1-800-FLOWERS Amends Credit Agreement, Evaluates Capital Raise After $134.8M FY26 Loss
FLWS is trading near its 52-week low of $2.885 (6.1% above the low).
Summary
1-800-FLOWERS reported a $134.8M FY26 net loss, amended its credit agreement for covenant relief, and disclosed it is evaluating capital raising options including equity financings.
Key Events · Earnings and Guidance · FLWS
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FY26 Net Loss of $134.8M
Full-year revenue declined 10.8% to $1.50B with a net loss of $134.8M, including a $45.2M non-cash goodwill and intangible impairment charge. Adjusted EBITDA was $2.9M versus $29.2M in the prior year.
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Credit Agreement Amended for Covenant Relief
Third Amendment replaces financial covenants with a minimum liquidity test through September 2027 and a minimum consolidated EBITDA covenant of $20M from December 2027 through the Affected Period ending no later than June 2028.
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Capital Raising Options Under Evaluation
Company is evaluating public or private debt or equity financings, divestitures of non-strategic assets, and other capital structure transactions. Guggenheim Securities retained as financial advisor.
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FY27 Guidance: Revenue Decline Continues
Company expects net revenues to decline mid-single digits in fiscal 2027 with adjusted EBITDA of $10M to $15M, including approximately $12M of additional compensation expense.
Analysis · FLWS · Trade & Services
The company reported a $134.8 million fiscal 2026 net loss and simultaneously amended its credit agreement to replace leverage covenants with liquidity and EBITDA tests through 2028. Management also disclosed it is evaluating capital raising options, including debt or equity financings and asset divestitures, with Guggenheim Securities advising. The combination of a significant loss, covenant relief, and an open capital raise evaluation signals balance sheet pressure and potential shareholder dilution ahead.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.8% of the 1864 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FLWS was trading at $3.06 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $223.7M. The 52-week trading range was $2.89 to $7.10. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.