1-800-Flowers.com Q1 Earnings Show Slight Loss
Ticker: FLWS · Form: 10-Q · Filed: Nov 1, 2024 · CIK: 1084869
Sentiment: bearish
Topics: earnings, financials, 10-Q
TL;DR
FLWS Q1: Sales $58.8M, Net Loss $0.01/share. Assets $200M, Liabs $32.3M.
AI Summary
1-800-Flowers.com, Inc. filed its 10-Q for the period ending September 29, 2024. The company reported total assets of $200 million and total liabilities of $32.3 million. Net sales for the period were $58.8 million, with a net loss of $0.01 per share.
Why It Matters
This filing provides insight into the financial health and performance of 1-800-Flowers.com, Inc. during its first fiscal quarter of 2025, impacting investor confidence and stock valuation.
Risk Assessment
Risk Level: medium — The company reported a net loss, indicating potential financial challenges that could affect its future performance.
Key Numbers
- $58.8B — Net Sales (Represents the total revenue generated during the first fiscal quarter of 2025.)
- $200.0B — Total Assets (Indicates the total resources owned by the company as of the end of the reporting period.)
- $32.3B — Total Liabilities (Shows the total obligations of the company at the end of the reporting period.)
- $0.01 — Net Loss Per Share (Reflects the company's profitability on a per-share basis for the quarter.)
Key Players & Entities
- 1 800 FLOWERS COM INC (company) — Filer
- 20240929 (date) — Reporting Period End Date
- $200,000,000 (dollar_amount) — Total Assets
- $32,348,221 (dollar_amount) — Total Liabilities
- $58,798,430 (dollar_amount) — Net Sales
- $0.01 (dollar_amount) — Net Loss Per Share
FAQ
What were 1-800-Flowers.com's net sales for the quarter ending September 29, 2024?
Net sales for the quarter ending September 29, 2024, were $58,798,430.
What was the company's net loss per share for the reported period?
The company reported a net loss of $0.01 per share for the period.
What were the total assets of 1-800-Flowers.com as of September 29, 2024?
Total assets amounted to $200,000,000 as of September 29, 2024.
What were the total liabilities of the company on September 29, 2024?
Total liabilities were $32,348,221 on September 29, 2024.
What is the fiscal year end for 1-800-Flowers.com?
The fiscal year end for 1-800-Flowers.com is June 29.
Filing Stats: 4,509 words · 18 min read · ~15 pages · Grade level 15 · Accepted 2024-11-01 13:27:13
Filing Documents
- flws20240930_10q.htm (10-Q) — 1344KB
- ex_720638.htm (EX-31.1) — 13KB
- ex_720639.htm (EX-31.2) — 13KB
- ex_720640.htm (EX-32.1) — 6KB
- qlinearlogforcover20percent.jpg (GRAPHIC) — 21KB
- 0001437749-24-032937.txt ( ) — 5723KB
- flws-20240929.xsd (EX-101.SCH) — 43KB
- flws-20240929_cal.xml (EX-101.CAL) — 43KB
- flws-20240929_def.xml (EX-101.DEF) — 279KB
- flws-20240929_lab.xml (EX-101.LAB) — 259KB
- flws-20240929_pre.xml (EX-101.PRE) — 310KB
- flws20240930_10q_htm.xml (XML) — 966KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 31 Item 4.
Controls and Procedures
Controls and Procedures 31 Part II. Other Information 32 Item 1.
Legal Proceedings
Legal Proceedings 32 Item 1A.
Risk Factors
Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33 Item 3. Defaults upon Senior Securities 33 Item 4. Mine Safety Disclosures 33 Item 5. Other Information 33 Item 6. Exhibits 34
Signatures
Signatures 35 Table of Contents
– FINANCIAL INFORMATION
PART I. – FINANCIAL INFORMATION
– CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
ITEM 1. – CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1-800-FLOWERS.COM, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (in thousands, except for share data) September 29, 2024 June 30, 2024 (unaudited) Assets Current assets: Cash and cash equivalents $ 8,407 $ 159,437 Trade receivables, net 41,024 18,024 Inventories 275,323 176,591 Prepaid and other 60,960 31,680 Total current assets 385,714 385,732 Property, plant and equipment, net 225,239 223,789 Operating lease right-of-use assets 112,926 113,926 Goodwill 156,648 156,537 Other intangibles, net 115,531 116,216 Other assets 38,566 36,448 Total assets $ 1,034,624 $ 1,032,648 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 63,732 $ 80,005 Accrued expenses 128,926 121,303 Current maturities of long-term debt 57,500 10,000 Current portion of long-term operating lease liabilities 16,836 16,511 Total current liabilities 266,994 227,819 Long-term debt, net 172,293 177,113 Long-term operating lease liabilities 104,398 105,866 Deferred tax liabilities, net 18,794 19,402 Other liabilities 38,728 36,106 Total liabilities 601,207 566,306 Commitments and contingencies (See Note 14 ) 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, 58,798,430 and 58,792,695 shares issued at September 29, 2024 and June 30, 2024, respectively 588 588 Class B common stock, $ 0.01 par value, 200,000,000 shares authorized, 32,348,221 shares issued at September 29, 2024 and June 30, 2024 323 323 Additional paid-in capital 401,685 399,165 Retained earnings 230,788 264,978 Accumulated other comprehensive loss ( 127 ) ( 127 ) Treasury stock, at cost, 21,805,703 and 21,645,290 Class A shares at September 29, 2024 and June 30, 2024, respectively and 5,280,000 Class B shares at September