1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) filed a Form 8-K on September 9, 2026, announcing an amendment to its credit agreement and releasing financial results for Fiscal 2026.
The company entered into a Third Amendment to its Third Amended and Restated Credit Agreement on September 9, 2026. The amendment modifies financial covenants, replacing them with a minimum liquidity covenant until the end of the fiscal quarter ending September 26, 2027, and a minimum consolidated EBITDA covenant for the period ending December 26, 2027. Additionally, the amendment expands permissions for asset sales, allowing the company to retain up to $30.0 million in aggregate proceeds from such sales after making a mandatory prepayment of at least $15.0 million on its term loan.
Separately, the company reported results for its Fiscal Year 2026, which ended June 28, 2026. Total consolidated revenues for the year decreased 10.8% to $1.50 billion. The company reported a net loss of $134.8 million, or $(2.11) per diluted share, which included a $45.2 million non-cash goodwill and intangible impairment charge. Adjusted EBITDA for the fiscal year was reported at $2.9 million.
For the Fiscal 2026 fourth quarter, revenues decreased 12.9% to $293.1 million. The company reported a net loss of $52.3 million, or $(0.82) per diluted share, and an Adjusted EBITDA loss of $(31.0) million.
Looking ahead to Fiscal 2027, the company expects net revenues to decline in the mid-single digit range compared to Fiscal 2026. It projects adjusted EBITDA of $10 million to $15 million for the year.
