1-800-FLOWERS Reports Q4 2026 Earnings Amid Revenue Declines
In its fourth-quarter earnings call for fiscal year 2026, 1-800-FLOWERS (FLWS) reported a total revenue of $1.5 billion for the full year—a 10.8% decline due to reduced consumer discretionary spending. Q4 revenue fell by 12.9% year-over-year to $293.1 million, driven by strategic shifts in marketing and margin priorities. The Gourmet Foods & Gift Baskets segment saw a significant drop of 15.4%, while the Consumer Floral & Gifts division declined by 13.4%. In contrast, BloomNet showed modest growth at 1.9% due to increased local marketplace activity through apps like DoorDash and Instacart. Adjusted EBITDA for the year was $2.9 million compared to $29.2 million in the prior period. The company reported a free cash flow of -$13 million, an improvement from the previous year's performance due to better working capital management. Management outlined plans for continued cost savings and expects revenue declines to moderate into fiscal 2027.
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