FLWS 10-K & 10-Q changes, risk factors and insider trading
1 800 Flowers.com Inc. · Nasdaq · Retail-Retail Stores, Nec · CIK 1084869 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Risk Factors
Not available: the section could not be located automatically in both filings (non-standard layout or incorporated by reference). See the original filing. Open the filing on SEC.gov.
Management's Discussion & Analysis (MD&A)
Removed heading “Acquisition of Things Remembered”
Largest changes
see in full comparisonDuringIn fiscal 2025, during thethirdquarterofendedfiscalMarch2023,30, 2025, the Company evaluated whether events or circumstances had changed such that itwould indicate itwas more likely than not that the fair value of its goodwill,intangiblesintangibles, and other long-lived assetsof the Gourmet Foods & Gift Baskets reporting units fair valueswere less than their carrying amounts. Afterconsideringconsiderationthe continuing pressures on consumer discretionary spending, ongoing geopolitical events, theof currentinflationaryoperating results, changes in macro-economic conditions,relatedandcostainputdeclineheadwinds that have negatively impactedin the Company’sgrossmarketmargins, and resulting downward revisions to its forecast,capitalization, the Company concluded that a triggering event had occurred that required an interim impairment assessment of goodwill, intangibles, and other long-lived assets for itsGourmetConsumerFoodsFloral &Gift BasketsGifts reporting unit. As such, the Company performed an impairment test of the reporting unit’s goodwill, intangibles and long-lived assets as ofAprilMarch2,30,2023,2025, and recorded a non-cashadjustmentgoodwill and intangible impairment charge of $138.2 million, comprised of $113.4 million related tofullygoodwillimpairand $24.8 million attributable to therelatedPersonalizationgoodwillMalloftradename$62.3(indefinite-livedmillion,intangible asset). The Company concluded that definite-lived andpartiallyotherimpairedlong-livedcertainassetstradenames totaling $2.3 million withinof the reporting unit–wereSeenotNoteimpaired.7In–theGoodwillfourth quarter of fiscal 2025, the Company recorded an immaterial adjustment of $5.6 million to increase the previously recognized non-cash goodwill impairment charge. The adjustment was the result of a change in the estimated allocation of the impairment charge between goodwill that is deductible andOthernon-deductibleIntangibles,forNettaxin Item 15.purposes.
“In fiscal 2024, during the quarter ended December 31, 2023, as a result of a decline in the actual and projected revenue for the Company’s Personalization Mall tradename (indefinite-lived intangible asset), as well as a higher discount rate resulting from the higher interest rate environment, the Company determined that an impairment assessment was required for this tradename. …”see in full comparison
“Fiscal 2025 was a challenging year from a top and bottom line perspective. The broader macro-economic conditions have continued to impact our consumers. We have seen consumer confidence and sentiment decline in response to various uncertainties, including potential tariff impacts on inflation, a softening labor market, and shifting economic policies.”see in full comparison
During the quarter ended Marchsee in full comparison30,29,2025,2026, the Company evaluated whether events or circumstances had changed such that it was more likely than not that the fair value of its goodwill,intangibles,intangibles and other long-lived assets were less than their carrying amounts. After consideration ofthencurrentcurrentand projected operating results, changes in macro-economic conditions, and a decline in the Company’s market capitalization, the Company concluded that a triggering event had occurred that required an interim impairment assessment of the goodwill, intangibles and other long-lived assets for its Consumer Floral & Gifts reportingunit. As such, the Company performed an impairment test of the reporting unit’s goodwill, intangibles and long-lived assetsunit as of March30,29,2025,2026.andBased on the impairment assessment performed, the Company recorded a non-cash goodwill and intangible impairment charge of$138.2$45.2 million, comprised of$113.4$34.6 millionrelatedattributable to the Consumer Floral & Gifts reporting unit's goodwill and$24.8$10.6 million attributable to the Personalization Mall tradename (indefinite-lived intangible asset).within the same reporting unit. The Company concluded that definite-lived and other long-lived assets of the reporting unit were not impaired.In the fourth quarter of fiscal 2025, the Company recorded an immaterial adjustment of $5.6 million to increase the previously recognized non-cash goodwill impairment charge. The adjustment was the result of a change in the estimated allocation of the impairment charge between goodwill that is deductible and non-deductible for tax purposes.
“During fiscal 2025, the Company recorded a non-cash goodwill impairment charge of $119.0 million related to the Company’s Consumer Floral & Gifts reporting unit. The goodwill was written down to its respective fair value resulting in zero excess fair value over carrying amount as of the impairment test date, resulting in a risk of future impairments if any assumptions (including changes in segments), estimates, or market factors change in the future. The carrying value of the Company’s Consumer Floral & Gifts reporting unit as of June 29, 2025, is $34.6 million.”see in full comparison
Net cashsee in full comparisonusedprovidedforby operating activities of$26.4$18.3 million for fiscal20252026 was primarily attributable tousestheofnetcashloss during the period, adjusted by non-cash charges for goodwill and intangible impairment, depreciation and amortization and stock based compensation, combined with changes in workingcapital purposes,capital, comprised of decreases inaccounts payable and accrued expenses and increases in trade receivables andinventories, prepaid andother.other, trade receivables, and other assets and other liabilities.
Full comparison: every changed paragraph (95)
The Company is a leading provider of giftsthoughtful expressions designed to help inspire customers to give more, connect more, and build more and better relationships. See Item 1 in Part I for a detailed description of the Company’s business.
The Company operates in the following three business segments: Consumer Floral & Gifts, Gourmet Foods & Gift Baskets, and BloomNet. The Consumer Floral & Gifts segment includes the operations of the Company’s flagship brand, 1-800-Flowers.com, Personalization Mall, Things Remembered, FruitBouquets.com, Flowerama and Alice’s Table,Flowerama, while the Gourmet Foods & Gift Baskets segment includes the operations of Harry & David, Wolferman’s Bakery, Vital Choice, Moose Munch, Cheryl’s Cookies, Mrs. Beasley’s, The Popcorn Factory, DesignPac, 1-800-Baskets.com, Simply Chocolate, Shari’s Berries, and Scharffen Berger. The BloomNet segment includes the operations of BloomNet, Napco, and Card Isle.
