1-800-FLOWERS.COM Reports Net Loss of $44.7 Million for Fiscal Year 2023
Annual Revenue of $2.02 Billion
By USInMinutes
Published - Sep 15, 2023, 10:10 AM ET
Last Updated - Sep 15, 2023, 10:10 AM EDT
1-800-FLOWERS.COM, a leading online floral and gift retailer, has announced its financial results for the fiscal year ended July 2, 2023. Despite achieving annual revenue of $2.02 billion, the company reported a net loss of $44.7 million.
Financial Performance
The company's financial performance reflected a decline compared to the previous fiscal year. Net revenues decreased from $2.21 billion to $2.02 billion, resulting in a gross profit of $757.5 million. Operating expenses increased to $792.5 million, resulting in an operating loss of $35 million.
