107,088 — — — 107,088 (0.1)%
Corporate 50 — — 50 69 — — — 69 (27.5)%
Intercompany eliminations (300)— — (300)(285)— — — (285)(5.3)%
Total net revenues $293,014 $— $— $293,014 $331,454 $— $— $— $331,454 (11.6)%
Gross profit:
Consumer Floral & Gifts $60,649 — — $60,649 $72,045 — — — $72,045 (15.8)%
38.0 %38.0 %36.8 %36.8 %
BloomNet 12,471 — — 12,471 13,399 — — — 13,399 (6.9)%
46.4 %46.4 %46.9 %46.9 %
Gourmet Foods & Gift Baskets24,159 — — 24,159 19,436 4,633 — — 24,069 0.4 %
22.6 %22.6 %18.1 %22.5 %
Corporate 18 — — 18 119 — — — 119 (84.9)%
36.0 %36.0 %172.5 %172.5 %
Total gross profit $97,297 $— $— $97,297 $104,999 $4,633 $— $— $109,632 (11.3)%
33.2 %33.2 %31.7 %33.1 %
EBITDA (non-GAAP):
Segment Contribution Margin (non-GAAP) (a):
Consumer Floral & Gifts $(36,351)$45,154 $1,553 $10,356 $(131,690)$— $138,220 $— $6,530 58.6 %
BloomNet 7,427 — 33 7,460 8,472 — — 33 8,505 (12.3)%
Gourmet Foods & Gift Baskets(18,738)— 2,912 (15,826)(27,802)5,314 — 181 (22,307)29.1 %
Segment Contribution Margin Subtotal (47,662)45,154 4,498 1,990 (151,020)5,314 138,220 214 (7,272)127.4 %
Corporate (b)(33,988)— 1,012 (32,976)(29,291)— — 494 (28,797)(14.5)%
EBITDA (non-GAAP)(81,650)45,154 5,510 (30,986)(180,311)5,314 138,220 708 (36,069)14.1 %
Add: Stock-based compensation2,888 — — 2,888 2,998 — — — 2,998 (3.7)%
Add: Compensation charge related to NQDC Plan investment depreciation(3,126)— — (3,126)(1,849)— — — (1,849)(69.1)%
Adjusted EBITDA (non-GAAP)$(81,888)$45,154 $5,510 $(31,224)$(179,162)$5,314 $138,220 $708 $(34,920)10.6 %




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1-800-FLOWERS.COM, Inc. and Subsidiaries
Selected Financial Information - Category Information
(dollars in thousands)
(unaudited)
Nine Months Ended
March 29, 2026Goodwill and Intangible ImpairmentRestructuring cost/Severance
As adjusted (non-GAAP) March 29, 2026
March 30, 2025System Implementation CostsGoodwill and Intangible Impairment Restructuring cost / Severance
As adjusted (non-GAAP) March 30, 2025
% Change
Net revenues:
Consumer Floral & Gifts $456,118 $— $— $456,118 $565,559 $— $— $— $565,559 (19.4)%
BloomNet 72,124 — — 72,124 74,464 — — — 74,464 (3.1)%
Gourmet Foods & Gift Baskets682,719 — — 682,719 709,545 — — — 709,545 (3.8)%
Corporate 207 — — 207 271 — — — 271 (23.6)%
Intercompany eliminations (775)— — (775)(803)— — — (803)3.5 %
Total net revenues $1,210,393 $— $— $1,210,393 $1,349,036 $— $— $— $1,349,036 (10.3)%
Gross profit:
Consumer Floral & Gifts $177,150 — — $177,150 $224,262 — — — $224,262 (21.0)%
38.8 %38.8 %39.7 %39.7 %
BloomNet 34,768 — — 34,768 36,551 — — — 36,551 (4.9)%
48.2 %48.2 %49.1 %49.1 %
Gourmet Foods & Gift Baskets257,374 — — 257,374 271,670 6,625 — — 278,295 (7.5)%
37.7 %37.7 %38.3 %39.2 %
Corporate 233 — — 233 428 — — — 428 (45.6)%
112.6 %112.6 %157.9 %157.9 %
Total gross profit $469,525 $— $— $469,525 $532,911 $6,625 $— $— $539,536 (13.0)%
38.8 %38.8 %39.5 %40.0 %
EBITDA (non-GAAP):
Segment Contribution Margin (non-GAAP) (a):
Consumer Floral & Gifts $(16,314)$45,154 $2,661 $31,501 $(105,159)$— $138,220 $— $33,061 (4.7)%
BloomNet 19,526 — 281 19,807 22,773 — — 33 22,806 (13.2)%
Gourmet Foods & Gift Baskets71,375 — 4,725 76,100 67,222 10,393 — 181 77,796 (2.2)%
Segment Contribution Margin Subtotal 74,587 45,154 7,667 127,408 (15,164)10,393 138,220 214 133,663 (4.7)%
Corporate (b)(105,954)— 3,922 (102,032)(93,883)3,008 — 494 (90,381)(12.9)%
EBITDA (non-GAAP)(31,367)45,154 11,589 25,376 (109,047)13,401 138,220 708 43,282 (41.4)%
Add: Stock-based compensation7,495 — — 7,495 9,106 — — — 9,106 (17.7)%
Add: Compensation charge related to NQDC Plan investment appreciation1,076 — — 1,076 1,024 — — — 1,024 5.1 %
Adjusted EBITDA (non-GAAP)$(22,796)$45,154 $11,589 $33,947 $(98,917)$13,401 $138,220 $708 $53,412 (36.4)%
- 10 -



