2024 Q2 Form 10-K Financial Statement

#000143774924028591 Filed on September 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024
Revenue $360.9M $1.831B
YoY Change -13.57% -9.24%
Cost Of Revenue $222.5M $1.097B
YoY Change -19.71% -12.99%
Gross Profit $138.4M $734.8M
YoY Change -1.44% -3.01%
Gross Profit Margin 38.35% 40.12%
Selling, General & Admin $138.2M $603.1M
YoY Change 4.41% -1.71%
% of Gross Profit 99.87% 82.08%
Research & Development $14.82M $60.24M
YoY Change -0.13% -0.75%
% of Gross Profit 10.71% 8.2%
Depreciation & Amortization $13.17M $53.75M
YoY Change -0.7% 0.15%
% of Gross Profit 9.52% 7.32%
Operating Expenses $166.2M $717.1M
YoY Change -26.15% -1.5%
Operating Profit -$27.82M $17.69M
YoY Change -67.14% -40.19%
Interest Expense -$1.649M -$10.62M
YoY Change -3.68% -2.95%
% of Operating Profit -60.05%
Other Income/Expense, Net $957.0K $6.793M
YoY Change -168.16% -943.85%
Pretax Income -$28.51M -$5.902M
YoY Change -67.52% -87.38%
Income Tax -$7.641M $203.0K
% Of Pretax Income
Net Earnings -$20.87M -$6.105M
YoY Change -70.61% -86.34%
Net Earnings / Revenue -5.78% -0.33%
Basic Earnings Per Share -$0.09
Diluted Earnings Per Share -$0.32 -$0.09
COMMON SHARES
Basic Shares Outstanding 64.59M
Diluted Shares Outstanding 64.59M

Balance Sheet

Concept 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $159.4M $159.4M
YoY Change 209.0% 25.73%
Cash & Equivalents $159.4M $159.4M
Short-Term Investments
Other Short-Term Assets $31.68M $31.68M
YoY Change -19.15% -8.39%
Inventory $176.6M $176.6M
Prepaid Expenses
Receivables $18.02M $18.02M
Other Receivables $0.00 $0.00
Total Short-Term Assets $385.7M $385.7M
YoY Change 20.74% 3.37%
LONG-TERM ASSETS
Property, Plant & Equipment $337.7M $337.7M
YoY Change 45.9% -6.0%
Goodwill $156.5M
YoY Change 2.06%
Intangibles $227.7M
YoY Change -16.36%
Long-Term Investments $2.400M $2.400M
YoY Change -31.43% -7.69%
Other Assets $36.45M $36.45M
YoY Change 47.44% 41.61%
Total Long-Term Assets $646.9M $646.9M
YoY Change -4.77% -4.63%
TOTAL ASSETS
Total Short-Term Assets $385.7M $385.7M
Total Long-Term Assets $646.9M $646.9M
Total Assets $1.033B $1.033B
YoY Change 3.39% -1.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $80.01M $80.01M
YoY Change 266.58% 52.14%
Accrued Expenses $137.8M $137.8M
YoY Change -6.72% -12.6%
Deferred Revenue $25.00M
YoY Change -40.05%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00M $10.00M
YoY Change -50.0% 0.0%
Total Short-Term Liabilities $227.8M $227.8M
YoY Change 11.08% 3.43%
LONG-TERM LIABILITIES
Long-Term Debt $177.1M $177.1M
YoY Change 38.25% -4.98%
Other Long-Term Liabilities $142.0M $142.0M
YoY Change 587.02% 0.12%
Total Long-Term Liabilities $319.1M $319.1M
YoY Change 114.47% -2.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $227.8M $227.8M
Total Long-Term Liabilities $319.1M $319.1M
Total Liabilities $566.3M $566.3M
YoY Change 11.74% -2.29%
SHAREHOLDERS EQUITY
Retained Earnings $265.0M
YoY Change -9.76%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $466.3M $466.3M
YoY Change
Total Liabilities & Shareholders Equity $1.033B $1.033B
YoY Change 3.39% -1.79%

Cashflow Statement

Concept 2024 Q2 2024
OPERATING ACTIVITIES
Net Income -$20.87M -$6.105M
YoY Change -70.61% -86.34%
Depreciation, Depletion And Amortization $13.17M $53.75M
YoY Change -0.7% 0.15%
Cash From Operating Activities -$5.052M $95.00M
YoY Change -95.81% -17.64%
INVESTING ACTIVITIES
Capital Expenditures $12.15M $38.63M
YoY Change 61.96% -13.47%
Acquisitions $3.672M
YoY Change -40.3%
Other Investing Activities -$3.672M -$3.672M
YoY Change -26.56% -40.61%
Cash From Investing Activities -$15.82M -$42.30M
YoY Change 26.56% -16.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$1.145M -$10.07M
YoY Change 712.35%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.645M -20.07M
YoY Change -27.42% -165.1%
NET CHANGE
Cash From Operating Activities -5.052M 95.00M
Cash From Investing Activities -15.82M -42.30M
Cash From Financing Activities -3.645M -20.07M
Net Change In Cash -24.52M 32.63M
YoY Change -82.25% -65.78%
FREE CASH FLOW
Cash From Operating Activities -$5.052M $95.00M
Capital Expenditures $12.15M $38.63M
Free Cash Flow -$17.20M $56.37M
YoY Change -86.57% -20.28%

