1‑800‑FLOWERS.COM reported fiscal 2026 first‑quarter revenue of $215.2 million, a decline of 11.1% year‑over‑year from $242.09 million in the same period last year. The company posted a net loss of $53.0 million, compared with a $34.2 million loss in the prior year’s first quarter, and earnings per share of –$0.83 versus the forecast of –$0.64.
The consumer floral and gifts segment generated $115.4 million in revenue, down 14.6% from $135.5 million. The gourmet foods and gift baskets segment reported $76.8 million, a decline of 8.6% from $83.4 million, while the BloomNet segment produced $23.1 million, essentially flat year‑over‑year. Gross profit margin fell to 35.7% from 37.9% in the prior year’s quarter, reflecting higher commodity and shipping costs.
Chief Financial Officer James Langrock noted that the company achieved $17 million in cost savings during fiscal 2025 and expects an additional $50 million in gross savings over the next two years. Management highlighted improvements in marketing spend effectiveness and cost‑optimization initiatives, citing a strategic shift toward marketing efficiency and the impact of wholesale order timing on revenue.
The company emphasized that fiscal 2026 is a pivotal year of stabilization, focusing on cost reduction, marketing efficiency, and expansion into new sales channels such as Amazon, Walmart, and physical retail pop‑ups. No specific forward‑looking revenue or earnings guidance was provided beyond the stated cost‑saving targets.
The results missed both revenue and earnings forecasts, with revenue falling 1.6% below the $218.75 million consensus and EPS falling 29.7% below the –$0.64 estimate. The company’s outlook centers on margin improvement and operational discipline as it seeks to reverse the loss trajectory.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.