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1 800 Flowers Com Inc (FLWS) SEC Filing 10-K Annual Report for the fiscal year ending Sunday, July 2, 2023

1 800 Flowers Com Inc

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CIK: 1084869 Ticker: FLWS
Exhibit 99.1

1-800-FLOWERS.COM, Inc. Reports Fiscal 2023 Fourth Quarter and Year-End Results

Reports Fiscal Year 2023 Revenue of $2.0 Billion and a Net Loss of $44.7 Million, which Net Loss Includes an After-Tax, Non-Cash Charge of $57.8 Million Associated with the Third Quarter Goodwill and Intangible Asset Impairment Charge

Fiscal Year 2023 Adjusted Net Income1 was $13.4 million, or $0.21 Per Share, Compared with Adjusted Net Income1 of $32.9 Million, or $0.50 Per Diluted Share, in the Prior Year Period

Generates Adjusted EBITDA1 of $91.2 Million During Fiscal Year 2023, as the Fourth Quarter Adjusted EBITDA Loss1 Improves by $10.2 Million to $6.6 Million

Reports Fiscal Year 2023 Free Cash Flow1 of $70.7 Million

Issues Fiscal Year 2024 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.)

JERICHO, N.Y.--(BUSINESS WIRE)--August 31, 2023--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 2023 fourth quarter and full year ended July 2, 2023.

The following information was filed by 1 800 Flowers Com Inc (FLWS) on Thursday, August 31, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside 1 800 Flowers Com Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations And Comprehensive Income (Loss)
Consolidated Statements Of Stockholders' Equity
Note 1 - Description Of Business
Note 10 - Fair Value Measurements
Note 10 - Fair Value Measurements (Tables)
Note 10 - Fair Value Measurements - Assets And Liabilities Measured At Fair Value (Details)
Note 11 - Income Taxes
Note 11 - Income Taxes (Details Textual)
Note 11 - Income Taxes (Tables)
Note 11 - Income Taxes - Deferred Income Tax Assets (Details)
Note 11 - Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Note 11 - Income Taxes - Income Tax Provision From Continuing Operations (Details)
Note 12 - Capital Stock
Note 12 - Capital Stock (Details Textual)
Note 13 - Stock Based Compensation
Note 13 - Stock Based Compensation (Details Textual)
Note 13 - Stock Based Compensation (Tables)
Note 13 - Stock Based Compensation - Allocation Of Stock-Based Compensation To Operating Expenses (Details)
Note 13 - Stock Based Compensation - Assumptions (Details)
Note 13 - Stock Based Compensation - Non-Vested Restricted Stock Activity (Details)
Note 13 - Stock Based Compensation - Schedule Of Stock Options By Exercise Price (Details)
Note 13 - Stock Based Compensation - Stock Option Activity (Details)
Note 13 - Stock Based Compensation - Stock-Based Compensation Expense Recognized (Details)
Note 14 - Employee Retirement Plans
Note 14 - Employee Retirement Plans (Details Textual)
Note 15 - Business Segments
Note 15 - Business Segments (Details Textual)
Note 15 - Business Segments (Tables)
Note 15 - Business Segments - Disaggregation Of Revenue From Contracts With Customers (Details)
Note 15 - Business Segments - Segment Performance (Details)
Note 16 - Leases
Note 16 - Leases (Tables)
Note 16 - Leases - Lease Costs (Details)
Note 16 - Leases - Maturities Of Lease Liabilities (Details)
Note 17 - Commitments And Contingencies
Note 17 - Commitments And Contingencies (Details Textual)
Note 2 - Significant Accounting Policies
Note 2 - Significant Accounting Policies (Details Textual)
Note 2 - Significant Accounting Policies (Tables)
Note 2 - Significant Accounting Policies - Property, Plant And Equipment (Details)
Note 3 - Net Income (Loss) Per Common Share
Note 3 - Net Income (Loss) Per Common Share (Tables)
Note 3 - Net Income (Loss) Per Common Share - Basic And Diluted Net Income (Loss) Per Common Share (Details)
Note 4 - Acquisition - Pro Forma Information (Details)
Note 4 - Acquisitions
Note 4 - Acquisitions (Details Textual)
Note 4 - Acquisitions (Tables)
Note 4 - Acquisitions - Preliminary Allocation Of The Purchase Price To The Estimated Fair Values Of Assets Acquired And Liabilities Assumed (Details)
Note 5 - Inventory
Note 5 - Inventory (Tables)
Note 5 - Inventory - Summary Of Inventory (Details)
Note 6 - Goodwill And Intangible Assets
Note 6 - Goodwill And Intangible Assets (Details Textual)
Note 6 - Goodwill And Intangible Assets (Tables)
Note 6 - Goodwill And Intangible Assets - Goodwill By Segment (Details)
Note 6 - Goodwill And Intangible Assets - Other Intangible Assets (Details)
Note 7 - Property, Plant And Equipment
Note 7 - Property, Plant And Equipment (Details Textual)
Note 7 - Property, Plant And Equipment (Tables)
Note 7 - Property, Plant And Equipment - Summary Of Property, Plant And Equipment (Details)
Note 8 - Accrued Expenses
Note 8 - Accrued Expenses (Tables)
Note 8 - Accrued Expenses - Accrued Expenses (Details)
Note 9 - Long-Term Debt
Note 9 - Long-Term Debt (Details Textual)
Note 9 - Long-Term Debt (Tables)
Note 9 - Long-Term Debt - Summary Of Current And Long-Term Debt (Details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (Tables)
Schedule Ii - Valuation And Qualifying Accounts - Valuation And Qualifying Accounts (Details)
Significant Accounting Policies (Policies)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (Details Textual)
Ticker: FLWS
CIK: 1084869
Form Type: 10-K Annual Report
Accession Number: 0001437749-23-025967
Submitted to the SEC: Fri Sep 15 2023 10:07:40 AM EST
Accepted by the SEC: Fri Sep 15 2023
Period: Sunday, July 2, 2023
Industry: Retail Stores

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