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Apr 02, 2023
1 800 FLOWERS Q3 2023 Earnings Report
1-800-FLOWERS.COM reported Q3 2023 results with net revenues of $417.6 million and a net loss of $71.0 million.
Key Takeaways
1-800-FLOWERS.COM, Inc. reported a decrease in total consolidated revenues by 11.1% to $417.6 million compared to the prior year period. The company's net loss for the quarter was $71.0 million, or $1.10 per share, which includes an after-tax non-cash goodwill and intangible assets impairment charge of $53.1 million or $0.82 per share. Adjusted EBITDA loss improved to $5.5 million, compared with an Adjusted EBITDA loss of $12.0 million in the prior year period.
Total consolidated revenues decreased 11.1% to $417.6 million.
Gross profit margin increased 80 basis points to 33.6%.
Net loss for the quarter was $71.0 million, or $1.10 per share, including an after-tax non-cash goodwill and intangible assets impairment charge of $53.1 million or $0.82 per share.
Adjusted EBITDA loss improved to $5.5 million, compared with an Adjusted EBITDA loss of $12.0 million in the prior year period.
Revenue by Segment
Forward Guidance
The Company expects total revenues to decline approximately 8% as compared with the prior year; adjusted EBITDA to be in a range of $85 million to $90 million; and Free Cash Flow to exceed $75 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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