Fiscal 2026 was a year of meaningful progress as the Company strengthened the foundation of the business and positioned the Company for its next phase of transformation. Throughout the year, the Company strengthened the leadership team, began to modernize its digital and marketing capabilities, simplified its operations, and became a more customer-first, data driven organization. These actions strengthened the foundation of the business and better positioned the Company to drive sustainable, profitable growth over the long term.
During fiscal 2026, net revenues decreased by $182.1 million, or 10.8%, to $1,503.5 million, compared to fiscal 2025, primarily due to a focus on marketing effectiveness and profitability over near-term revenue growth, offset in part by increased wholesale volume.
Fiscal 2025 was a challenging year from a top and bottom line perspective. The broader macro-economic conditions have continued to impact our consumers. We have seen consumer confidence and sentiment decline in response to various uncertainties, including potential tariff impacts on inflation, a softening labor market, and shifting economic policies.
During fiscal 2025, net revenues decreased by $145.8 million, or 8.0%, to $1,685.7 million, compared to fiscal 2024, primarily due to continued slowing demand for everyday gifting occasions as discretionary income remains under pressure and consumers continue to moderate their spending. In addition, the Company experienced a highly promotional consumer environment during the holidays.
Gross margins declined throughoutin thefiscal year,2026, ending at 38.7%38.0%; a 140-basis70-basis point decrease over fiscal 2024,2025, primarily due to higherdeleveraging on the sales decline, partially offset by the Company’s cost of merchandisereduction and deleveragingoperational ofefficiency fixed costs.initiatives.
Net loss was $200.0$134.8 million, compared with a net loss of $6.1$200.0 million in fiscal 2024.2025. Adjusted EBITDA for fiscal 20252026 was $29.2$2.9 million, compared with $93.1$29.2 million in fiscal 2024,2025, reflecting a decline in Adjusted EBITDA of $63.9 million,EBITDA, driven by lower sales,sales and reduced gross marginmargin, andoffset increasedin part by decreases in advertising costs (See Reconciliation of net loss to adjusted EBITDA (non-GAAP) below).
During the quarter ended March 30,29, 2025,2026, the Company evaluated whether events or circumstances had changed such that it was more likely than not that the fair value of its goodwill, intangibles,intangibles and other long-lived assets were less than their carrying amounts. After consideration of thencurrent currentand projected operating results, changes in macro-economic conditions, and a decline in the Company’s market capitalization, the Company concluded that a triggering event had occurred that required an interim impairment assessment of the goodwill, intangibles and other long-lived assets for its Consumer Floral & Gifts reporting unit. As such, the Company performed an impairment test of the reporting unit’s goodwill, intangibles and long-lived assetsunit as of March 30,29, 2025,2026. andBased on the impairment assessment performed, the Company recorded a non-cash goodwill and intangible impairment charge of $138.2$45.2 million, comprised of $113.4$34.6 million relatedattributable to the Consumer Floral & Gifts reporting unit's goodwill and $24.8$10.6 million attributable to the Personalization Mall tradename (indefinite-lived intangible asset). within the same reporting unit. The Company concluded that definite-lived and other long-lived assets of the reporting unit were not impaired. In the fourth quarter of fiscal 2025, the Company recorded an immaterial adjustment of $5.6 million to increase the previously recognized non-cash goodwill impairment charge. The adjustment was the result of a change in the estimated allocation of the impairment charge between goodwill that is deductible and non-deductible for tax purposes.
In fiscal 2024, during the quarter ended December 31, 2023, as a result of a decline in the actual and projected revenue for the Company’s Personalization Mall tradename, as well as a higher discount rate resulting from the higher interest rate environment, the Company determined that an impairment assessment was required for this tradename. This assessment resulted in the Company recording a non-cash impairment charge of $19.8 million to reduce the recorded carrying value of the Personalization Mall tradename.
DuringIn fiscal 2025, during the third quarter ofended fiscalMarch 2023,30, 2025, the Company evaluated whether events or circumstances had changed such that it would indicate it was more likely than not that the fair value of its goodwill, intangiblesintangibles, and other long-lived assets of the Gourmet Foods & Gift Baskets reporting units fair values were less than their carrying amounts. After consideringconsideration the continuing pressures on consumer discretionary spending, ongoing geopolitical events, theof current inflationaryoperating results, changes in macro-economic conditions, relatedand costa inputdecline headwinds that have negatively impactedin the Company’s grossmarket margins, and resulting downward revisions to its forecast,capitalization, the Company concluded that a triggering event had occurred that required an interim impairment assessment of goodwill, intangibles, and other long-lived assets for its GourmetConsumer FoodsFloral & Gift BasketsGifts reporting unit. As such, the Company performed an impairment test of the reporting unit’s goodwill, intangibles and long-lived assets as of AprilMarch 2,30, 2023,2025, and recorded a non-cash adjustmentgoodwill and intangible impairment charge of $138.2 million, comprised of $113.4 million related to fullygoodwill impairand $24.8 million attributable to the relatedPersonalization goodwillMall oftradename $62.3(indefinite-lived million,intangible asset). The Company concluded that definite-lived and partiallyother impairedlong-lived certainassets tradenames totaling $2.3 million withinof the reporting unit –were Seenot Noteimpaired. 7In –the Goodwillfourth quarter of fiscal 2025, the Company recorded an immaterial adjustment of $5.6 million to increase the previously recognized non-cash goodwill impairment charge. The adjustment was the result of a change in the estimated allocation of the impairment charge between goodwill that is deductible and Othernon-deductible Intangibles,for Nettax in Item 15.purposes.
In fiscal 2024, during the quarter ended December 31, 2023, as a result of a decline in the actual and projected revenue for the Company’s Personalization Mall tradename (indefinite-lived intangible asset), as well as a higher discount rate resulting from the higher interest rate environment, the Company determined that an impairment assessment was required for this tradename. This assessment resulted in the Company recording a non-cash impairment charge of $19.8 million to reduce the recorded carrying value of the Personalization Mall tradename - see Note 7 – Goodwill, trademarks with indefinite lives and other intangibles, net in Item 15.
