1 800 FLOWERS COM INC
For the period ended Dec 29, 2024. Filed Jan 31, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 29, 2024 · Filed Jan 31, 2025
FLWS$2.73-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
1-800-FLOWERS.COM, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(in thousands, except for share data)
| December 29, 2024 | June 30, 2024 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $247,220 | $159,437 |
| Trade receivables, net | 61,352 | 18,024 |
| Inventories | 157,438 | 176,591 |
| Prepaid and other | 26,884 | 31,680 |
| Total current assets | 492,894 | 385,732 |
| Property, plant and equipment, net | 223,178 | 223,789 |
| Operating lease right-of-use assets | 110,455 | 113,926 |
| Goodwill | 156,648 | 156,537 |
| Other intangibles, net | 115,079 | 116,216 |
| Other assets | 39,516 | 36,448 |
| Total assets | $1,137,770 | $1,032,648 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $113,588 | $80,005 |
| Accrued expenses | 193,558 | 121,303 |
| Current maturities of long-term debt | - | 10,000 |
| Current portion of long-term operating lease liabilities | 18,490 | 16,511 |
| Total current liabilities | 325,636 | 227,819 |
| Long-term debt, net | 157,474 | 177,113 |
| Long-term operating lease liabilities | 102,038 | 105,866 |
| Deferred tax liabilities, net | 17,905 | 19,402 |
| Other liabilities | 39,610 | 36,106 |
| Total liabilities | 642,663 | 566,306 |
| Commitments and contingencies (See Note 13) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued | - | - |
| Class A common stock, $0.01 par value, 200,000,000 shares authorized, 59,281,253 and 58,792,695 shares issued at December 29, 2024 and June 30, 2024, respectively | 593 | 588 |
| Class B common stock, $0.01 par value, 200,000,000 shares authorized, 32,348,221 shares issued at December 29, 2024 and June 30, 2024 | 323 | 323 |
| Additional paid-in capital | 405,450 | 399,165 |
| Retained earnings | 295,136 | 264,978 |
| Accumulated other comprehensive loss | (127) | (127) |
| Treasury stock, at cost, 22,596,217 and 21,645,290 Class A shares at December 29, 2024 and June 30, 2024, respectively and 5,280,000 Class B shares at December 29, 2024 and June 30, 2024 | (206,268) | (198,585) |
| Total stockholders’ equity | 495,107 | 466,342 |
| Total liabilities and stockholders’ equity | $1,137,770 | $1,032,648 |
1-800-FLOWERS.COM, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except for per share data)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| December 29, | December 31, | December 29, | December 31, | |
| 2024 | 2023 | 2024 | 2023 | |
| Net revenues | $775,492 | $822,054 | $1,017,582 | $1,091,104 |
| Cost of revenues (excludes depreciation and amortization) | 439,899 | 466,357 | 589,670 | 633,479 |
| Gross profit | 335,593 | 355,697 | 427,912 | 457,625 |
| Operating expenses: | ||||
| Marketing and sales | 187,003 | 188,557 | 269,100 | 271,075 |
| Technology and development | 15,973 | 14,822 | 31,612 | 30,126 |
| General and administrative | 27,410 | 27,154 | 55,936 | 55,643 |
| Depreciation and amortization | 14,130 | 14,152 | 27,168 | 27,346 |
| Intangible impairment | - | 19,762 | - | 19,762 |
| Total operating expenses | 244,516 | 264,447 | 383,816 | 403,952 |
| Operating income | 91,077 | 91,250 | 44,096 | 53,673 |
| Interest expense, net | 4,396 | 4,611 | 7,756 | 8,093 |
| Other income, net | (1,164) | (2,736) | (2,931) | (2,262) |
| Income before income taxes | 87,845 | 89,375 | 39,271 | 47,842 |
| Income tax expense | 23,497 | 26,468 | 9,113 | 16,177 |
| Net income and comprehensive net income | 64,348 | 62,907 | 30,158 | 31,665 |
