# 1 800 FLOWERS COM INC (FLWS)

Informational only - not investment advice.

CIK: 0001084869
SIC: 5990 Retail-Retail Stores, NEC
SIC breadcrumb: [Retail Trade](/division/G/) > [Miscellaneous Retail](/major-group/59/) > [SIC 5990 Retail-Retail Stores, NEC](/industry/5990/)
Latest 10-K filed: 2025-09-05
SEC page: https://www.sec.gov/edgar/browse/?CIK=1084869
Filing source: https://www.sec.gov/Archives/edgar/data/1084869/000108486925000017/flws-20250629.htm

## At a glance

FY2025 · period end 2025-06-29 · filed 2025-09-05 · accession 0001084869-25-000017 · source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001084869.json

| Metric | Value | FY | Provenance |
| --- | ---: | ---: | --- |
| Revenue | 1,685,658,000 USD | 2025 | verified |
| Net income | -199,993,000 USD | 2025 | verified |
| Assets | 772,617,000 USD | 2025 | verified |
| Free cash flow | -67,826,000 USD | 2025 | computed |
| Net margin | -11.86% | 2025 | computed |
| Operating margin | -12.15% | 2025 | computed |
| Revenue YoY | -7.96% | 2025 | computed |
| ROE | -74.55% | 2025 | computed |

Computed values are grepcent-computed from the verified facts above and may differ from ratios the company itself reports. Free cash flow = operating cash flow − capital expenditures. Net margin = net income ÷ revenue. Operating margin = operating income ÷ revenue. Revenue YoY = FY2025 revenue ÷ FY2024 revenue − 1 (consecutive fiscal years only). ROE = net income ÷ period-end stockholders' equity.

No market price, no rating, no forecast on this site. Not investment advice.

### Peer percentile fingerprint

| Ratio | FLWS | Peer median | Percentile | N |
| --- | ---: | ---: | ---: | ---: |
| Net margin | -11.9% | 2.7% | 0 | 32 |
| Operating margin | -12.2% | 4.5% | 0 | 30 |
| Revenue growth | -8.0% | 6.6% | 10 | 32 |
| FCF margin | -4.0% | 3.7% | 7 | 31 |
| ROE | -74.5% | 11.4% | 0 | 28 |
| ROA | -25.9% | 4.9% | 0 | 32 |
| Liabilities / equity | 1.88 | 1.50 | 63 | 28 |
| Current ratio | 1.28 | 1.41 | 42 | 32 |

Percentile = share of the N covered peers reporting that ratio whose value is lower (ties counted half); computed among grepcent-covered companies in SIC major-group 59 Miscellaneous Retail, not the whole market. A higher percentile means a higher value of the ratio, not a better company. Ratios with fewer than 8 reporting peers are omitted. Latest reported values per company; fiscal periods may differ. Descriptive arithmetic - not a score, rating, or ranking.

## Selected Fundamentals
| Metric | Value | Unit | FY | Filed |
| --- | ---: | --- | ---: | --- |
| Revenue | 1685658000 | USD | 2025 | 2025-09-05 |
| Net income | -199993000 | USD | 2025 | 2025-09-05 |
| Assets | 772617000 | USD | 2025 | 2025-09-05 |

## Financials

Annual standardized facts from SEC companyfacts as of latest extracted filing date 2025-09-05. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001084869.json. Derived margins, ratios, and free cash flow are computed from the extracted annual SEC facts.

| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue |  | 1,193,625,000 | 1,151,921,000 | 1,248,623,000 | 1,489,637,000 | 2,122,245,000 | 2,207,885,000 | 2,017,853,000 | 1,831,421,000 | 1,685,658,000 |
| Net income |  | 44,041,000 | 40,791,000 | 34,766,000 | 58,998,000 | 118,652,000 | 29,610,000 | -44,702,000 | -6,105,000 | -199,993,000 |
| Operating income | 43,282,000 | 46,359,000 | 41,048,000 | 45,108,000 | 80,364,000 | 149,087,000 | 42,101,000 | -35,011,000 | -2,072,000 | -204,813,000 |
| Gross profit | 517,458,000 | 520,281,000 | 489,025,000 | 526,121,000 | 622,196,000 | 896,429,000 | 821,738,000 | 757,526,000 | 734,753,000 | 652,272,000 |
| Diluted EPS | 0.55 | 0.65 | 0.61 | 0.52 | 0.89 | 1.78 | 0.45 | -0.69 | -0.09 | -3.13 |
| Operating cash flow | 57,673,000 | 61,010,000 | 58,341,000 | 78,100,000 | 139,417,000 | 173,290,000 | 5,189,000 | 115,351,000 | 94,999,000 | -26,363,000 |
| Capital expenditures | 33,938,000 | 33,653,000 | 33,306,000 | 32,560,000 | 34,703,000 | 55,219,000 | 66,408,000 | 44,646,000 | 38,632,000 | 41,463,000 |
| Share buybacks | 15,223,000 | 10,735,000 | 12,176,000 | 14,766,000 | 10,680,000 | 22,369,000 | 38,171,000 | 1,239,000 | 10,394,000 | 10,175,000 |
| Assets | 502,941,000 | 552,470,000 | 570,889,000 | 606,440,000 | 774,435,000 | 1,076,679,000 | 1,094,891,000 | 1,051,430,000 | 1,032,648,000 | 772,617,000 |
| Liabilities | 260,355,000 | 270,231,000 | 255,985,000 | 263,729,000 | 374,661,000 | 567,609,000 | 585,482,000 | 579,587,000 | 566,306,000 | 504,335,000 |
| Stockholders' equity | 242,586,000 | 282,239,000 | 314,904,000 | 342,711,000 | 399,774,000 | 509,070,000 | 509,409,000 | 471,843,000 | 466,342,000 | 268,282,000 |
| Cash and cash equivalents | 27,826,000 | 149,732,000 | 147,240,000 | 172,923,000 | 240,506,000 | 173,573,000 | 31,465,000 | 126,807,000 | 159,437,000 | 46,502,000 |
| Free cash flow | 23,735,000 | 27,357,000 | 25,035,000 | 45,540,000 | 104,714,000 | 118,071,000 | -61,219,000 | 70,705,000 | 56,367,000 | -67,826,000 |

### Ratios

ROE and ROA use period-end equity/assets. Liabilities / equity uses total liabilities divided by stockholders' equity. Current ratio uses current assets divided by current liabilities when both are reported.

| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Net margin |  | 3.69% | 3.54% | 2.78% | 3.96% | 5.59% | 1.34% | -2.22% | -0.33% | -11.86% |
| Operating margin |  | 3.88% | 3.56% | 3.61% | 5.39% | 7.02% | 1.91% | -1.74% | -0.11% | -12.15% |
| Return on equity |  | 15.60% | 12.95% | 10.14% | 14.76% | 23.31% | 5.81% | -9.47% | -1.31% | -74.55% |
| Return on assets |  | 7.97% | 7.15% | 5.73% | 7.62% | 11.02% | 2.70% | -4.25% | -0.59% | -25.89% |
| Liabilities / equity | 1.07 | 0.96 | 0.81 | 0.77 | 0.94 | 1.11 | 1.15 | 1.23 | 1.21 | 1.88 |
| Current ratio | 1.38 | 2.06 | 2.19 | 2.38 | 2.10 | 1.50 | 1.31 | 1.69 | 1.69 | 1.28 |

## As-reported value updates

1 tracked difference above grepcent's stated thresholds were found between the earliest XBRL-filed value and the value currently on file for the same fiscal period.

Ledger: /company/FLWS/revisions/


## Quarterly

Quarterly standardized facts from SEC companyfacts as of latest extracted filing date 2026-05-07. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001084869.json.

Flow metrics use discrete quarter-length periods from 10-Q/10-Q/A filings. Q4 revenue and net income are derived only when annual FY and nine-month YTD facts exist for the same fiscal year; derived Q4 values are labeled. EPS Q4 is not derived.