Acquisition of Things Remembered
On January 10, 2023, the Company completed its acquisition of certain assets of the Things Remembered brand, a provider of personalized gifts, whose operations have been integrated within the PersonalizationMall.com brand, in the Consumer Floral & Gifts segment. The Company used cash on its balance sheet to fund the $5.0 million purchase, which included intellectual property, a customer list, certain inventory, and equipment. The acquisition did not include Things Remembered retail stores. Things Remembered’s annual revenues from its e-commerce operations, based on its most recently available unaudited financial information at the time of the acquisition was $30.4 million for the twelve months ended November 30, 2022 – see Note 4 – Acquisitions in Item 15.
Fiscal 2026
The Company is approaching fiscal 2026 as a pivotal period of foundation setting. By transforming the Company into a customer-centric, data-driven organization with clear objectives and return on investment-focused decision making, the Company aims to position itself to support its multi-year Celebrations strategy and fuel future growth.
The Company's strategic priorities are focused on positioning the organization for long-term growth. These priorities include:
•driving cost savings and organizational efficiency,
•building a customer-centric and data-driven organization,
•broadening our reach beyond our e-commerce sites into new channels, and
•strengthening our team through enhanced talent and accountability.
With a renewed commitment to agility and customer-centricity, the Company believes these foundational steps will set the stage for sustainable revenue and profit growth in the years to come.
We define EBITDA as net income (loss) before interest, taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA adjusted for the impact of stock-based compensation, Non-Qualified Deferred Compensation Plan ("NQDC Plan") investment appreciation/depreciation, goodwill and intangible impairment and certain items affecting period-to-period comparability.
The Company presents EBITDA and Adjusted EBITDA because it considers such information meaningful supplemental measures of its performance and believes such information is frequently used by the investment community in the evaluation of similarly situated companies. The Company uses EBITDA and Adjusted EBITDA as factors used to determine the total amount of incentive compensation available to be awarded to executive officers and other employees. The Company’s credit agreement uses EBITDA and Adjusted EBITDA-related metricsitems to determine its interest rate and to measure compliance with certain covenants. EBITDA and Adjusted EBITDA are also used by the Company to evaluate and price potential acquisition candidates.
The following table presents the EBITDA and Adjusted EBITDA for the fiscal years ended June 29,28, 20252026 and June 30,29, 2024,2025, respectively. For EBITDA and Adjusted EBITDA for the fiscal year ended JulyJune 2,30, 2023,2024, please refer to our Annual Report on Form 10-K for the fiscal year ended JulyJune 2,30, 2023.2024.
The following table presents the adjusted net loss for the fiscal years ended June 29,28, 20252026 and June 30,29, 2024.2025. For adjusted net income for fiscal year ended JulyJune 2,30, 2023,2024, please refer to our Annual Report on Form 10-K for the fiscal year ended JulyJune 2,30, 2023.2024.
We define segment contribution margin as earnings before interest, taxes, depreciation and amortization, before the allocation of corporate overhead expenses. Adjusted segment contribution margin is defined as segment contribution margin adjusted for certain items affecting period-to-period comparability. When viewed together with our GAAP results, we believe segment contribution margin and adjusted segment contribution margin provide management and users of the financial statements meaningful information about the performance of our business segments.
Segment contribution margin and adjusted segment contribution margin are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. The material limitation associated with the use of segment contribution margin and adjusted segment contribution margin is that they are an incomplete measure of profitability as they do not include all operating expenses or non-operating income and expenses. Management compensates for this limitation when using thisthese measuremeasures by looking at other GAAP measures, such as Operating Income (loss) and Net Income (loss).
The following table presents the net revenues, gross profit, segment contribution margin, and adjusted segment contribution margin from each of the Company’s business segments, for the fiscal years ended June 29,28, 20252026 and June 30,29, 2024.2025. For segment contribution margin and adjusted segment contribution margin for the fiscal year ended JulyJune 2,30, 2023,2024, please refer to our Annual Report on Form 10-K for the fiscal year ended JulyJune 2,30, 2023.2024.
(a)Segment performance is measured based on segment contribution margin or segment Adjusted EBITDA, reflecting only the direct controllable revenue and operating expenses of the segments, both of which are non-GAAP measurements. As such, management’s measure of profitability for these segments does not include the effect of corporate overhead, described above, depreciation and amortization, other incomeincome, (net),net, and other items that we do not consider indicative of our core operating performance.
(b)Corporate expenses consist of the Company’s enterprise shared service cost centers, and include, among other items, Information Technology, Human Resources, Accounting and Finance, Legal, ExecutiveExecutive, and Customer Service Center functions, stock-based compensation, as well as changes in the fair value of the Company's NQDC Plan. In order to leverage the Company’s infrastructure, these functions are operated under a centralized management platform, providing support services throughout the organization. The costs of these functions, other than those of the Customer Service Center, which are allocated directly to the above categories based upon usage,functions are included within corporate expenses as they are not directly allocable to a specific segment.
The Company’s fiscal year is a 52- or 53-week period ending on the Sunday nearest to June 30. Fiscal years 2026, 2025, 2024, and 2023,2024, which ended on June 28, 2026, June 29, 2025, and June 30, 2024, and July 2, 2023 respectively, each consisted of 52 weeks.
Net revenues consist primarily of the selling price of the merchandise, service orand outbound shipping charges, less discounts, returns and credits. The Company’s net revenues from international sources were not material during fiscal years 2025,2026, 20242025 and 2023.2024.
During the fiscal year ended June 28, 2026, net revenues decreased 10.8% in comparison to the prior year, due to a focus on marketing effectiveness and profitability being prioritized over near-term revenue growth, offset in part by increased wholesale volume.
During the fiscal year ended June 30, 2024, net revenues decreased 9.2% in comparison to the prior year, due to lower order volume across all segments, as discretionary income remained pressured and consumers continued to moderate their spending. Contributing to this decline was the prudent use of advertising spend, to balance the long-term goals of the Company with strategies to improve gross margins and tightly control operating expenses during this challenging economic environment.
