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1 800 Flowers Com Inc (FLWS) SEC Filing 10-Q Quarterly Report for the period ending Sunday, March 27, 2022

1 800 Flowers Com Inc

CIK: 1084869 Ticker: FLWS
Exhibit 99.1

1-800-FLOWERS.COM, Inc. Reports Results for Its Fiscal 2022 Third Quarter

  • Total net revenues for the quarter were $469.6 million, down 1.0 percent compared with $474.2 million in the prior year period. Compared with the Company’s fiscal 2020 third quarter, prior to the pandemic, revenues were up 68.4 percent.
  • Net loss for the quarter was $23.4 million, or a loss of $0.36 per share compared with net income of $1.4 million, or $0.02 per diluted share, in the prior year period, primarily reflecting significant year-over-year cost increases for inbound and outbound shipping, labor, and digital marketing. Adjusted net loss1 for the quarter was $21.0 million, or a loss of $0.32 per share, compared with adjusted net income1 of $1.5 million, or $0.02 per diluted share, in the prior year period.
  • Adjusted EBITDA1 for the quarter was a loss of $12.0 million, compared with adjusted EBITDA1 of $15.4 million in the prior year period.
  • Company provides revised full-year guidance including revenue growth of 3.0 percent to 5.0 percent, adjusted EBITDA in a range of $110.0 million-to-$115.0 million and adjusted EPS in a range of $0.55 -to- $0.60 per diluted share.

(1 Refer to “Definitions of Non-GAAP Financial Measures” and the tables attached at the end of this press release for a reconciliation of non-GAAP results to applicable GAAP results.)

JERICHO, N.Y.--(BUSINESS WIRE)--April 28, 2022--1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), today reported results for its fiscal 2022 third quarter ended March 27, 2022.

Chris McCann, CEO of 1-800-FLOWERS.COM, Inc., said, “Our results for the fiscal third quarter were below our expectations. A solid Valentine’s Day holiday for our 1-800-Flowers brand was offset by overall slower consumer demand for everyday gifting occasions throughout the period. These results reflected a continuation, and in some areas an escalation, of the macro-economic cost headwinds that we discussed back in January at the start of the quarter, combined with slower consumer demand reflecting growing consumer concerns with rapidly rising inflation and geopolitical unrest.


The following information was filed by 1 800 Flowers Com Inc (FLWS) on Thursday, April 28, 2022 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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1 800 Flowers Com Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Inside 1 800 Flowers Com Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Current Period Unaudited)
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Operations And Comprehensive Income (Loss) (Unaudited)
Condensed Consolidated Statements Of Stockholders' Equity (Unaudited)
Note 1 - Accounting Policies
Note 1 - Accounting Policies (Details Textual)
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 12 - Business Segments
Note 12 - Business Segments (Details Textual)
Note 12 - Business Segments (Tables)
Note 12 - Business Segments - Disaggregation Of Revenue From Contracts With Customers (Details)
Note 12 - Business Segments - Segment Performance (Details)
Note 13 - Leases
Note 13 - Leases (Tables)
Note 13 - Leases - Lease Costs (Details)
Note 13 - Leases - Maturities Of Lease Liabilities (Details)
Note 14 - Commitments And Contingencies
Note 14 - Commitments And Contingencies (Details Textual)
Note 15 - Accrued Expenses
Note 15 - Accrued Expenses (Tables)
Note 15 - Accrued Expenses - Accrued Expenses (Details)
Note 2 - Net Income (Loss) Per Common Share
Note 2 - Net Income (Loss) Per Common Share (Tables)
Note 2 - Net Income (Loss) Per Common Share - Basic And Diluted Net Income Per Common Share (Details)
Note 3 - Stock-Based Compensation
Note 3 - Stock-Based Compensation (Details Textual)
Note 3 - Stock-Based Compensation (Tables)
Note 3 - Stock-Based Compensation - Allocation Of Stock-Based Compensation To Operating Expenses (Details)
Note 3 - Stock-Based Compensation - Non-Vested Restricted Stock Activity (Details)
Note 3 - Stock-Based Compensation - Stock Option Activity (Details)
Note 3 - Stock-Based Compensation - Stock-Based Compensation Expense Recognized (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, Net
Note 5 - Inventory, Net (Tables)
Note 5 - Inventory, Net - Summary Of Inventory (Details)
Note 6 - Goodwill And Intangible Assets, Net
Note 6 - Goodwill And Intangible Assets, Net (Details Textual)
Note 6 - Goodwill And Intangible Assets, Net (Tables)
Note 6 - Goodwill And Intangible Assets, Net - Goodwill By Segment (Details)
Note 6 - Goodwill And Intangible Assets, Net - Other Intangible Assets (Details)
Note 7 - Investments
Note 7 - Investments (Details Textual)
Note 8 - Debt, Net
Note 8 - Debt, Net (Details Textual)
Note 8 - Debt, Net (Tables)
Note 8 - Debt, Net - Summary Of Current And Long-Term Debt (Details)
Note 9 - Property, Plant And Equipment
Note 9 - Property, Plant And Equipment (Tables)
Note 9 - Property, Plant And Equipment - Summary Of Property, Plant And Equipment (Details)
Significant Accounting Policies (Policies)

Material Contracts, Statements, Certifications & more

1 800 Flowers Com Inc provided additional information to their SEC Filing as exhibits

Ticker: FLWS
CIK: 1084869
Form Type: 10-Q Quarterly Report
Accession Number: 0001437749-22-011213
Submitted to the SEC: Fri May 06 2022 8:37:01 AM EST
Accepted by the SEC: Fri May 06 2022
Period: Sunday, March 27, 2022
Industry: Retail Stores

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