1-800-Flowers.Com Inc (FLWS) News & EventsFLWS1-800-Flowers.Com Inc

Company Evaluates Transaction Impact on Fiscal 2027

The Company's fiscal 2027 guidance provided on September 10, did not incorporate the impact of the transaction announced today. The Company is evaluating the impact of the transaction on its fiscal 2027 financial results, along with the planned reinvestment of a portion of the proceeds in revenue-generating initiatives across its primary brands. The Company expects to provide an update regarding its fiscal 2027 guidance in conjunction with its fiscal 2027 first quarter earnings release.

1-800-FLOWERS.COM Sells PersonalizationMall.com and Things Remembered for $45M

1-800-FLOWERS.COM entered into a definitive agreement to sell PersonalizationMall.com and Things Remembered to PlanetArt for approximately $45M in cash, subject to customary closing conditions. The transaction represents another step in 1-800-FLOWERS.COM, Inc.'s ongoing efforts to simplify its business, increase its focus on its primary brands, and allocate resources toward the opportunities it believes offer the greatest potential to drive sustainable, profitable growth and long-term shareholder value. In connection with the transaction, the Company and PlanetArt expect to enter into a commercial agreement that will enable 1-800-FLOWERS.COM, Inc. to continue offering select PersonlizationMall.com product to its customers. The transaction is targeted to close within the coming weeks, subject to customary closing conditions.

Company Reports Q4 Revenue of $293.1M, Below Consensus

Reports Q4 revenue $293.1M, consensus $293.6M. "FY26 was a year of meaningful progress as we strengthened the foundation of our business and positioned the Company for its next phase of transformation," said CEO Adolfo Villagomez. "We strengthened our leadership team, began to modernize our digital and marketing capabilities, simplified how we operate, and became a more customer-first, data-driven organization. As we enter FY27, accelerating the recovery of our revenue trends is our highest priority. We will continue building these capabilities while increasingly putting them to work to improve customer acquisition, engagement, and retention and to drive better business performance over time. As part of our continued efforts to enhance our financial flexibility and support the ongoing transformation of the business, we recently amended our credit agreement to provide additional financial flexibility. We are also evaluating a range of options, including the sale of non-strategic assets and capital raising options, intended to optimize our capital structure and support investments in our transformation and drive future growth. While this work is underway, we remain focused on executing our fiscal 2027 priorities and improving the fundamental drivers of our business."