1-800-FLOWERS.COM, Inc. announced its Fiscal 2026 Second Quarter results with total consolidated revenues of $702.2 million, a 9.5% decrease from the prior year. Despite the revenue decline, net income increased to $70.6 million, or $1.10 per diluted share, up from $64.3 million, or $1.00 per share, in the prior year period. Adjusted EBITDA for the quarter was $98.1 million, an increase from $93.973 million in the prior year period, excluding restructuring costs/severance.
Total consolidated revenues decreased by 9.5% to $702.2 million, primarily due to a strategic shift towards improving marketing effectiveness and profitability.
Net income for the quarter increased to $70.6 million, or $1.10 per diluted share, compared to $64.3 million, or $1.00 per share, in the prior year period.
Adjusted EBITDA for the quarter was $98.1 million, reflecting a 15.6% decrease from $116.278 million in the prior year period, but an increase from the reported EBITDA of $93.973 million when excluding restructuring costs/severance.
Operating expenses decreased by $23.4 million to $221.1 million, driven by lower marketing and labor costs, with a $25.9 million decline excluding non-recurring charges and NQDC plan impact.
For the second half of Fiscal Year 2026, the Company anticipates a low double-digit decline in revenue, but expects Adjusted EBITDA to increase slightly year over year on a normalized basis, driven by ongoing cost-optimization and organizational-streamlining efforts.
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