1-800-Flowers.Com Inc

NASDAQ:FLWSUnited States

Oct 31, 2024

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• DJ 1-800-FLOWERS Is Maintained at Neutral by DA Davidson, from 5:43PM ET on Thursday Oct 31, 2024 by Dow Jones

  5:43PM ET on Thursday Oct 31, 2024 by Dow Jones
  Companies Mentioned: FLWS
  
  Ratings actions from Benzinga: https://www.benzinga.com/quote/FLWS/analyst-ratings
  
  (END) Dow Jones Newswires
  
  October 31, 2024 17:43 ET (21:43 GMT)
  

• -- Earnings Flash (FLWS) 1-800-FLOWERS.COM Posts Q1 Revenue $242.1M, from 6:46AM ET on Thursday Oct 31, 2024 by MT Newswires

  6:46AM ET on Thursday Oct 31, 2024 by MT Newswires
  Companies Mentioned: FLWS
  06:46 AM EDT, 10/31/2024 (MT Newswires) -- ...

• -- Earnings Flash (FLWS) 1-800-FLOWERS.COM Posts Q1 Loss $-0.51 Per Share, from 6:46AM ET on Thursday Oct 31, 2024 by MT Newswires

  6:46AM ET on Thursday Oct 31, 2024 by MT Newswires
  Companies Mentioned: FLWS
  06:46 AM EDT, 10/31/2024 (MT Newswires) -- ...

• *DJ 1-800-FLOWERS 1Q Loss/Shr 53c >FLWS, from 6:45AM ET on Thursday Oct 31, 2024 by Dow Jones

  6:45AM ET on Thursday Oct 31, 2024 by Dow Jones
  Companies Mentioned: FLWS

• 1-800-FLOWERS.COM, Inc. Reports Fiscal 2025 First Quarter Results, from 6:45AM ET on Thursday Oct 31, 2024 by Dow Jones

  6:45AM ET on Thursday Oct 31, 2024 by Dow Jones
  Companies Mentioned: FLWS
  ======= ============ ======= ======= 1-800-FLOWERS.COM, Inc. and Subsidiaries Selected Financial Information (in thousands, except for per share data) (unaudited) Reconciliation of net loss to adjusted net loss (non-GAAP): Three Months Ended ------------------------------- September 29, October 1, 2024 2023 --------------- -------------- Net loss $ (34,190) $ (31,242) Adjustments to reconcile net loss to adjusted net loss (non-GAAP) Add: System Implementation Costs 1,780 - Deduct: Income tax effect on adjustments (527) - ---------- ------- Adjusted net loss (non-GAAP) $ (32,937) $ (31,242) ========== ======= Basic and diluted net loss per common share $ (0.53) $ (0.48) ========== ======= Basic and diluted adjusted net loss per common share (non-GAAP) $ (0.51) $ (0.48) ========== ======= Weighted average shares used in the calculation of basic and diluted net 64,198 64,785 loss and adjusted net loss per common share ========== ======= 1-800-FLOWERS.COM, Inc. and Subsidiaries Selected Financial Information (in thousands) (unaudited) Reconciliation of net loss to adjusted EBITDA (non-GAAP): Three Months Ended --------------------------------- September 29, October 1, 2024 2023 --------------- ---------------- Net loss $ (34,190) $ (31,242) Add: Interest expense and other, net 1,593 3,956 Add: Depreciation and amortization 13,038 13,194 Add: Income tax benefit (14,384) (10,291) ---------- -------- EBITDA (33,943) (24,383) Add: Stock-based compensation 2,479 2,364 Add: Compensation charge related to NQDC plan investment appreciation (depreciation) 1,738 (504) Add: System Implementation Costs 1,780 - ---------- -------- Adjusted EBITDA $ (27,946) $ (22,523 ) ========== ======== (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 income (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, Executive 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, are included within corporate expenses as they are not directly allocable to a specific segment. 1-800-FLOWERS.COM, Inc. and Subsidiaries Selected Financial Information (in thousands) (unaudited) Reconciliation of net cash used in operating activities to free cash flow (non-GAAP): Three Months Ended ---------------------------------- October 1, September 29, 2024 2023 -------------------- ------------ Net cash used in operating activities $ (177,241) $(143,884) Capital expenditures (12,075) (6,974) --------------- -------- Free cash flow $ (189,316) $(150,858) =============== ========