| Quarter | End date | Revenue | Net income | Diluted EPS | Method |
| --- | --- | ---: | ---: | ---: | --- |
| 2020-Q3 | 2020-03-29 |  |  | -0.15 | reported discrete quarter |
| 2021-Q2 | 2020-12-27 |  |  | 1.71 | reported discrete quarter |
| 2021-Q3 | 2021-03-28 |  |  | 0.02 | reported discrete quarter |
| 2022-Q2 | 2023-01-01 |  |  | 1.27 | reported discrete quarter |
| 2022-Q3 | 2023-04-02 | 417,566,000 | -70,993,000 | -1.10 | reported discrete quarter |
| 2024-Q1 | 2023-10-01 | 269,050,000 | -31,242,000 |  | reported discrete quarter |
| 2024-Q2 | 2023-12-31 | 822,054,000 | 62,907,000 | 0.97 | reported discrete quarter |
| 2024-Q3 | 2024-03-31 | 379,405,000 | -16,903,000 | -0.26 | reported discrete quarter |
| 2024-Q4 | 2024-06-30 | 360,912,000 | -20,867,000 |  | derived Q4 = FY annual - nine-month YTD |
| 2025-Q1 | 2024-09-29 | 242,090,000 | -34,190,000 |  | reported discrete quarter |
| 2025-Q2 | 2024-12-29 | 775,492,000 | 64,348,000 | 1.00 | reported discrete quarter |
| 2025-Q3 | 2025-03-30 | 331,454,000 | -178,244,000 | -2.80 | reported discrete quarter |
| 2025-Q4 | 2025-06-29 | 336,622,000 | -51,907,000 |  | derived Q4 = FY annual - nine-month YTD |
| 2026-Q1 | 2025-09-28 | 215,200,000 | -52,957,000 | -0.83 | reported discrete quarter |
| 2026-Q2 | 2025-12-28 | 702,179,000 | 70,553,000 | 1.10 | reported discrete quarter |
| 2026-Q3 | 2026-03-29 | 293,014,000 | -100,064,000 | -1.56 | reported discrete quarter |

## Filed narrative (10-K & 10-Q)

## Business

Verbatim Item 1 Business section from FLWS's latest 10-K: [/company/FLWS/business/](/company/FLWS/business/).

## Latest quarter (10-Q)

Latest 10-Q source: https://www.sec.gov/Archives/edgar/data/1084869/000108486926000019/flws-20260329.htm

Extracted structurally from real Item 2 body heading to real Item 3/4 boundary.
Confidence: high
Filing date: 2026-05-07
Report date: 2026-03-29

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This “Management’s Discussion and Analysis of Financial Condition and Results of Operations” ("MD&A") is intended to provide an understanding of our financial condition, change in financial condition, cash flow, liquidity, and results of operations. The following MD&A discussion should be read in conjunction with the consolidated financial statements and notes to those statements that appear elsewhere in this Form 10-Q and in the Company’s Annual Report on Form 10-K for the fiscal year ended June 29, 2025. The following discussion contains forward-looking statements that reflect the Company’s plans, estimates and beliefs. The Company’s actual results could differ materially from those discussed or referred to in the forward-looking statements. Factors that could cause or contribute to any differences include, but are not limited to, those discussed under the caption “Forward-Looking Information and Factors That May Affect Future Results,” under Part I, Item 1A, of the Company’s Annual Report on Form 10-K for the fiscal year ended June 29, 2025 under the heading “Risk Factors” and Part II-Other Information, Item 1A in this Form 10-Q.

Business Overview

1-800-FLOWERS.COM, Inc. and its subsidiaries (collectively, the “Company”) 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 our 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®, Scharffen Berger®, 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, the Company 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 its members grow their businesses profitably; Napco®, a resource for floral gifts and seasonal décor; DesignPac®, a manufacturer of gift baskets and towers; and Card Isle®, an e-commerce greeting card service.

For additional information, see Item 7 of Part II, “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Overview” of our Annual Report on Form 10-K for the fiscal year ended June 29, 2025.

23

Table of Contents

Fiscal 2026

The Company is approaching fiscal 2026 as a pivotal period of foundation setting. By transforming the Company into a customer-centric, data-driven organization with clear objectives and return on investment-focused decision making, the Company aims to position itself to fuel future growth.

The Company's strategic priorities are focused on positioning the organization for long-term growth. These priorities include:

•driving cost savings and organizational efficiency,

•building a customer-centric and data-driven organization,

•broadening our reach beyond our e-commerce sites into new channels, and

•strengthening our team through enhanced talent and accountability.

With a renewed commitment to agility and customer-centricity, the Company believes these foundational steps will set the stage for sustainable revenue and profit growth in the years to come.

