$FLWS

1 800 FLOWERS COM INC

CIK:0001084869|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 28, 2026	Jun. 29, 2025	Jun. 30, 2024
Income Statement [Abstract]
Net revenues	$ 1,503,511	$ 1,685,658	$ 1,831,421
Cost of revenues (excludes depreciation and amortization)	932,176	1,033,386	1,096,668
Gross profit	571,335	652,272	734,753
Operating expenses:
Marketing and sales	402,821	480,439	485,016
Technology and development	57,857	62,279	60,235
General and administrative	139,003	116,926	118,060
Depreciation and amortization	53,617	53,618	53,752
Goodwill impairment	34,554	119,023	0
Intangible impairment	10,600	24,800	19,762
Total operating expenses	698,452	857,085	736,825
Operating loss	(127,117)	(204,813)	(2,072)
Interest income	(1,857)	(3,380)	(6,680)
Interest expense	16,959	15,438	17,303
Other income, net	(7,450)	(3,514)	(6,793)
Loss before income taxes	(134,769)	(213,357)	(5,902)
Income tax (benefit) expense	(4)	(13,364)	203
Net loss	(134,765)	(199,993)	(6,105)
Other comprehensive income (loss) - currency translation	42	(13)	43
Comprehensive loss	$ (134,723)	$ (200,006)	$ (6,062)
Basic net loss per common share (in dollars per share)	$ (2.11)	$ (3.13)	$ (0.09)
Diluted net loss per common share (in dollars per share)	$ (2.11)	$ (3.13)	$ (0.09)
Weighted average shares used in the calculation of net loss per common share:
Basic (in shares)	63,912	63,807	64,586
Diluted (in shares)	63,912	63,807	64,586

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2026	Jun. 29, 2025	Jun. 30, 2024
Operating activities:
Net loss	$ (134,765)	$ (199,993)	$ (6,105)
Reconciliation of net loss to net cash provided by (used in) operating activities, net of acquisitions:
Goodwill and intangible impairment	45,154	143,823	19,762
Depreciation and amortization	53,617	53,618	53,752
Amortization of deferred financing costs	1,412	866	724
Deferred income taxes	(693)	(12,723)	(11,732)
Bad debt expense	223	674	251
Stock-based compensation	11,256	11,891	10,688
Other non-cash items	776	2,013	310
Changes in operating items, net of acquisitions:
Trade receivables	3,553	(4,284)	2,143
Inventories	24,344	756	14,572
Prepaid and other	11,686	(5,682)	2,913
Accounts payable and accrued expenses	(199)	(16,997)	6,404
Other assets and other liabilities	1,944	(325)	1,317
Net cash provided by (used in) operating activities	18,308	(26,363)	94,999
Investing activities:
Acquisitions, net of cash acquired	0	(3,000)	(3,672)
Capital expenditures	(31,280)	(41,463)	(38,632)
Net cash used in investing activities	(31,280)	(44,463)	(42,304)
Financing activities:
Acquisition of treasury stock	(1,164)	(10,175)	(10,394)
Proceeds from exercise of employee stock options	0	281	329
Proceeds from bank borrowings	175,000	110,000	82,000
Repayment of bank borrowings	(196,000)	(140,000)	(92,000)
Debt issuance costs	0	(2,215)	0
Net cash used in financing activities	(22,164)	(42,109)	(20,065)
Net change in cash and cash equivalents	(35,136)	(112,935)	32,630
Cash and cash equivalents:
Beginning of year	46,502	159,437	126,807
End of year	$ 11,366	$ 46,502	$ 159,437

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 28, 2026	Jun. 29, 2025
Current assets:
Cash and cash equivalents	$ 11,366	$ 46,502
Trade receivables, less allowances for credit losses of $2,287 and $2,440, respectively	21,572	21,693
Inventories	152,783	177,127
Prepaid and other	25,719	37,405
Total current assets	211,440	282,727
Property, plant and equipment, net	194,216	215,596
Operating lease right-of-use assets	103,035	107,476
Goodwill	3,071	37,625
Trademarks with indefinite lives	76,073	86,673
Other intangibles, net	1,304	2,691
Other assets	47,853	39,829
Total assets	636,992	772,617
Current liabilities:
Accounts payable	68,963	74,581
Accrued expenses	118,961	109,887
Current maturities of long-term debt	24,000	21,000
Current portion of long-term operating lease liabilities	17,291	15,918
Total current liabilities	229,215	221,386
Long-term debt, net	112,176	134,764
Long-term operating lease liabilities	95,468	99,644
Deferred tax liabilities, net	5,986	6,679
Other liabilities	50,496	41,862
Total liabilities	493,341	504,335
Commitments and contingencies (Note 16)
Stockholders' equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued	0	0
Additional paid-in capital	422,528	411,280
Accumulated (deficit) retained earnings	(69,780)	64,985
Accumulated other comprehensive loss	(98)	(140)
Treasury stock, at cost, 23,209,569 and 22,919,849 Class A shares in 2026 and 2025, respectively, and 5,280,000 Class B shares in 2026 and 2025	(209,924)	(208,760)
Total stockholders’ equity	143,651	268,282
Total liabilities and stockholders’ equity	636,992	772,617
Class A
Stockholders' equity:
Common stock	602	594
Class B
Stockholders' equity:
Common stock	$ 323	$ 323