Fri, May 9, 2:02 PM (13 days ago)
**1-800-FLOWERS.COM, Inc. (FLWS) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $331.5 million (Q1 2025) vs. $379.4 million (Q1 2024), an 12.6% decrease. - **Net Income:** -$178.2 million (Q1 2025) vs. -$16.9 million (Q1 2024). - **Gross Profit Margin:** 31.7% (Q1 2025) vs. 36.6% (Q1 2024). - **Operating Expenses:** $298.4 million (Q1 2025) vs. $166.6 million (Q1 2024). - **Cash Flow:** Negative $31.7 million (9M 2025) vs. Positive $73.6 million (9M 2024). **Segment Performance:** - **Consumer Floral & Gifts:** Revenue decreased 11.4% (Q1 2025) and 8.5% (9M 2025). - **BloomNet:** Revenue increased 4.5% (Q1 2025) but decreased 10.7% (9M 2025). - **Gourmet Foods & Gift Baskets:** Revenue decreased 18.2% (Q1 2025) and 7.7% (9M 2025). **Key Metrics & Trends:** - **Goodwill & Intangible Impairment:** $138.2 million charge (Q1 2025). - **Cash & Liquidity:** $84.7 million in cash (Q1 2025) vs. $159.4 million (Q4 2024). - **Debt:** $142.3 million in long-term debt (Q1 2025) vs. $177.1 million (Q4 2024). - **E-commerce Sales:** Decreased 14.2% (Q1 2025) and 9.8% (9M 2025). **Uncertainties & Future Operations:** - **Macro-economic Conditions:** Consumer confidence and sentiment declined due to uncertainties like tariffs and economic policies. - **Strategic Initiatives:** "Celebrations Wave" aims to transform the customer journey and increase profitability. - **Guidance Withdrawal:** Due to macroeconomic uncertainties, the company withdrew near-term guidance. **Impact on Future Operations:** - **Cost Savings:** Implementing cost savings reductions, potentially resulting in restructuring charges. - **Acquisitions:** Completed acquisitions of Scharffen Berger and Card Isle, expanding product offerings. - **Seasonality:** The holiday season is crucial, generating over 40% of annual revenues and all earnings.