1-800-FLOWERS FY26 10-K: $134.8M Loss, Hebron Fire, Credit Covenant Relief
FLWS is trading near its 52-week low of $2.885 (5.7% above the low) on elevated volume (3.1× avg).
Summary
1-800-FLOWERS filed its FY26 10-K confirming a $134.8M net loss, disclosing a July fire at its Hebron facility with an unresolved insurance claim, and detailing credit agreement amendments providing covenant relief through September 2027.
Key Events · Earnings and Guidance · FLWS
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FY26 Net Loss of $134.8M
Full-year net loss of $134.8 million on revenue of $1.50 billion, down 10.8% year-over-year. Adjusted EBITDA fell to $2.9 million from $29.2 million in FY25.
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Hebron Facility Fire
A fire occurred at the Hebron, Ohio facility on July 29, 2026, damaging property, equipment, and inventory. Insurance claim is in progress with partial recovery received; operations have partially resumed but ultimate financial impact is not yet estimable.
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Credit Agreement Amendment
Third Amendment dated September 9, 2026 replaces financial covenants with a minimum liquidity covenant until September 26, 2027, then a minimum EBITDA covenant. Permits retention of up to $30 million of asset sale proceeds after a $15 million term loan prepayment.
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Liquidity Pressure
Cash fell to $11.4 million from $46.5 million year-over-year. Working capital turned negative at -$17.8 million. Management is evaluating asset sales and capital raising options including debt or equity financings.
Analysis · FLWS · Trade & Services
The annual report confirms the $134.8 million FY26 net loss already disclosed in the 8-K, but adds material new information: a fire at the Hebron, Ohio facility on July 29, 2026 with an unresolved insurance claim, detailed terms of the September 9, 2026 credit agreement amendment providing covenant relief through September 2027, and a full write-off of Consumer Floral & Gifts goodwill. The company's cash position fell to $11.4 million from $46.5 million a year earlier, and working capital turned negative at -$17.8 million. Management states it is evaluating asset sales and capital raising options, signaling potential dilution or divestitures ahead.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 35.9% of the 1728 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.06%. 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 $3.05 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $194.5M. 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.