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. See below for definitions and the reasons why we use these non-GAAP financial measures, and reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures. These non-GAAP financial measures are referred to as “non-GAAP”, “adjusted” or "on a comparable basis" below, as these terms are used interchangeably. 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 Plan”) investment appreciation/depreciation, and certain items affecting period-to-period comparability.

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.

24

Table of Contents

The following table presents EBITDA and Adjusted EBITDA:

[[GREPCENT_TABLE]]
[["Reconciliation of net loss to Adjusted EBITDA (non-GAAP):","Three Months Ended","","Nine Months Ended"],["","March 29, 2026","","March 30, 2025","","March 29, 2026","","March 30, 2025"],["","(in thousands)"],["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 compensation","2,888","","","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: Goodwill and intangible impairment","45,154","","","138,220","","","45,154","","","138,220"],["Add: Restructuring cost/Severance","5,510","","","708","","","11,589","","","708"],["Adjusted EBITDA","$","(31,224)","","","$","(34,920)","","","$","33,947","","","$","53,412"]]
[[/GREPCENT_TABLE]]

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. 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.

The following table presents the adjusted net loss and adjusted net loss per common share:

[[GREPCENT_TABLE]]
[["Reconciliation of net loss to adjusted net loss (non-GAAP):","Three Months Ended","","Nine Months Ended"],["","March 29, 2026","","March 30, 2025","","March 29, 2026","","March 30, 2025"],["","(in thousands, except for per share data)"],["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","$","(1.56)","","","$","(2.80)","","","$","(1.29)","","","$","(2.32)"],["Basic and diluted adjusted net loss per common share (non-GAAP)","$","(0.77)","","","$","(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","64,068","","63,598","","63,838","","63,877"]]
[[/GREPCENT_TABLE]]

25

Table of Contents

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. 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).

26

Table of Contents

The followi

[Excerpt truncated for page length; source filing is linked above.]

## Latest 10-K MD&A (excerpt)

Latest 10-K Item 7 source: https://www.sec.gov/Archives/edgar/data/1084869/000108486925000017/flws-20250629.htm
Complete FY 2025 MD&A: /company/FLWS/mda/fy2025/

Extracted structurally from real Item 7 body heading to real Item 7A/8 boundary. Published MD&A gate trimmed front/tail over-capture.
Confidence: high
Filing date: 2025-09-05
Report date: 2025-06-29

Item 7.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This “Management’s Discussion and Analysis of Financial Condition and Results of Operations” (MD&A) is intended to provide an understanding of our financial condition, change in financial condition, cash flow, liquidity and results of operations. The following MD&A discussion should be read in conjunction with the consolidated financial statements and notes to those statements that appear elsewhere in this Form 10-K. The following discussion contains forward-looking statements that reflect the Company’s plans, estimates and beliefs. The Company’s actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to any differences include, but are not limited to, those discussed under Item 1A — “Risk Factors.”

Business Overview

The Company is a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships. See Item 1 in Part I for a detailed description of the Company’s business.

Business Segments

The Company operates in the following three business segments: Consumer Floral & Gifts, Gourmet Foods & Gift Baskets, and BloomNet. The Consumer Floral & Gifts segment includes the operations of the Company’s flagship brand, 1-800-Flowers.com, Personalization Mall, Things Remembered, FruitBouquets.com, Flowerama and Alice’s Table, while the Gourmet Foods & Gift Baskets segment includes the operations of Harry & David, Wolferman’s Bakery, Vital Choice, Moose Munch, Cheryl’s Cookies, Mrs. Beasley’s, The Popcorn Factory, DesignPac, 1-800-Baskets.com, Simply Chocolate, Shari’s Berries, and Scharffen Berger. The BloomNet segment includes the operations of BloomNet, Napco, and Card Isle.

Fiscal 2025 Results

Fiscal 2025 was a challenging year from a top and bottom line perspective. The broader macro-economic conditions have continued to impact our consumers. We have seen consumer confidence and sentiment decline in response to various uncertainties, including potential tariff impacts on inflation, a softening labor market, and shifting economic policies.

During fiscal 2025, net revenues decreased by $145.8 million, or 8.0%, to $1,685.7 million, compared to fiscal 2024, primarily due to continued slowing demand for everyday gifting occasions as discretionary income remains under pressure and consumers continue to moderate their spending. In addition, the Company experienced a highly promotional consumer environment during the holidays.

