1-800-FLOWERS.COM Reports Q3 Loss with $45.2M Impairment Charge; Full-Year Revenue to Decline
FLWS sits 25% above its 52-week low of $2.885 on elevated volume (1.9× avg).
Summary
1-800-FLOWERS.COM reported a fiscal Q3 net loss of $100.1 million, including a $45.2 million impairment charge, and an 11.6% revenue decline, while reaffirming full-year revenue is expected to decline 10-12% with breakeven Adjusted EBITDA.
Key Events · Earnings and Guidance · FLWS
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Significant Q3 Net Loss
The company reported a net loss of $(100.1) million for its fiscal third quarter, compared to a net loss of $(178.2) million in the prior year period. Adjusted net loss was $(49.6) million, or $(0.77) per diluted share, slightly missing analyst expectations of $(0.75).
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Material Impairment Charge
Q3 results include a $45.2 million non-cash goodwill and intangible impairment charge related to the Consumer Floral & Gifts segment and Personalization Mall trademark, indicating a significant write-down of asset values.
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Continued Revenue Decline
Total consolidated revenues decreased 11.6% to $293.0 million in Q3, aligning closely with analyst expectations. Consumer Floral & Gifts revenues declined 18.7%, while Gourmet Foods & Gift Baskets revenues were essentially flat.
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Full-Year Guidance Reaffirmed
The company expects full fiscal year 2026 revenue to decline by approximately 10% to 12% year-over-year and Adjusted EBITDA to be approximately breakeven, within a range of plus or minus $2 million. This guidance was previously reported in news on May 7, 2026.
Analysis · FLWS · Trade & Services
1-800-FLOWERS.COM, Inc. reported a significant net loss for its fiscal third quarter 2026, primarily driven by a substantial $45.2 million non-cash goodwill and intangible impairment charge related to its Consumer Floral & Gifts segment and Personalization Mall trademark. This impairment charge, representing a material portion of the company's market capitalization, indicates a significant write-down of asset values and reflects ongoing challenges in these segments. While the company noted progress on strategic initiatives and cost savings, the overall financial performance, including an 11.6% revenue decline and an adjusted EPS miss, underscores a difficult operating environment. The reaffirmed full-year revenue decline guidance and breakeven Adjusted EBITDA outlook, previously reported in news, confirm that fiscal 2026 remains a foundational year focused on stabilization rather than growth.
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At the time of this filing, FLWS was trading at $3.62 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $251.8M. The 52-week trading range was $2.89 to $8.44. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.