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NetIncomeLoss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2024 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
19762000 usd
CY2023 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
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CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
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CY2024 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2024 us-gaap Amortization Of Financing Costs
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CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1834000 usd
CY2022 us-gaap Amortization Of Financing Costs
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CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1579000 usd
CY2024 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2024 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2024 us-gaap Increase Decrease In Accounts Receivable
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CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
597000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2024 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-14572000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
85047000 usd
CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2913000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-12554000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6731000 usd
CY2024 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6404000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6595000 usd
CY2024 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1317000 usd
CY2023 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
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CY2022 us-gaap Increase Decrease In Other Operating Capital Net
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CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5189000 usd
CY2024 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
21280000 usd
CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2024 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
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CY2023 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
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CY2022 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
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CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-42304000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2024 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1239000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2024 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2024 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
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CY2023 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
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CY2022 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
125000000 usd
CY2024 us-gaap Repayments Of Debt
RepaymentsOfDebt
92000000 usd
CY2023 us-gaap Repayments Of Debt
RepaymentsOfDebt
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CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
145000000 usd
CY2024 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2941000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
30820000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
32630000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
95342000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-142108000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
126807000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
31465000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
173573000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
159437000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
126807000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
31465000 usd
CY2024 us-gaap Interest Paid
InterestPaid
16300000 usd
CY2023 us-gaap Interest Paid
InterestPaid
12800000 usd
CY2022 us-gaap Interest Paid
InterestPaid
4600000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8000000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1400000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-8800000 usd
CY2024 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><b>Note <em style="font: inherit;">1.</em> Description of Business</b></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><em style="font: inherit;">1</em>-<em style="font: inherit;">800</em>-FLOWERS.COM, Inc. is a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships. The Company’s e-commerce business platform features our all-star family of brands, including: <em style="font: inherit;">1</em>-<em style="font: inherit;">800</em>-Flowers.com®, <em style="font: inherit;">1</em>-<em style="font: inherit;">800</em>-Baskets.com®, Cheryl’s Cookies®, Harry &amp; David®, PersonalizationMall.com®, Shari’s Berries®, FruitBouquets.com®, Things Remembered®, Moose Munch®, The Popcorn Factory®, Wolferman’s Bakery®, Vital Choice®, Scharffen Berger® and Simply Chocolate®. Through the Celebrations Passport® loyalty program, which provides members with free standard shipping and <em style="font: inherit;">no</em> service charge on eligible products across our portfolio of brands, <em style="font: inherit;">1</em>-<em style="font: inherit;">800</em>-FLOWERS.COM, Inc. strives to deepen relationships with customers. The Company also operates BloomNet®, an international floral and gift industry service provider offering a broad-range of products and services designed to help its members grow their businesses profitably; Napco℠, a resource for floral gifts and seasonal décor; DesignPac Gifts, LLC, a manufacturer of gift baskets and towers; Alice’s Table®, a lifestyle business offering fully digital on demand floral, culinary and other experiences to guests across the country and Card Isle®, an e-commerce greeting card service.</p>
CY2024 us-gaap Fiscal Period
FiscalPeriod
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><b><i>Fiscal Year</i></b></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">The Company’s fiscal year is a <em style="font: inherit;">52</em>- or <em style="font: inherit;">53</em>-week period ending on the Sunday nearest to <em style="font: inherit;"> June 30. </em>Fiscal years <em style="font: inherit;">2024</em> and <em style="font: inherit;">2023</em>, which ended on <em style="font: inherit;"> June 30, 2024</em> and <em style="font: inherit;"> July 2, 2023</em>, respectively, each consisted of <em style="font: inherit;">52</em> weeks. Fiscal year <em style="font: inherit;">2022,</em> which ended on <em style="font: inherit;"> July 3, 2022, </em>consisted of <em style="font: inherit;">53</em> weeks.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"> </p>
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><b><i>Use of Estimates</i></b></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"> </p>
CY2024 flws Prepaid Catalog Expenses Current
PrepaidCatalogExpensesCurrent
1500000 usd
CY2023 flws Prepaid Catalog Expenses Current
PrepaidCatalogExpensesCurrent
2400000 usd
CY2024Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
2400000 usd
CY2023Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
2600000 usd
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b><i>Concentration of Credit Risk</i></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents with high quality financial institutions, although bank deposits, at times, <em style="font: inherit;"> may </em>exceed federally insured limits. Concentration of credit risk with respect to accounts receivable is limited due to the Company's large number of customers and their dispersion throughout the United States, and the fact that a substantial portion of receivables are related to balances owed by major credit card companies. Allowances relating to consumer, corporate and franchise accounts receivable (<span style="background-color:#ffffff;">$2.8</span> million at <em style="font: inherit;"> June 30, 2024</em> and $5.8 million at <em style="font: inherit;"> July 2, 2023</em>) have been recorded based upon previous experience and management’s evaluation.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2800000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5800000 usd
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
33700000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
33100000 usd
CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
30800000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
30200000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
25000000 usd
CY2024 us-gaap Advertising Expense
AdvertisingExpense
283600000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
291900000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
347700000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-6105000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-44702000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
29610000 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64586000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64688000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64977000
