1-800-FLOWERS.COM, Inc. reported its fiscal 2025 second quarter results for the period ended December 29, 2024, on January 30, 2025. The company generated revenues of $775.5 million, a 5.7% decrease year-over-year, which was below anticipated pace.
The company cited a softer than expected and highly promotional consumer environment, a pullback in corporate gifting orders, and issues with the new Harry & David order management system implementation as contributing factors to the revenue decline. CEO Adolfo Villagomez later acknowledged that the company's performance was disappointing and required a fundamental transformation of its strategy to return to sales and profit growth.
In conjunction with the earnings report, the company announced an amendment to its credit agreement to provide more clarity and flexibility. Key changes included revising the definition of Consolidated EBITDA, clarifying optional term loan prepayments, and revising the definition of Consolidated Fixed Charges.
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