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Jul 02, 2023
1 800 FLOWERS Q4 2023 Earnings Report
Reported fourth quarter and year-end results for fiscal year 2023.
Key Takeaways
1-800-FLOWERS.COM reported a decrease in total consolidated revenues by 17.9% to $398.8 million for the fourth quarter of fiscal year 2023. The net loss for the quarter was $22.5 million, or ($0.35) per share, and the adjusted EBITDA was a loss of $6.6 million.
Total consolidated revenues decreased 17.9% to $398.8 million.
Gross profit margin increased 340 basis points to 37.1%.
Net loss for the quarter was $22.5 million, or ($0.35) per share.
Adjusted EBITDA for the quarter was a loss of $6.6 million, improving $10.2 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.comCorporate Revenue
CapyFin.com Forward Guidance
For fiscal 2024, the Company expects revenues to remain pressured by a challenging consumer environment early in the year, but then rebound 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