FLWSHIGH SIGNALFINANCIAL10-K

FLWS experienced a severe liquidity deterioration with cash declining 71% alongside meaningful contractions in assets, equity, and gross profit.

The dramatic cash reduction from $159M to $47M represents a critical liquidity warning that demands immediate investor attention, particularly given the concurrent 42% decline in stockholders' equity. While the company reduced debt by 24%, the overall financial profile suggests significant operational stress or major capital deployment that materially weakened the balance sheet.

Comparing 2025-09-05 vs 2024-09-06View on EDGAR →
FINANCIAL ANALYSIS

FLWS shows broad-based financial deterioration with cash plummeting 71% and stockholders' equity falling 42%, while total assets contracted 25%. The 11% gross profit decline coupled with these balance sheet pressures indicates fundamental business challenges. Despite debt reduction of 24%, the severe cash drain and equity erosion signal potential liquidity constraints that overshadow any deleveraging benefits.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
-70.8%
$159.4M$46.5M

Cash declined 70.8% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Stockholders Equity
Balance Sheet
-42.5%
$466.3M$268.3M

Equity declined sharply — large losses, buybacks, or write-downs reducing book value significantly.

Current Assets
Balance Sheet
-26.7%
$385.7M$282.7M

Current assets declined 26.7% — monitor working capital adequacy and short-term liquidity.

Total Assets
Balance Sheet
-25.2%
$1.0B$772.6M

Total assets contracted 25.2% — asset sales, write-downs, or balance sheet optimization underway.

Total Debt
Balance Sheet
-23.9%
$177.1M$134.8M

Debt reduced 23.9% — deleveraging strengthens balance sheet and reduces financial risk.

Accounts Receivable
Balance Sheet
+20.4%
$18.0M$21.7M

Receivables grew 20.4% — monitor days sales outstanding for collection efficiency.

Gross Profit
P&L
-11.2%
$734.8M$652.3M

Gross margin compression — rising input costs, pricing pressure, or unfavorable product mix shift.

Total Liabilities
Balance Sheet
-10.9%
$566.3M$504.3M

Liabilities reduced 10.9% — deleveraging improves balance sheet strength and financial flexibility.

LANGUAGE CHANGES
NEW — 2025-09-05
PRIOR — 2024-09-06
ADDED
and its subsidiaries (collectively, the Company ) is a leading provider of thoughtful expressions designed to help inspire customers to share more, connect more, and build more and better relationships.
We have a large customer file, including 0.9 million Celebrations Passport members who, along with our multi-brand customers, represent our best customer cohorts in terms of frequency, retention and average spend, and thus customer lifetime value.
Celebrations Passport and multi-brand customers spend an average of 2x to 3x the amount spent by other customers.
Multi-brand customers and Celebrations Passport members represent approximately 20% of customers and approximately 40% of revenue.
In fiscal 2025, the Company announced a multi-year Celebrations strategy, a comprehensive evolution of the Company that begins with transforming the customer journey into a sentiment-led experience.
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REMOVED
flws20240630_10k.htm 0001084869 1 800 FLOWERS COM INC false --06-30 FY 2024 false false false false 0.01 0.01 10,000,000 10,000,000 0 0 0.01 0.01 200,000,000 200,000,000 58,792,695 58,273,747 0.01 0.01 200,000,000 200,000,000 32,348,221 32,348,221 21,645,290 20,565,875 5,280,000 5,280,000 3 7 3 http://fasb.org/us-gaap/2024#GoodwillAndIntangibleAssetImpairment 1.7 2018 2020 2021 2022 2023 2020 2021 2022 2023 2017 2018 2019 2020 2021 2022 2023 1 0.0 0.0 1 0 0 3 3.3 The Company has established a Non-qualified Deferred Compensation Plan (the NQDC Plan ) for certain members of senior management.
Deferred compensation plan assets are invested in mutual funds held in a rabbi trust, which is restricted for payment to participants of the NQDC Plan.
Trading securities held in the rabbi trust are measured using quoted market prices at the reporting date and are included in the Other assets line item, with the corresponding liability included in the Other liabilities line item in the consolidated balance sheets.
The amortization of intangible assets for the years ended June 30, 2024, July 2, 2023 and July 3, 2022 was $4.4 million, $4.2 million and $3.9 million, respectively.
Future estimated amortization expense is as follows: 2025 - $2.1 million, 2026 - $1.4 million, 2027 -$0.6 million, 2028 -$0.3 million, 2029 -$0.2 million, and thereafter -$0.1 million.
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