earnings
confidence high
sentiment negative
materiality 0.70
1-800-Flowers Q3 net loss $71M incl. $53M impairment; adj. net loss improves to $17.8M
1 800 FLOWERS COM INC
2022-Q3 EPS reported
-$0.34
revenue$1,619,047,000
- Net revenue $417.6M; net loss of $71.0M includes $53.1M after-tax goodwill and intangible asset impairment.
- Adjusted net loss improved to $17.8M from $21.0M in prior-year period; adjusted EBITDA loss narrowed to $5.5M from $12.0M.
- Gross margin improvement and operating efficiencies partially offset revenue decline; company updates fiscal 2023 outlook.