1-800-Flowers.com Files 2024 10-K
Ticker: FLWS · Form: 10-K · Filed: Sep 6, 2024 · CIK: 1084869
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
1-800-Flowers filed its 2024 10-K. Full financial picture inside.
AI Summary
1-800-Flowers.com, Inc. filed its 10-K for the fiscal year ending June 30, 2024. The company, headquartered in Jericho, NY, reported financial results and business operations. Key financial figures and operational details are presented in the filing, which also outlines the company's structure and any significant events or risks.
Why It Matters
This filing provides investors and the public with a comprehensive overview of 1-800-Flowers.com's financial health and strategic direction for the past fiscal year, influencing investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.
Key Numbers
- 10,000,000 — Shares Authorized (Represents the total number of shares the company is authorized to issue.)
- 58,792,695 — Total Assets (Indicates the total value of assets owned by the company as of the fiscal year end.)
- 32,348,221 — Total Liabilities (Represents the total amount of debt and other obligations the company owes.)
- 21,645,290 — Total Equity (Shows the net worth of the company, calculated as assets minus liabilities.)
Key Players & Entities
- 1 800 FLOWERS COM INC (company) — Filer
- 20240630 (date) — Fiscal Year End
- Jericho, NY (location) — Business Address
- 113117311 (organization_id) — IRS Number
FAQ
What was 1-800-Flowers.com's total revenue for the fiscal year ending June 30, 2024?
The provided snippet does not explicitly state the total revenue figure for the fiscal year ending June 30, 2024. Further review of the full 10-K document is required.
Did 1-800-Flowers.com experience any goodwill or intangible asset impairment during the fiscal year?
The filing references FASB standard http://fasb.org/us-gaap/2024#GoodwillAndIntangibleAssetImpairment, suggesting that goodwill and intangible assets are a relevant accounting area, but does not specify any impairment events in the provided text.
What is the purpose of the Non-qualified Deferred Compensation Plan (NQDC Plan)?
The NQDC Plan is established for certain members of senior management, allowing them to defer compensation. Assets are invested in mutual funds held in a 'rabbi trust' for future payment to participants.
How are trading securities held in the rabbi trust valued?
Trading securities held in the rabbi trust are measured using quoted market prices at the reporting date.
Where are the NQDC Plan assets and liabilities reported on the balance sheet?
Deferred compensation plan assets are included in the 'Other assets' line item, and the corresponding liability is included in the 'Other liabilities' line item in the consolidated balance sheets.
Filing Stats: 4,351 words · 17 min read · ~15 pages · Grade level 14 · Accepted 2024-09-06 09:30:04
Key Financial Figures
- $1.8 billion — nment. The Company generates more than $1.8 billion in revenue, operating in a total addres
- $130 billion — ting in a total addressable market of ~ $130 billion , with growing, market leading position
Filing Documents
- flws20240630_10k.htm (10-K) — 2739KB
- ex_717104.htm (EX-19.1) — 37KB
- ex_635641.htm (EX-21.1) — 6KB
- ex_635642.htm (EX-23.1) — 3KB
- ex_635643.htm (EX-31.1) — 13KB
- ex_635644.htm (EX-31.2) — 13KB
- ex_635645.htm (EX-32.1) — 7KB
- ex_717105.htm (EX-97.1) — 9KB
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- scharffenbergerlogo.jpg (GRAPHIC) — 5KB
- 0001437749-24-028591.txt ( ) — 12098KB
- flws-20240630.xsd (EX-101.SCH) — 76KB
- flws-20240630_cal.xml (EX-101.CAL) — 74KB
- flws-20240630_def.xml (EX-101.DEF) — 552KB
- flws-20240630_lab.xml (EX-101.LAB) — 492KB
- flws-20240630_pre.xml (EX-101.PRE) — 603KB
- flws20240630_10k_htm.xml (XML) — 2354KB
Business
Business 1 Item 1A.
Risk Factors
Risk Factors 9 Item 1B. Unresolved Staff Comments 17 Item 1C. Cybersecurity 18 Item 2.
Properties
Properties 19 Item 3.
Legal Proceedings
Legal Proceedings 19 Item 4. Mine Safety Disclosures 19 Part II . Item 5. Market for Registrant ' s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 20 Item 6. Reserved 22 Item 7. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 22 Item 7A.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 39 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 39 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 39 Item 9A.
Controls and Procedures
Controls and Procedures 39 Item 9B. Other Information 41 Item 9C. Disclosure R egarding F oreign J urisdictions That P revent I nspections 41 Part III. Item 10. Directors, Executive Officers and Corporate Governance 41 Item 11.
Executive Compensation
Executive Compensation 41 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 41 Item 13. Certain Relationships and Related Transactions, and Director Independence 41 Item 14. Principal Accounting Fees and Services 41 Part IV. Item 15. Exhibits and Financial Statement Schedules 42 Item 16. Form 10-K Summary 42
Signatures
Signatures 43 Table of Contents PART I Item 1.
BUSINESS
BUSINESS The Company 1-800-FLOWERS.COM, Inc. and its subsidiaries (collectively, the "Company") is a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships. The Company's e-commerce business platform features our all-star family of brands, including: 1-800-Flowers.com, 1-800-Baskets.com, Cheryl's Cookies, Harry & David, PersonalizationMall.com, Shari's Berries, FruitBouquets.com, Things Remembered, Moose Munch, The Popcorn Factory, Wolferman's Bakery, Vital Choice, Scharffen Berger, and Simply Chocolate. Through the Celebrations Passport loyalty program, which provides members with free standard shipping and no service charge on eligible products across our portfolio of brands, the Company strives to deepen relationships with customers. The Company also operates BloomNet, an international floral and gift industry service provider offering a broad range of products and services designed to help its members grow their businesses profitably; Napco, a resource for floral gifts and seasonal dcor; DesignPac Gifts, LLC, a manufacturer of gift baskets and towers; Alice's Table, a lifestyle business offering fully digital on demand floral, culinary and other experiences to guests across the country; and Card Isle, an e-commerce greeting card service. Shares in 1-800-FLOWERS.COM, Inc. are traded on the NASDAQ Global Select Market, ticker symbol: FLWS. References in this Annual Report on Form 10-K to "1-800-FLOWERS.COM" and the "Company" refer to 1-800-FLOWERS.COM, Inc. and its subsidiaries. The Company's principal offices are located at Two Jericho Plaza, Suite 200, Jericho, NY 11753 and its telephone number at that location is (516) 237-6000. Narrative Description of Business The Origins of 1-800-FLOWERS.COM The Company's operations began in 1976 when James F. McCann, the Company's founder and current Executive Chairman of the Board of Directors and Chief Executive Officer, acquired a single