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Oct 01, 2023
1 800 FLOWERS Q1 2024 Earnings Report
Reported fiscal 2024 first quarter results with revenues of $269.1 million and a net loss of $31.2 million.
Key Takeaways
1-800-FLOWERS.COM, Inc. reported its fiscal 2024 first-quarter results, with revenues of $269.1 million and a net loss of $31.2 million. The gross profit margin improved by 450 basis points to 37.9%, and the adjusted EBITDA loss improved by $5.5 million to $22.5 million compared to the prior year period. The company's performance was in line with expectations, benefiting from improving macro trends and efficiency initiatives.
Total consolidated revenues decreased 11.4% to $269.1 million.
Gross profit margin increased 450 basis points to 37.9%.
Net loss for the quarter was $31.2 million, or ($0.48) per share.
Adjusted EBITDA loss improved by $5.5 million to $22.5 million.
1 800 FLOWERS
1 800 FLOWERS
1 800 FLOWERS Revenue by Segment
Revenue by Segment
Gourmet Foods & Gifts Revenue
CapyFin.comConsumer Floral & Gifts Revenue
CapyFin.comBloomNet Revenue
CapyFin.com Forward Guidance
The Company expects revenues to remain pressured by a challenging consumer environment, but year-over-year trends to continue to improve during the holiday period and into the second half of the fiscal year. The Company also expects continued improvement in gross margin.
Revenue & Expenses
Visualization of income flow from segment revenue to net income