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Mar 31, 2024
1 800 FLOWERS Q3 2024 Earnings Report
Reported revenues of $379.4 million and net loss of $16.9 million, or $0.26 per share.
Key Takeaways
1-800-FLOWERS.COM, Inc. reported a 9.1% decrease in total consolidated revenues to $379.4 million compared to the prior year period. The company's gross profit margin improved by 300 basis points to 36.6%. They initiated a workforce reduction expected to yield $10.0 million in annualized cost savings, incurring $2.4 million in severance charges during the quarter. Net loss for the quarter was $16.9 million, or $0.26 per share.
Total consolidated revenues decreased 9.1% to $379.4 million.
Gross profit margin increased 300 basis points to 36.6%.
The company initiated a workforce reduction expected to yield $10.0 million in annualized cost savings.
Net loss for the quarter was $16.9 million, or $0.26 per share.
Revenue by Segment
Forward Guidance
The Company is reiterating its Fiscal 2024 guidance, including: total revenues on a percentage basis to decline in a range of 7% to 9%, as compared with the prior year; Adjusted EBITDA1 to be in a range of $95 million to $100 million; and Free Cash Flow1 to be in a range of $60 million to $65 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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