•E-commerce revenues (combined online and telephonic) decreased 9.3%13.1% during fiscal 2025,2026, primarily as a result of a declinedeclines in demand across all our segments, attributable toin the macro-economicConsumer conditionsFloral noted& above,Gifts segment of 17.8% and the impactGourmet Foods & Gift Baskets segment of inefficient marketing spend, and a highly promotional consumer environment.7.8%. The Company had lower order volumes (17.314.3 million, -8.2%a decrease of 17.6% vs. prior year) coupledpartially withoffset slightlyby lowerhigher average order value ($84.72,$89.23, -1.1%an vsincrease of 5.5% vs. prior year) as a result of producthigher mixrevenue trendingper into lower price point items.unit.
E-commerce revenues decreased 7.5%9.3% during fiscal 2024,2025, primarily as a result of a decline in demand for “Everyday” gifts across all our segments, attributable to the macro-economic conditionsconditions, notedthe above,impact whichof negativelyinefficient impactedmarketing spend, and a highly promotional consumer discretionaryenvironment. spending,The combinedCompany withhad planned reductions in advertising spend. Lowerlower order volumes (18.817.3 million, -9.9%a decrease of 8.0% vs. prior year) werecoupled with slightly offset by higherlower average order value ($85.70,$84.56, +2.7%a vsdecrease of 1.3% vs. prior year) as a result of product mix trending into higherlower price point items, including bundles, and customer mix with higher income customers buying at a higher rate than lower income customers.items.
•Other revenues are comprised of the Company’s BloomNet® segment, as well as the wholesale and retail channels of its Consumer Floral & Gifts and Gourmet Foods & Gift Baskets segments.
Other revenues increased 4.1% and 1.8% during fiscal 20252026 and 2025, respectively, primarily due to higher wholesale volumes within the Gourmet Foods & Gift Baskets segment due to increased orders from big box retailers, which was partially offset by lower BloomNet revenues due to lower order volume through the network, including our 1-800-Flowers® brand.
Other revenues decreased 20.5% during fiscal 2024 primarily due to lower order volume from big box retailers, as well as lower BloomNet Wholesale and Service revenues. The lower service revenues were due to lower shop-to-shop volumes.
Consumer Floral & Gifts – this segment, which includes the operations of the 1-800-Flowers.com®, Personalization Mall®, and Things Remembered® and Alice’s Table brands®,brands, derives revenue from the sale of consumer floral products and gifts through its e-commerce sales channels (telephonic and online sales), retail stores, and royalties from its franchise operations.
Net revenues decreased 17.7% during fiscal 2026, due to a focus on marketing effectiveness and profitability being prioritized over near term revenue growth.
Net revenues decreased 7.7% during fiscal 2024, due to the continued reduction of “Everyday” product demand, and weaker than anticipated Valentine’s Day and Mother’s Day demand, as consumers’ discretionary spending remained cautious in the inflationary environment, combined with planned reductions in advertising spend, as our brands focused their efforts on improving gross margin and operating spend efficiency, in the face of softening demand.
Net revenues decreased 1.9% during fiscal 2026, due to lower service revenue, which was attributable to a decline in order volume processed through the network.
Net revenues decreased 19.1% during fiscal 2024, due to soft wholesale product sales, as the result of weakness in demand across the industry and lower service revenue. The lower service revenue was attributable to reduced membership/transaction fee revenues, as well as lower florist-to-florist revenue associated with a decline in order volume processed through the network, and lower directory services ad revenues.
Net revenues decreased 5.2% during fiscal 2026, as e-commerce revenues declined 7.8% due to a focus on marketing effectiveness and profitability being prioritized over near-term revenue growth, partially offset by increased wholesale volume as big box retailers increased orders in the current year.
Net revenues decreased 9.4% during fiscal 2024, as e-commerce declined 7.2% due to lower consumer demand, as a result of macro-economic weakness, which significantly reduced “Everyday” occasion volumes, combined with planned reductions in advertising spend, as the brands focused their efforts on improving gross margins and operating spend efficiency in the face of softening demand. The unfavorable revenue trend was attributable to lower order volume, partially offset by favorable average order value as a result of product mix including more bundles and other higher priced offerings as higher income customers continued to buy at a higher rate. Wholesale/Retail channel revenues were unfavorable to prior year primarily due to lower order volume from big box retailers.
Gross profit decreased 12.4% during fiscal 2026 due to lower revenues, as well as a decline in gross margin percentage of 70 basis points compared with fiscal 2025 due to declines in the Gourmet Foods & Gift Baskets and BloomNet segments, partially offset by a slight increase in gross profit in the Company's Consumer Floral & Gifts segment.
Gross profit decreased 3.0% during fiscal 2024 due to the lower revenues noted above, partially offset by a higher gross margin percentage, driven by favorable product mix, lower freight costs, a decline in commodity costs, and the Company’s logistics optimization efforts. Gross margins improved throughout the year ending at 40.1%; a 260-basis point improvement over fiscal 2023.
Consumer Floral & Gifts segment – Gross profit in fiscal 20252026 in comparison to the prior year decreased by 11.9%,17.7%, due to the impact of the lower revenuesrevenue noted above, asoffset wellin aspart anby unfavorablea slight increase in gross profit percentage primarily attributabledue to higherlower cost of merchandise and deleveragingdelivery ofand fixedshipping costs resulting from lower sales volumes.costs.
Gross profit in fiscal 2024 decreased in comparison to prior year by 4.5%, due to the unfavorable revenues noted above, partially offset by favorable gross profit percentage attributable to favorable product mix into higher margin direct fulfilled sales, favorable fulfillment costs, as well as lower inbound and outbound shipping cost.
BloomNet segment – Gross profit in fiscal 2025 from the BloomNet segment decreased in comparison to prior year by 7.9%, due to the impact of lower revenues noted above, offset in part by improved gross profit percentage driven by lower florist rebates related to lower florist-to-florist volume.
Gross profit in fiscal 2024 from the BloomNet segment decreased in comparison to prior year by 8.6%, due to the unfavorable revenues noted above, partially offset by an increase in gross margin percentage. Gross margin percentage was higher than prior year due to lower florist rebates, which was driven by the lower shop-to-shop volume mainly from partners that carried higher contracted rates. In addition, wholesale margins, improved as a result of strategic pricing initiatives and lower cost of merchandise due to more favorable ocean freight rates.
