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1 800 Flowers Com Inc (FLWS) SEC Filing 10-K Annual Report for the fiscal year ending Sunday, July 3, 2022

1 800 Flowers Com Inc

CIK: 1084869 Ticker: FLWS
Exhibit 99.1


1-800-FLOWERS.COM, Inc. Reports Revenue Growth of 4.0 Percent To $2.21 Billion for its Fiscal 2022 Full Year

Full Year Highlights:

  • Total Net Revenues increased 4.0 percent to a record $2.21 billion, compared with $2.12 billion in the prior year.
  • Net Income was $29.6 million, or $0.45 per diluted share, compared with Net Income of $118.7 million, or $1.78 per diluted share, in the prior year period. Adjusted Net Income1 was $32.9 million, or $0.50 per diluted share, compared with $122.6 million, or $1.84 per diluted share, in the prior year.
  • Adjusted EBITDA1 was $99.0 million, compared with $213.1 million in the prior year, primarily reflecting significantly higher year-over-year cost increases in labor, shipping, commodities, and digital marketing.

Fourth Quarter Highlights:

  • Total Net Revenues were $485.9 million, compared with $487.0 million in the prior year period.
  • Net Loss was $22.3 million, or ($0.34) per share, compared with net income of $13.3 million, or $0.20 per diluted share, in the prior year period. Adjusted Net Loss1 was $21.8 million, or ($0.34) per share, compared with Adjusted Net Income1 of $13.3 million, or $0.20 per diluted share in the prior year period.
  • Adjusted EBITDA1 loss was $16.8 million, compared with Adjusted EBITDA1 of $30.2 million in the prior year period, primarily reflecting significantly higher year-over-year cost increases in labor, shipping, commodities, and digital marketing.

(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 (“Adjusted”) results to applicable GAAP results.)

JERICHO, N.Y.--(BUSINESS WIRE)--September 1, 2022--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 2022 fourth quarter and full year ended July 3, 2022.

Chris McCann, CEO of 1-800-FLOWERS.COM, Inc., said, “We finished our fiscal year 2022 with revenues essentially flat in our fourth quarter and full year revenues up 4.0 percent compared with the prior year, and up more than 75 percent compared with our fiscal 2019, prior to the pandemic. Our growth for the year illustrates our ability to retain and build on the gains we achieved over the past two years despite macroeconomic uncertainty and changes in consumer behavior. This reflects the healthy growth we have seen in our customer file combined with our expanded product offering and our ever-increasing focus on engaging with our customers through a combination of highly relevant content and unique experiences.


The following information was filed by 1 800 Flowers Com Inc (FLWS) on Thursday, September 1, 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-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 Income And Comprehensive Income
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 - 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 Per Common Share
Note 3 - Net Income Per Common Share (Tables)
Note 3 - Net Income Per Common Share - Basic And Diluted Net Income Per Common Share (Details)
Note 4 - Acquisition - Preliminary Allocation Of The Purchase Price To The Estimated Fair Values Of Assets Acquired And Liabilities Assumed (Details)
Note 4 - Acquisition - Pro Forma Information (Details)
Note 4 - Acquisitions
Note 4 - Acquisitions (Details Textual)
Note 4 - Acquisitions (Tables)
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: 0001437749-22-022580
Submitted to the SEC: Fri Sep 16 2022 11:49:07 AM EST
Accepted by the SEC: Fri Sep 16 2022
Period: Sunday, July 3, 2022
Industry: Retail Stores

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