| Basic net income per common share | $1.01 | $0.97 | $0.47 | $0.49 |
| Diluted net income per common share | $1.00 | $0.97 | $0.47 | $0.49 |
| Weighted average shares used in the calculation of net income per common share: | ||||
| Basic | 63,836 | 64,835 | 64,017 | 64,814 |
| Diluted | 64,306 | 65,177 | 64,501 | 65,155 |
1-800-FLOWERS.COM, Inc. and Subsidiaries
Condensed Consolidated Statements of Stockholders' Equity
(in thousands, except share data)
| Accumulated | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Additional · Other · Total | ||||||||||
| Class A · Class B · Paid-in · Retained · Comprehensive · Treasury Stock · Stockholders’ | ||||||||||
| Shares | Amount | Shares | Amount | Capital | Earnings | Loss | Shares | Amount | Equity | |
| Balance at September 29, 2024 | 58,798,430 | $588 | 32,348,221 | $323 | $401,685 | $230,788 | $(127) | 27,085,703 | $(199,840) | $433,417 |
| Net income | - | - | - | - | - | 64,348 | - | - | - | 64,348 |
| Stock-based compensation | 466,301 | 5 | - | - | 3,624 | - | - | - | - | 3,629 |
| Exercise of stock options | 16,522 | - | - | - | 141 | - | - | - | - | 141 |
| Acquisition of Class A treasury stock | - | - | - | - | - | - | - | 790,514 | (6,428) | (6,428) |
| Balance at December 29, 2024 | 59,281,253 | $593 | 32,348,221 | $323 | $405,450 | $295,136 | $(127) | 27,876,217 | $(206,268) | $495,107 |
| Balance at October 1, 2023 | 58,309,547 | $583 | 32,348,221 | $323 | $390,579 | $239,841 | $(170) | 25,856,358 | $(188,265) | $442,891 |
| Net income | - | - | - | - | - | 62,907 | - | - | - | 62,907 |
| Stock-based compensation | 429,312 | 5 | - | - | 2,226 | - | - | - | - | 2,231 |
| Exercise of stock options | 5,110 | - | - | - | 44 | - | - | - | - | 44 |
| Acquisition of Class A treasury stock | - | - | - | - | - | - | - | 512,978 | (4,713) | (4,713) |
| Balance at December 31, 2023 | 58,743,969 | $588 | 32,348,221 | $323 | $392,849 | $302,748 | $(170) | 26,369,336 | $(192,978) | $503,360 |
1-800-FLOWERS.COM, Inc. and Subsidiaries
Condensed Consolidated Statements of Stockholders' Equity
(in thousands, except share data)
| Accumulated | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Additional · Other · Total | ||||||||||
| Class A · Class B · Paid-in · Retained · Comprehensive · Treasury Stock · Stockholders’ | ||||||||||
| Shares | Amount | Shares | Amount | Capital | Earnings | Loss | Shares | Amount | Equity | |
| Balance at June 30, 2024 | 58,792,695 | $588 | 32,348,221 | $323 | $399,165 | $264,978 | $(127) | 26,925,290 | $(198,585) | $466,342 |
| Net income | - | - | - | - | - | 30,158 | - | - | - | 30,158 |
| Stock-based compensation | 467,301 | 5 | - | - | 6,103 | - | - | - | - | 6,108 |
| Exercise of stock options | 21,257 | - | - | - | 182 | - | - | - | - | 182 |
| Acquisition of Class A treasury stock | - | - | - | - | - | - | - | 950,927 | (7,683) | (7,683) |
| Balance at December 29, 2024 | 59,281,253 | $593 | 32,348,221 | $323 | $405,450 | $295,136 | $(127) | 27,876,217 | $(206,268) | $495,107 |
| Balance at July 2, 2023 | 58,273,747 | $583 | 32,348,221 | $323 | $388,215 | $271,083 | $(170) | 25,845,875 | $(188,191) | $471,843 |
| Net income | - | - | - | - | - | 31,665 | - | - | - | 31,665 |
| Stock-based compensation | 465,112 | 5 | - | - | 4,590 | - | - | - | - | 4,595 |
| Exercise of stock options | 5,110 | - | - | - | 44 | - | - | - | - | 44 |
| Acquisition of Class A treasury stock | - | - | - | - | - | - | - | 523,461 | (4,787) | (4,787) |
| Balance at December 31, 2023 | 58,743,969 | $588 | 32,348,221 | $323 | $392,849 | $302,748 | $(170) | 26,369,336 | $(192,978) | $503,360 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.