Gourmet Foods & Gift Baskets segment – Gross profit in fiscal 2025 decreased in comparison to the prior year by 9.0%,11.9%, due to the decreaseimpact inof revenuethe lower revenues noted above, as well as decreasedan unfavorable gross profit percentage primarily attributable to higher cost of merchandise,merchandise and deleveraging of fixed costs resulting from lower sales volumes, and incremental costs associated with the implementation of a new order management system for the Harry & David brand.volumes.
BloomNet segment – Gross profit in fiscal 2026 decreased in comparison to the prior year by 2.3%, due to the impact of lower revenues noted above.
Gross profit in fiscal 2025 decreased in comparison to the prior year by 7.9%, due to the impact of lower revenues noted above, offset in part by improved gross profit percentage driven by lower florist rebates related to lower florist-to-florist volume.
Gourmet Foods & Gift Baskets segment – Gross profit in fiscal 2026 decreased in comparison to prior year by 8.5%, due to the decrease in revenue noted above, as well as an unfavorable gross profit percentage primarily attributable to deleveraging on the sales decline and increased commodity and shipping costs, as well as increased inventory reserves.
Gross profit in fiscal 2025 decreased in comparison to the prior year by 11.0%, due to the decrease in revenue noted above, as well as decreased gross profit percentage attributable to higher cost of merchandise, deleveraging of fixed costs resulting from lower sales volumes, and incremental costs associated with the implementation of a new order management system for the Harry & David brand.
Gross profit in fiscal 2024 decreased in comparison to prior year by 0.6%, due to the unfavorable revenues noted above, partially offset by favorable gross profit percentage. The favorable gross profit percentage was primarily due to lower delivery and shipping costs as logistical initiatives allowed the group to decrease shipping costs. Favorable cost of merchandise (favorable inbound ocean freight and lower commodity costs), along with the Company's inventory and labor optimization efforts, also contributed to the improved margin percentage. In addition, the brand benefited from favorable product mix due to the continued gap in buying behavior of higher income customers continuing to purchase higher priced merchandise with strong margins, while lower income customers continue to tighten their discretionary spending.
Marketing and sales expense decreased 0.9%16.2% during fiscal 2025,2026, essentiallyas in-linewell withas the prior year. Marketing and sales expensesdecreased as a percentage of revenuessales increased over the prior year due to increased advertising costs needed to support salesprimarily due to a competitivefocus environment.on marketing effectiveness and profitability.
What changed in the latest 10-Q
Risk Factors
There were no material changes to the Company’s risk factors as discussed in Part 1, Item 1A - Risk Factors in the Company’s Annual Report on Form 10-K for the fiscal year ended June 29, 2025.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
New heading “Goodwill and intangible impairment”
New heading “Goodwill & Intangible Assets Assessment and Impairment”
New heading “Interim Impairment Evaluation”
New heading “Impairment Assessments – Goodwill and Intangibles”
Largest changes
“Goodwill & Intangible Assets Assessment and Impairment”see in full comparison
“Impairment Assessments – Goodwill and Intangibles”see in full comparison
“The Company performed its goodwill impairment test by comparing the fair value of its Consumer Floral and Gifts reporting unit to its respective carrying value. The Company estimated the fair value of the Consumer Floral and Gifts reporting unit using an equal weighting of the income and market approaches, and a discount rate of 14.5%. The Company used industry accepted valuation models and set criteria that were reviewed and approved by various levels of management. …”see in full comparison
The Company recorded an income taxsee in full comparisonbenefit of $0.4 million and income taxexpense of$38.0$0.2thousandmillion during both the three andsixnine months endedDecemberMarch28,29,2025, respectively,2026, compared to income taxexpensebenefit of$23.5$18.5 million and$9.1$9.4 million during the three andsixnine months endedDecemberMarch29,30,2024,2025, respectively. The Company’s effective tax rate for the three andsixnine months endedDecemberMarch28,29,20252026 was (0.60.2)% and0.2%,(0.3)%, respectively, compared to26.7%9.4% and23.2%5.9% in the same respective periods of the prior year. The Company’s effective tax rate for the three andsixnine months endedDecemberMarch28,29,20252026 differed from the U.S. federal statutory rate of 21.0% primarily due to the change in valuation allowance, state income taxes and interest on uncertain tax positions. The Company’s effective tax rate for the three andsixnine months endedDecemberMarch29,30,20242025 differed from the U.S. federal statutory rate of 21.0% primarily due to establishing a valuation allowance on certain federal and state deferred tax assets (including charitable contribution carryforwards) and the permanent portion of goodwill impairment charges. The Company's effective tax rate for the three and nine months ended March 30, 2025 was also impacted by state incometaxes,taxes and tax deficiencies (shortfalls) from stock-basedcompensation and increases in valuation allowances,compensation, partially offset by tax credits.
“During the quarter ended March 29, 2026, the Company evaluated whether events or circumstances had changed such that it was more likely than not that the fair value of its goodwill, intangibles and other long-lived assets were less than their carrying amounts. After consideration of current and projected operating results, changes in macro-economic conditions, and a decline in the Company’s market capitalization, the Company concluded that a triggering event had occurred for its Consumer Floral & Gifts reporting unit. …”see in full comparison
Full comparison: every changed paragraph (48)
1-800-FLOWERS.COM, Inc. and its subsidiaries (collectively, the “Company”) is a leading provider of thoughtful expressions 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: 1-800-Flowers.com®, 1-800-Baskets.com®, Cheryl’s Cookies®, Harry & 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 no service charge on eligible products across our portfolio of brands, the Company 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; and DesignPac®, a manufacturer of gift baskets and towers; and Card Isle®, an e-commerce greeting card service.
The following table presents the adjusted net incomeloss and adjusted net incomeloss per common share:
The following tabletables presentspresent the net revenues, gross profit, segment contribution margin, and adjusted segment contribution margin from each of the Company’s business segments:
(c) See reconciliation of the Company's net incomeloss to Adjusted EBITDA (non-GAAP) above.
Net revenues decreased 9.5%11.6% and 9.8%10.3% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, mainly due to a focus on marketing effectiveness and profitability being prioritized over near-term revenue growth, offset in part by increased wholesale volume.
E-commerce revenues (combined online and telephonic) decreased 12.1%14.4% and 12.2%12.7% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, compared to the same periods of the prior year, primarily due to the decline in demand acrossin ourthe segments.Consumer Floral & Gifts segment of 18.9% and 19.5%, respectively.