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 loss (non-GAAP):
Three Months Ended Nine Months Ended
March 29, 2026March 30, 2025March 29, 2026March 30, 2025
Net loss$(100,064)$(178,244)$(82,468)$(148,086)
Adjustments to reconcile net loss to adjusted net loss (non-GAAP):
Add: System implementation costs — 5,314 — 13,401 
Add: Restructuring cost/ Severance 5,510 708 11,589 708 
Add: Goodwill and intangible impairment 45,154 138,220 45,154 138,220 
Deduct: Income tax effect on adjustments(181)(10,931)(152)(12,933)
Adjusted net loss (non-GAAP)$(49,581)$(44,933)$(25,877)$(8,690)
Basic and diluted net loss per common share
Basic $(1.56)$(2.80)$(1.29)$(2.32)
Diluted $(1.56)$(2.80)$(1.29)$(2.32)
Basic and diluted adjusted net loss per common share (non-GAAP)
Basic $(0.77)$(0.71)$(0.41)$(0.14)
Diluted$(0.77)$(0.71)$(0.41)$(0.14)
Weighted average shares used in the calculation of basic and diluted net loss and adjusted net loss per common share     
Basic 64,068 63,598 63,838 63,877 
Diluted 64,068 63,598 63,838 63,877 
- 11 -



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 Nine Months Ended
March 29, 2026March 30, 2025March 29, 2026March 30, 2025
Net loss$(100,064)$(178,244)$(82,468)$(148,086)
Add: Interest expense and other, net 5,301 3,289 11,479 8,114 
Add: Depreciation and amortization 12,907 13,119 39,378 40,287 
Add: Income tax expense (benefit) 206 (18,475)244 (9,362)
EBITDA (81,650)(180,311)(31,367)(109,047)
Add: Stock-based compensation2,888 2,998 7,495 9,106 
Add: Compensation charge related to NQDC Plan investment (depreciation) appreciation(3,126)(1,849)1,076 1,024 
Add: System implementation costs — 5,314 — 13,401 
Add: Restructuring cost/Severance5,510 708 11,589 708 
Add: Goodwill and intangible impairment 45,154 138,220 45,154 138,220 
Adjusted EBITDA$(31,224)$(34,920)$33,947 $53,412 
(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 expense (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 stock-based compensation, as well as changes in the fair value of the Company's NQDC Plan. 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 are included within corporate expenses as they are not directly allocable to a specific segment.
   










- 12 -








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): Nine Months Ended
March 29, 2026March 30, 2025
Net cash provided by operating activities $42,860 $706 
Capital expenditures(22,837)(32,431)
Free cash flow$20,023 $(31,725)


- 13 -

Source: View Original Filing on SEC EDGAR

FAQ

How did 1-800-FLOWERS.COM, Inc. (FLWS) perform in Fiscal 2026 Q3?

1-800-FLOWERS.COM, Inc. reported Fiscal 2026 Q3 revenue of $293.0 million, down 11.6% year over year. The company posted a net loss of $100.1 million, or $(1.56) per share, and an Adjusted EBITDA loss of $31.2 million, both slightly improved versus last year.

What were the key segment results for FLWS in the Fiscal 2026 third quarter?

In Fiscal 2026 Q3, Consumer Floral & Gifts revenue declined 18.7% to $159.4 million, Gourmet Foods & Gift Baskets revenue was essentially flat at $106.9 million, and BloomNet revenue decreased 5.9% to $26.9 million. Consumer Floral & Gifts and Gourmet Foods delivered higher segment contribution margins despite revenue pressure.

What guidance did 1-800-FLOWERS.COM, Inc. give for Fiscal Year 2026?

For Fiscal Year 2026, 1-800-FLOWERS.COM, Inc. expects revenue to decline approximately 10% to 12% compared with the prior year. The company projects Adjusted EBITDA to be approximately breakeven, within a range of plus or minus $2 million, including about $22 million of incentive and consultant costs.

How significant was the impairment charge in FLWS’s Fiscal 2026 Q3 results?

The company recorded a $45.2 million non-cash goodwill and intangible impairment in Fiscal 2026 Q3, tied to its Consumer Floral & Gifts segment and Personalization Mall trademark. This impairment materially affected operating expenses and contributed to the quarter’s $100.1 million net loss, though it did not impact cash flow.

How did margins and operating expenses trend for FLWS in Fiscal 2026 Q3?

Gross profit margin improved to 33.2% in Fiscal 2026 Q3 from 31.7% a year earlier, aided by pricing and cost initiatives. Operating expenses declined by $106.6 million to $191.9 million, although this figure includes a $45.2 million non-cash impairment; excluding special items, operating costs fell meaningfully.

What does FLWS’s cash flow and free cash flow look like year-to-date Fiscal 2026?

For the first nine months of Fiscal 2026, 1-800-FLOWERS.COM, Inc. generated $42.9 million in net cash from operating activities. After $22.8 million of capital expenditures, free cash flow was $20.0 million, a notable improvement compared with negative free cash flow of $31.7 million in the prior-year period.

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