Gross margins declined throughout the year, ending at 38.7%; a 140-basis point decrease over fiscal 2024, primarily due to higher cost of merchandise and deleveraging of fixed costs.

Net loss was $200.0 million, compared with a net loss of $6.1 million in fiscal 2024. Adjusted EBITDA for fiscal 2025 was $29.2 million, compared with $93.1 million in fiscal 2024, reflecting a decline in Adjusted EBITDA of $63.9 million, driven by lower sales, reduced gross margin and increased advertising costs (See Reconciliation of net loss to adjusted EBITDA (non-GAAP) below).

Goodwill and Intangible Asset Impairment

During the quarter ended March 30, 2025, the Company evaluated whether events or circumstances had changed such that it was more likely than not that the fair value of its goodwill, intangibles, and other long-lived assets were less than their carrying amounts. After consideration of then current operating results, changes in macro-economic conditions, and a decline in the Company’s market capitalization, the Company concluded that a triggering event had occurred for its Consumer Floral & Gifts reporting unit. As such, the Company performed an impairment test of the reporting unit’s goodwill, intangibles and long-lived assets as of March 30, 2025, and recorded a non-cash goodwill and intangible impairment charge of $138.2 million, comprised of $113.4 million related to goodwill and $24.8 million attributable to the Personalization Mall tradename (indefinite-lived intangible asset). The Company concluded that definite-lived and other long-lived assets of the reporting unit were not impaired. In the fourth quarter of fiscal 2025, the Company recorded an immaterial adjustment of $5.6 million to increase the previously recognized non-cash goodwill impairment charge. The adjustment was the result of a change in the estimated allocation of the impairment charge between goodwill that is deductible and non-deductible for tax purposes.

25

Table of Contents

In fiscal 2024, during the quarter ended December 31, 2023, as a result of a decline in the actual and projected revenue for the Company’s Personalization Mall tradename, as well as a higher discount rate resulting from the higher interest rate environment, the Company determined that an impairment assessment was required for this tradename. This assessment resulted in the Company recording a non-cash impairment charge of $19.8 million to reduce the recorded carrying value of the Personalization Mall tradename.

During the third quarter of fiscal 2023, the Company evaluated whether events or circumstances had changed such that it would indicate it was more likely than not that its goodwill, intangibles and other long-lived assets of the Gourmet Foods & Gift Baskets reporting units fair values were less than their carrying amounts. After considering the continuing pressures on consumer discretionary spending, ongoing geopolitical events, the current inflationary macro-economic conditions, related cost input headwinds that have negatively impacted the Company’s gross margins, and resulting downward revisions to its forecast, the Company concluded that a triggering event had occurred for its Gourmet Foods & Gift Baskets reporting unit. As such, the Company performed an impairment test of the reporting unit’s goodwill, intangibles and long-lived assets as of April 2, 2023, and recorded a non-cash adjustment to fully impair the related goodwill of $62.3 million, and partially impaired certain tradenames totaling $2.3 million within the reporting unit – See Note 7 – Goodwill and Other Intangibles, Net in Item 15.

Acquisition of Scharffen Berger

On July 1, 2024, the Company completed its acquisition of certain assets of Scharffen Berger®, a chocolate manufacturing company, expanding the Company's product offerings in the Gourmet Foods & Gift Baskets Segment. The Company used cash on its balance sheet to fund the approximately $3.3 million purchase. Scharffen Berger annual revenues and results of operations, based on its most recently available financial information at the time of acquisition, are deemed immaterial to the Company's consolidated financial statements and, as such, pro forma results of operations have not been presented - see Note 4 – Acquisitions in Item 15.

Acquisition of Card Isle

On April 3, 2024, the Company completed its acquisition of certain assets of Card Isle, an e-commerce greeting card company, expanding the Company’s presence in the greeting card category across all brands. The Company used cash on its balance sheet to fund the $3.6 million purchase. Card Isle annual revenue and results of operations, based on its most recently available financial information at the time of acquisition, are deemed immaterial to the Company's consolidated financial statements – see Note 4 – Acquisitions in Item 15.