CY2024 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
640000
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64586000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64688000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65617000
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.69
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.69
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2024Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
94590000 usd
CY2023Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
92582000 usd
CY2024Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
25849000 usd
CY2023Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
33818000 usd
CY2024Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
56152000 usd
CY2023Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
64934000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
176591000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
191334000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
213287000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
62287000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
153376000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
156537000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
40013000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
35270000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4743000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
39437000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
30784000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8653000 usd
CY2024Q2 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
111473000 usd
CY2024Q2 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
111473000 usd
CY2023Q3 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
131235000 usd
CY2023Q3 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
131235000 usd
CY2024Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
151486000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
35270000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
116216000 usd
CY2023Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
170672000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
30784000 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
139888000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4400000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4200000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3900000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2100000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1400000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
600000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
300000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
200000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
100000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
537289000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
526986000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
313500000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
292417000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
223789000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
234569000 usd
CY2024 us-gaap Depreciation
Depreciation
49300000 usd
CY2023 us-gaap Depreciation
Depreciation
49500000 usd
CY2022 us-gaap Depreciation
Depreciation
45200000 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
29954000 usd
CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
33927000 usd
CY2024Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
25009000 usd
CY2023Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
30811000 usd
CY2024Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
10709000 usd
CY2023Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
13679000 usd
CY2024Q2 flws Accrued Florist Payout
AccruedFloristPayout
9526000 usd
CY2023Q3 flws Accrued Florist Payout
AccruedFloristPayout
13437000 usd
CY2024Q2 flws Accrued Purchases Current
AccruedPurchasesCurrent
15338000 usd
CY2023Q3 flws Accrued Purchases Current
AccruedPurchasesCurrent
18351000 usd
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DebtAndCapitalLeaseObligations
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CY2024 us-gaap Income Tax Expense Benefit
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CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2024 flws Effective Income Tax Rate Reconciliation Tax Credits Percent
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CY2023 flws Effective Income Tax Rate Reconciliation Tax Credits Percent
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CY2024 flws Effective Income Tax Rate Reconciliation Enhanced Deductions Percent
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2024 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
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CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
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DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
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DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2023Q3 flws Deferred Tax Liabilities Operating Lease Rightofuse Asset
DeferredTaxLiabilitiesOperatingLeaseRightofuseAsset
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CY2024Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2023Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2024Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2023Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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DeferredTaxAssetsValuationAllowance
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
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UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2024 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2024 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2780000 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2024 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2024 us-gaap Allocated Share Based Compensation Expense
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2024 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
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CY2024Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
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CY2024 flws Defined Benefit Plan Participants Deferment Percentage Of Salary And Performance And Nonperformance Based Bonus
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RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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DepreciationAndAmortization
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DepreciationAndAmortization
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CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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RevenueFromContractWithCustomerExcludingAssessedTax
1831421000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2017853000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2207885000 usd
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
22775000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
22208000 usd
CY2024 us-gaap Variable Lease Cost
VariableLeaseCost
26326000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
24582000 usd
CY2024 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4144000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5307000 usd
CY2024 us-gaap Sublease Income
SubleaseIncome
999000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
988000 usd
CY2024 us-gaap Lease Cost
LeaseCost
52246000 usd
CY2023 us-gaap Lease Cost
LeaseCost
51109000 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
22699000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
21020000 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6799000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12040000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y10M24D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y8M12D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043 pure
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04 pure
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
21344000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20487000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17591000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16596000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
16017000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
52798000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
144833000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22456000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
122377000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16511000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
105866000 usd
CY2024 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
21800000 usd

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flws-20240630_cal.xml Edgar Link unprocessable
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