During the three and sixnine months ended DecemberMarch 28,29, 2025,2026, the Company fulfilled approximately 6.23.0 million and 8.211.2 million orders through its e-commerce sales channel (online and telephonic sales), a decrease of 16.4%18.5% and 16.0%16.6%, respectively, compared to the same periods of the prior year. During the three and sixnine months ended DecemberMarch 28,29, 2025,2026, the average order value increased 5.2%5.0% and 4.6% to $96.82$83.39 and $92.88,$90.49, respectively, compared to the same periods of the prior year.
Other revenues during the three and sixnine months ended DecemberMarch 28,29, 20252026 increased 8.5%8.9% and 3.8%,4.9%, respectively, compared to the same periods of the prior year, primarily due to higher wholesale volume within the Gourmet Foods & Gift Baskets segment due to increased orders from big box retailers.
Consumer Floral & Gifts – this segment, which includes the operations of the 1-800-Flowers.com®, Personalization Mall®, and Things Remembered®, brands, derives revenuerevenues from the sale of consumer floral products and gifts through its e-commerce sales channels (telephonic and online sales), retail stores, and royalties from its franchise operations.
Net revenues decreased 22.7%18.7% and 19.7%19.4% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, compared to the same periods of the prior yearyear, due to a focus on marketing effectiveness and profitability being prioritized over near-term revenue growth.
During the three and sixnine months ended DecemberMarch 28,29, 2025,2026, Consumer Floral & Gifts orders through the Company's e-commerce sales channel (online and telephonic sales) decreased 26.0%24.3% and 23.0%,23.4%, respectively, compared to the same periods of the prior year. In addition, during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, the average order value increased 4.4%7.1% and 4.1%,5.1%, respectively, compared to the same periods of the prior year.
Net revenues decreased 3.1%5.9% and 1.4%3.1% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, compared to the same periods of the prior year. The revenue decrease was primarily due to lower membership and transactionwholesale revenues primarily from lower network order volumes and lower directory revenue.
Net revenues within this segment decreased 3.8%0.1% and 4.4%3.8% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, compared to the same periods of the prior year, primarily due to lower e-commerce revenue due to a focus on marketing effectiveness and profitability being prioritized over near-term revenue growthgrowth, partially offset by higher wholesale volume due to increased orders from big box retailers.
During the three and sixnine months ended DecemberMarch 28,29, 2025,2026, Gourmet Foods & Gift Baskets orders through its e-commerce sales channel (online and telephonic sales) decreased 8.6%8.0% and 8.7%,8.3%, respectively, compared to the same periods of the prior year. In addition, the average order value for the three and sixnine months ended DecemberMarch 28,29, 20252026 increased 2.4%2.8% and 2.3%,2.1%, respectively, compared to the same periods of the prior year.
Gross profit decreased 12.0%7.3% and 13.0%11.9% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, compared to the same periods of the prior year, primarily due to lower revenues as noted above.
During the three and sixnine months ended DecemberMarch 28,29, 2025,2026, the gross profit percentage decreasedincreased 120150 basis points and 150decreased 70 basis points, respectively, compared to the same periods of the prior year. The gross profit percentage declines were across all segments.
Consumer Floral & Gifts segment - Gross profit decreased by 26.0%15.8% and 23.5%21.0% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, compared to the same periods of the prior year, due to the impact of the lower revenues noted above, as well as an unfavorable gross profit percentage during the nine months ended March 29, 2026 compared to the same period of the prior year primarily attributable to deleveraging on the sales decline and increased tariffsfulfillment and commoditytariff costs. Gross profit percentage was favorable during the three months ended March 29, 2026, due to increased pricing discipline, more targeted promotional activity, and better alignment between florist-fulfilled and direct shipment offerings, offset in part by higher tariff costs.
BloomNet® segment - Gross profit decreased by 3.1%6.9% and 3.7%4.9% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, compared to the same periods of the prior year, primarily due to the impact of the lower revenues noted above. The decline for the sixnine months ended DecemberMarch 28,29, 2025,2026 was also due to an unfavorable gross profit percentage primarily due to higher florist fulfillment costs and a less favorable mix between wholesale and service revenue.revenue, which impacted the nine-month period.
Gourmet Foods & Gift Baskets segment - Gross profit increased by 24.3% and decreased by 6.3% and 7.5%5.3% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, compared to the same periods of the prior year,year. The increase in gross profit for the three months ended March 29, 2026 compared to the prior year period was due to lower labor and facility costs on relatively flat revenue. The decline for the nine months ended March 29, 2026 compared to the prior year was due to the decrease in revenue noted above, as well as unfavorable gross profit percentage primarily attributable to deleveraging on the sales decline and increased tariff, commodity, and shipping costs.
Marketing and sales expenses decreased 16.5%19.2% and 16.3%17.1% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, compared to the same periods of the prior year and also decreased as a percentage of revenues, primarily due to a focus on marketing effectiveness and profitability.
Technology and development expense decreased by 9.6%0.2% and 6.6% during both the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, compared to the same periods of the prior year, primarily due to the prior year periodperiod, including costs related to a new customer service platform and order management system.
General and administrative expenses increased 35.2%28.2% and 21.9%23.9% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, compared to the same periods of the prior year, primarily due to higher professionalseverance fees,costs related to enterprise reductions in workforce, increased consulting costs and changes in the value of the Company's NQDC Plan investments (offset in Other income,expense (income), net below), as well as severance costs related to an enterprise reduction in workforce..
Depreciation and amortization expenses decreased 4.0%1.6% and 2.6%2.3% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, due to timing of certain assets becoming fully depreciated.
Goodwill and intangible impairment
During the quarter ended March 29, 2026, the Company recorded a non-cash goodwill and intangible impairment charge of $45.2 million, comprised of $34.6 million related to goodwill for its Consumer Floral & Gifts segment and $10.6 million attributable to the Personalization Mall tradename.
During the quarter ended March 30, 2025, the Company recorded a non-cash goodwill and intangible impairment charge of $138.2 million, comprised of $113.4 million related to goodwill for its Consumer Floral & Gifts segment and $24.8 million attributable to the Personalization Mall tradename.