Acquisition of Things Remembered

On January 10, 2023, the Company completed its acquisition of certain assets of the Things Remembered brand, a provider of personalized gifts, whose operations have been integrated within the PersonalizationMall.com brand, in the Consumer Floral & Gifts segment. The Company used cash on its balance sheet to fund the $5.0 million purchase, which included intellectual property, a customer list, certain inventory, and equipment. The acquisition did not include Things Remembered retail stores. Things Remembered’s annual revenues from its e-commerce operations, based on its most recently available unaudited financial information at the time of the acquisition was $30.4 million for the twelve months ended November 30, 2022 – see Note 4 – Acquisitions in Item 15.

Fiscal 2026

The Company is approaching fiscal 2026 as a pivotal period of foundation setting. By transforming the Company into a customer-centric, data-driven organization with clear objectives and return on investment-focused decision making, the Company aims to position itself to support its multi-year Celebrations strategy and fuel future growth.

The Company's strategic priorities are focused on positioning the organization for long-term growth. These priorities include:

•driving cost savings and organizational efficiency,

•building a customer-centric and data-driven organization,

•broadening our reach beyond our e-commerce sites into new channels, and

•strengthening our team through enhanced talent and accountability.

26

Table of Contents

With a renewed commitment to agility and customer-centricity, the Company believes these foundational steps will set the stage for sustainable revenue and profit growth in the years to come.

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. See below for definitions and the reasons why we use these non-GAAP financial measures, and reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures. These non-GAAP financial measures are referred to as “non-GAAP”, “adjusted” or “on a comparable basis” below, as these terms are used interchangeably. 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 Plan") investment appreciation/depreciation, and certain items affecting period-to-period comparability.

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 used 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 metrics 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

[Excerpt truncated for page length; the complete text is on the linked full-MD&A page.]

Read the full FY 2025 MD&A: /company/FLWS/mda/fy2025/
All MD&A years: /company/FLWS/mda/


## MD&A history

Prior-year 10-K MD&A spans are extracted from SEC filings with the same bounded parser used for the latest filing. Each year's full verbatim text is on its own sub-page.

- [FY 2024 MD&A](/company/FLWS/mda/fy2024/): filed 2024-09-06; accession 0001437749-24-028591 (https://www.sec.gov/Archives/edgar/data/1084869/000143774924028591/flws20240630_10k.htm)
- [FY 2023 MD&A](/company/FLWS/mda/fy2023/): filed 2023-09-15; accession 0001437749-23-025967 (https://www.sec.gov/Archives/edgar/data/1084869/000143774923025967/flws20230702_10k.htm)
- [FY 2022 MD&A](/company/FLWS/mda/fy2022/): filed 2022-09-16; accession 0001437749-22-022580 (https://www.sec.gov/Archives/edgar/data/1084869/000143774922022580/flws20220626_10k.htm)
- [FY 2021 MD&A](/company/FLWS/mda/fy2021/): filed 2021-09-10; accession 0001437749-21-021879 (https://www.sec.gov/Archives/edgar/data/1084869/000143774921021879/flws20210627_10k.htm)




## Macro cross-references

Indicators mapped to this company's SIC classification (industry 5990 Retail-Retail Stores, NEC) by grepcent's deterministic macro-sector crosswalk. A navigational mapping, not a statistical or causal claim.

- [RSAFS](/indicator/RSAFS/): Advance Retail Sales: Retail Trade
- [PCE](/indicator/PCE/): Personal Consumption Expenditures
- [DSPIC96](/indicator/DSPIC96/): Real Disposable Personal Income
- [PSAVERT](/indicator/PSAVERT/): Personal Saving Rate

Macro-to-micro threads including this sector: [Inflation (CPI / PCE / PPI)](/thread/inflation-cpi-pce-ppi/), [US labor market](/thread/us-labor-market/), [Growth & output](/thread/growth-output/), [Sector employment](/thread/sector-employment/), [Industrial orders & inventories](/thread/industrial-orders/), [Trade & external](/thread/trade-external/).

All macro indicators: /indicators/


## For LLMs & downloads

Markdown twin: /company/FLWS.md · JSON record: /company/FLWS.json · verified financials: /company/FLWS/financials.json / /company/FLWS/financials.csv · machine TOC for the whole site: /llms.txt