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1-800-FLOWERS.COM, Inc. Reports Fiscal 2024 Fourth Quarter and Year-End Results
1-800-FLOWERS.COM (NASDAQ: FLWS)reported fiscal year 2024 results, with revenue of $1.83 billion and a net loss of $6.1 million, including a $19.8 million non-cash impairment charge. Key highlights:
- Gross profit margin increased 260 basis points to 40.1%
- Adjusted EBITDA rose to $93.1 million
- Q4 revenue decreased 9.5% to $360.9 million
- Full-year revenue declined 9.2% to $1.83 billion
- Generated Free Cash Flow of $56.4 million
For fiscal 2025, the company expects revenue to be flat to down low-single digits, with Adjusted EBITDA between $85-95 million and Free Cash Flow of $45-55 million. The company remains focused on improving sales trends through Relationship Innovation initiatives and enhancing its gifting platform.
- Gross profit margin increased 260 basis points to 40.1%
- Adjusted EBITDA rose to $93.1 million
- Q4 revenue decreased 9.5% to $360.9 million
- Full-year revenue declined 9.2% to $1.83 billion
- Generated Free Cash Flow of $56.4 million
For fiscal 2025, the company expects revenue to be flat to down low-single digits, with Adjusted EBITDA between $85-95 million and Free Cash Flow of $45-55 million. The company remains focused on improving sales trends through Relationship Innovation initiatives and enhancing its gifting platform.
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