See Note 6 - Goodwill, trademarks with indefinite lives and other intangibles, net in Item 1 for further information.
Interest income decreased 74.8%28.4% and 62.2%43.2% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, due to a decline in interest earned on lower available cash balances.
Interest expense increased 27.2%10.5% and 21.7%18.9% during the three and sixnine months ended DecemberMarch 28,29, 2025,2026, respectively, due to an increase in borrowings and interest rates.
Other income,expense (income), net
Other income,expense (income), net consists primarily of investment losses (gains) on the Company’s NQDC Plan investments (for which the offsetting expense or income was recorded in general and administrative expense above).
The Company recorded an income tax benefit of $0.4 million and income tax expense of $38.0$0.2 thousandmillion during both the three and sixnine months ended DecemberMarch 28,29, 2025, respectively,2026, compared to income tax expensebenefit of $23.5$18.5 million and $9.1$9.4 million during the three and sixnine months ended DecemberMarch 29,30, 2024,2025, respectively. The Company’s effective tax rate for the three and sixnine months ended DecemberMarch 28,29, 20252026 was (0.60.2)% and 0.2%,(0.3)%, respectively, compared to 26.7%9.4% and 23.2%5.9% in the same respective periods of the prior year. The Company’s effective tax rate for the three and sixnine months ended DecemberMarch 28,29, 20252026 differed from the U.S. federal statutory rate of 21.0% primarily due to the change in valuation allowance, state income taxes and interest on uncertain tax positions. The Company’s effective tax rate for the three and sixnine months ended DecemberMarch 29,30, 20242025 differed from the U.S. federal statutory rate of 21.0% primarily due to establishing a valuation allowance on certain federal and state deferred tax assets (including charitable contribution carryforwards) and the permanent portion of goodwill impairment charges. The Company's effective tax rate for the three and nine months ended March 30, 2025 was also impacted by state income taxes,taxes and tax deficiencies (shortfalls) from stock-based compensation and increases in valuation allowances,compensation, partially offset by tax credits.
The Company's principal sources of liquidity are cash on hand, cash flows generated from operations, and borrowings available under the Company’s credit agreement (see Note 10 – Long-term debt, net in Item 1 for details). At DecemberMarch 28,29, 2025,2026, the Company had working capital of $84.5$30.6 million, including cash and cash equivalents of $193.3$50.7 million, compared to working capital of $61.3 million, including cash and cash equivalents of $46.5 million, at June 29, 2025.
During the first two quarters of fiscal 2026, the Company borrowed under its revolving credit facility in order to fund pre-holiday manufacturing and inventory procurement requirements, with borrowings peaking at $175.0 million in November 2025. Cash generated from operations during the Christmas holiday shopping season enabled the Company to repay the borrowings under the revolving credit facility in December 2025. Based on current projected cash flows, the Company believes that the available cash balances will be sufficient to provide for the Company's operating needs through the remainder of fiscal 2026, at which time the Company would again expect to borrow against the revolving credit facility to fund pre-holiday manufacturing and inventory purchases. The Company had no amounts outstanding under the revolving credit facility as of DecemberMarch 28,29, 2025.2026.
Net cash provided by operating activities of $170.9$42.9 million, for the sixnine months ended DecemberMarch 28,29, 2025,2026, was primarily attributable to the net incomeloss during the period, adjusted by non-cash charges for goodwill and intangible impairment, depreciation and amortization and stock based compensation, combined with seasonal changes in working capital, including increasesdecreases in accounts payableinventory and accrued expensesprepaid and tradeother, receivables and a decreaseoffset in inventory.part by an increase in trade receivables.
Net cash used in investing activities of $14.3$22.8 million, for the sixnine months ended DecemberMarch 28,29, 2025,2026, was primarily attributable to capital expenditures related to the Company's technology initiatives.
Net cash used in financing activities of $9.8$15.8 million, for the sixnine months ended DecemberMarch 28,29, 2025,2026, primarily related to net repayment of bank borrowings under the Company's working capital line of credit, as well as payments made on the Company's Term Loan.
Free cash flow was $156.6$20.0 million for the sixnine months ended DecemberMarch 28,29, 2025,2026, compared with free cash flow of $128.3negative $31.7 million for the sixnine months ended DecemberMarch 29,30, 2024.2025. The improvement of $28.3$51.7 million was primarily due to improved working capital management, coupled with favorable timing.management. Refer to "Definitions of non-GAAP Financial Measures" for reconciliation of non-GAAP results to applicable GAAP results.
At DecemberMarch 28,29, 2025,2026, the Company’s contractual obligations consist of:
As disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended June 29, 2025, the discussion and analysis of the Company’s financial condition and results of operations are based upon the consolidated financial statements, which have been prepared in conformity with U.S. generally accepted accounting principles. The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. Management bases its estimates and assumptions on historical experience and on various other factors that are believed to be reasonable under the circumstances, and management evaluates its estimates and assumptions on an ongoing basis. Actual results may differ from these estimates under different assumptions or conditions. The Company’s most critical accounting policies relate to goodwill and other intangible assets. There have been no significant changes to the assumptions and estimates related to the Company’s critical accounting policies since June 29, 2025.2025, except as noted below:
Goodwill & Intangible Assets Assessment and Impairment
Interim Impairment Evaluation
During the quarter ended March 29, 2026, the Company evaluated whether events or circumstances had changed such that it was more likely than not that the fair value of its goodwill, intangibles and other long-lived assets were less than their carrying amounts. After consideration of current and projected operating results, changes in macro-economic conditions, and a decline in the Company’s market capitalization, the Company concluded that a triggering event had occurred for its Consumer Floral & Gifts reporting unit. As such, the Company performed an impairment test of the reporting unit’s goodwill, intangibles and long-lived assets as of March 29, 2026.
