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Jun 30, 2024
1 800 FLOWERS Q4 2024 Earnings Report
1 800 FLOWERS reported Q4 2024 results with revenue decreasing and a net loss recorded.
Key Takeaways
1-800-FLOWERS.COM, Inc. reported a decrease in total consolidated revenues by 9.5% to $360.9 million for the fourth quarter of fiscal year 2024. The company experienced a net loss of $20.9 million, or ($0.32) per share, which was slightly better compared to the prior year period. Despite the revenue decline, the gross profit margin increased by 130 basis points to 38.4% due to lower freight and commodity costs, and logistics optimization efforts.
Total consolidated revenues decreased by 9.5% to $360.9 million.
Gross profit margin increased by 130 basis points to 38.4%.
Net loss for the quarter was $20.9 million, or ($0.32) per share.
Adjusted EBITDA loss for the quarter was $8.8 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 Year 2025, the Company expects total revenues to be in a range of flat to a decrease in the low-single digits, Adjusted EBITDA to be in a range of $85 million to $95 million, and Free Cash Flow to be in a range of $45 million to $55 million.
Positive Outlook
- Revenue trends are expected to improve as the fiscal year progresses.
- The company's Relationship Innovation initiatives have expanded product offerings.
- The company has broadened price points.
- The company has enhanced the user experience.
- Increased marketing spend is planned.
Challenges Ahead
- Sustained challenging consumer environment is expected.
- Guidance assumes increased incentive compensation expense.
- Total revenues are expected to be in a range of flat to a decrease in the low-single digits.
- Uncertain consumer environment
- Discretionary consumer spending impacted
Revenue & Expenses
Visualization of income flow from segment revenue to net income