1 800 FLOWERS COM Revenue fell 10.8% to $1,503.5 million in fiscal 2026, while net loss narrowed to $134.8 million from $200.0 million. Investors face a mixed Earnings picture: gross Margin declined to 38.0% and adjusted EBITDA dropped to $2.9 million, even as Leadership and operational changes target sustainable, profitable growth.

Key Highlights

  • Net loss narrowed to $134.8 million from $200.0 million in fiscal 2025.
  • Gourmet Foods & Gift Baskets generated $768.520 million of revenue, down 5.2%.
  • Operating cash flow was $18.308 million, while free cash flow was negative $12.972 million.

1 800 FLOWERS COM INC (NASDAQ: FLWS) generated $1,503.5 million in revenue during the 52-week fiscal year ended June 28, 2026, a decline of $182.1 million, or 10.8%, from fiscal 2025. Net loss narrowed to $134.8 million from $200.0 million, but gross margin fell to 38.0%. Adjusted EBITDA also declined to $2.9 million from $29.2 million. The company said its fiscal-year actions included strengthening its leadership team, modernizing digital and Marketing capabilities, simplifying operations and building a more customer-first, data-driven organization. Those measures were described as part of a longer-term effort to support sustainable, profitable growth.

Fiscal Revenue Falls 10.8%

Total net revenue was $1,503.511 million, compared with $1,685.658 million in fiscal 2025. E-commerce revenue was $1,273.126 million, down 13.1% from $1,464.445 million. Other revenue increased 4.1% to $230.385 million from $221.213 million. Consumer Floral & Gifts produced $638.931 million, down 17.7%, while BloomNet revenue decreased 1.9% to $96.832 million. Gourmet Foods & Gift Baskets generated $768.520 million, a 5.2% decline.

Loss Narrows As Margins Contract

Net loss was $134.8 million, compared with $200.0 million in fiscal 2025. Gross margin ended fiscal 2026 at 38.0%, a 70-basis-point decline from the prior fiscal year. The company attributed the margin pressure primarily to deleveraging from lower sales, partly offset by cost-reduction and operational-efficiency initiatives. The company linked the decline to lower sales and reduced gross margin, with lower Advertising costs providing a partial offset. Marketing and sales expenses were $402.821 million, compared with $480.439 million in fiscal 2025. Technology and development expenses were $57.857 million, compared with $62.279 million, while general and administrative expenses rose to $139.003 million from $116.926 million. Goodwill Impairment was $34.554 million, compared with $119.023 million in fiscal 2025. Intangible impairment was $10.600 million, compared with $24.800 million.

Cash Flow And Investment

Operating activities provided $18.308 million of cash during fiscal 2026, compared with cash used of $26.363 million in fiscal 2025. Capital expenditures were $31.280 million, versus $41.463 million. Free cash flow was negative $12.972 million, compared with negative $67.826 million in fiscal 2025. Inventory stood at $152.783 million at June 28, 2026, compared with $177.127 million at June 29, 2025. Finished goods were $81.822 million, work-in-process inventory was $19.187 million and raw materials were $51.774 million. Property, plant and equipment, net, totaled $194.216 million at June 28, 2026, compared with $215.596 million a year earlier. Software represented $234.418 million of gross property, plant and equipment.

Leadership Changes And Business Foundation

1 800 FLOWERS COM described fiscal 2026 as a period focused on strengthening the business foundation. The company said it strengthened its leadership team and began updating its digital and marketing capabilities. The company said it simplified its operations. The company also described a shift toward a customer-first, data-driven organization. The stated long-term objective is sustainable, profitable growth. BloomNet includes BloomNet, Napco and Card Isle.