Impairment Assessments – Goodwill and Intangibles
The Company performed its goodwill impairment test by comparing the fair value of its Consumer Floral and Gifts reporting unit to its respective carrying value. The Company estimated the fair value of the Consumer Floral and Gifts reporting unit using an equal weighting of the income and market approaches, and a discount rate of 14.5%. The Company used industry accepted valuation models and set criteria that were reviewed and approved by various levels of management. Under the income approach, the Company used a discounted cash flow methodology that required management to make significant estimates and assumptions related to forecasted revenues, gross profit margins, operating income margins, perpetual growth rates, and long-term discount rates, among others. For the market approach, the Company used the guideline public company method. Under this method, the Company utilized information from comparable publicly traded companies with similar operating and investment characteristics as the reporting units, to create valuation multiples that were applied to the operating performance of the reporting unit being tested, in order to obtain their respective fair values. The Company also reconciled the aggregate fair values of its reporting units to its current market capitalization.
The Company’s impairment test for indefinite-lived intangible assets encompassed calculating a fair value of the indefinite-lived intangible asset and comparing that result to its carrying value. To determine fair value of indefinite-lived intangible assets, the Company used an income approach, the relief-from-royalty method. This method assumes that, in lieu of ownership, a third party would be willing to pay a royalty in order to obtain the rights to use the comparable asset. Indefinite-lived intangible assets’ fair values require significant judgments in determining both the assets’ estimated cash flows as well as the appropriate discount and royalty rates applied to those cash flows to determine fair value.
The Company’s impairment test for definite-lived and other long-lived assets was performed through a recoverability test, comparing projected undiscounted cash flows from the use and eventual disposition of the asset or asset group to its carrying value.
Based on the impairment assessment performed for the period ended March 29, 2026, the Company recorded a non-cash goodwill and intangible impairment charge of $45.2 million, comprised of $34.6 million attributable to the Consumer Floral & Gifts reporting unit's goodwill and $10.6 million attributable to the Personalization Mall tradename within the same reporting unit. The Company concluded that definite-lived and other long-lived assets of the reporting unit were not impaired.
FLWS insider buying and selling (Form 4)
Since 2026-04-11, insiders reported open-market purchases in 0 Form 4 filings and open-market sales in 1 filing (1 insider, 3 trade dates, 1,752,433 shares, about $7.6M). Net open-market shares: -1,752,433 (purchases minus sales); net value about -$7.6M.Totals add up every open-market (code P and S) line in those filings, using the prices reported in the filings. Awards, option exercises, tax withholding and gifts are listed below but not counted.
| Trade date | Insider | Transaction | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-11 | Zelikovsky Alexander |
Grant/award | 7,908 | — | — |
| 2026-09-11 | Zelikovsky Alexander |
Grant/award | 23,944 | — | — |
| 2026-09-11 | Langrock James M |
Grant/award | 62,843 | — | — |
| 2026-09-11 | Langrock James M |
Grant/award | 18,314 | — | — |
| 2026-09-11 | Feldman Jonathan J. |
Grant/award | 12,209 | — | — |
| 2026-09-11 | Feldman Jonathan J. |
Grant/award | 59,146 | — | — |
| 2026-09-11 | Manley Michael R |
Grant/award | 39,319 | — | — |
| 2026-09-11 | Manley Michael R |
Grant/award | 7,492 | — | — |
| 2026-09-11 | Villagomez Adolfo |
Grant/award | 134,423 | — | — |
| 2026-09-11 | Kasenchak Priscilla |
Grant/award | 4,995 | — | — |
| 2026-09-11 | Kasenchak Priscilla |
Grant/award | 30,245 | — | — |
| 2026-09-11 | Mccann James F |
Grant/award | 16,233 | — | — |
| 2026-09-11 | Tejada Nelson Niviades Jr |
Grant/award | 30,917 | — | — |
| 2026-09-11 | Tejada Nelson Niviades Jr |
Grant/award | 7,659 | — | — |
| 2026-07-07 | Kasenchak Priscilla |
Shares withheld for tax | 15,087 | $3.77 | $56.9K |
| 2026-05-13 | Villagomez Adolfo |
Shares withheld for tax | 36,533 | $4.27 | $156.0K |
| 2026-04-22 | Fund 1 Investments, Llc |
Open-market sale | 156,640 | $3.91 | $612.5K |
| 2026-04-22 | Fund 1 Investments, Llc |
Open-market sale | 95,000 | $4.03 | $382.9K |
| 2026-04-22 | Fund 1 Investments, Llc |
Open-market sale | 190,098 | $4.46 | $847.8K |
| 2026-04-22 | Fund 1 Investments, Llc |
Open-market sale | 46,300 | $4.11 | $190.3K |
| 2026-04-22 | Fund 1 Investments, Llc |
Open-market sale | 1,200 | $4.08 | $4.9K |
| 2026-04-21 | Fund 1 Investments, Llc |
Open-market sale | 288,651 | $4.05 | $1.2M |
| 2026-04-21 | Fund 1 Investments, Llc |
Open-market sale | 27,539 | $4.72 | $130.0K |
| 2026-04-21 | Fund 1 Investments, Llc |
Open-market sale | 229,486 | $4.03 | $924.8K |
| 2026-04-21 | Fund 1 Investments, Llc |
Open-market sale | 35,525 | $4.71 | $167.3K |
| 2026-04-21 | Fund 1 Investments, Llc |
Open-market sale | 138,799 | $4.52 | $627.4K |
| 2026-04-20 | Fund 1 Investments, Llc |
Open-market sale | 26,287 | $4.85 | $127.5K |
| 2026-04-20 | Fund 1 Investments, Llc |
Open-market sale | 82,302 | $4.86 | $400.0K |
| 2026-04-20 | Fund 1 Investments, Llc |
Open-market sale | 434,606 | $4.54 | $2.0M |
Well-known investors holding FLWS (13F)
| Investor | Quarter | Shares | Reported value | % of their 13F | Change vs prior quarter |
|---|---|---|---|---|---|
| AQR Capital Management (Cliff Asness) | 2026-06-30 | 172,283 | $599.5K | 0.0% | Added 90% |
| D. E. Shaw & Co. | 2026-06-30 | 86,525 | $301.1K | 0.0% | Reduced 15% |
| Citadel Advisors (Ken Griffin) | 2026-06-30 | 82,920 | $288.6K | 0.0% | Reduced 57% |
| Millennium Management (Israel Englander) | 2026-06-30 | 75,324 | $262.1K | 0.0% | Reduced 9% |
| Two Sigma Investments | 2026-06-30 | 44,772 | $155.8K | 0.0% | Reduced 27% |