Financial Analysis

Commitments and contingencies Other Commitments The Companys purchase commitments consist primarily of inventory, equipment and technology (hardware and software) purchase orders made in the ordinary course of business, most of which have terms less than one year. As of June 28, 2026, the Company had fixed and determinable off-balance sheet purchase commitments with remaining terms in excess of one year of approxima tely $13.8 million , primarily related to the Companys technology infrastructure and inventory commitments. The Company had approximately $3.1 million and $1.9 million in unused stand-by letters of credit as of June 28, 2026 and June 29, 2025, respectively. Litigation There are various claims, lawsuits, and pending actions against the Company and its subsidiaries incident to the operations of its businesses. It is the opinion of management, after consultation with counsel, that the final resolution of such claims, lawsuits and pending actions will not have a material adverse effect on the Company's consolidated financial position, results of operations or liquidity. …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"Long-term debt, net The Companys current and long-term debt, net consists of the following: June 28, 2026 June 29, 2025 (in thousands) Revolving credit facility $ - $ - Term loan 139,000 160,000 Deferred financing costs (2,824) (4,236) Total debt 136,176 155,764 Less: Current maturities of long-term debt 24,000 21,000 Long-term debt, net $ 112,176 $ 134,764 The Company, certain of its U.S. subsidiaries, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, are party to a Third Amended and Restated Credit Agreement (the Third Restated Credit Agreement and, as amended by that certain First Amendment (the First Amendment), dated as of January 28, 2025, and that certain Second Amendment (the Second Amendment), dated as of May 6, 2025, the Amended Third Restated Credit Agreement, and the Amended Third Restated Credit Agreement as amended by that certain Third Amendment, dated as of September 9, 2026 (the Third Amendment), the Existing Credit Agreement). On September 9, 2026, the Company, certain of its U.S. subsidiaries, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, entered into the Third Amendment to the Amended Third Restated Credit Agreement. The Third Amendment amended the Amended Third Restated Credit Agreement by, among other modifications, (i) replacing the financial covenants set forth therein with (x) a minimum liquidity financial covenant until the end of the Companys fiscal quarter ending September 26, 202 …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table represent a disaggregation of revenue from contracts with customers, by channel: Years Ended Consumer Floral & Gifts BloomNet Gourmet Foods & Gift Baskets Corporate and Eliminations Consolidated June 28, 2026 June 29, 2025 June 30, 2024 June 28, 2026 June 29, 2025 June 30, 2024 June 28, 2026 June 29, 2025 June 30, 2024 June 28, 2026 June 29, 2025 June 30, 2024 June 28, 2026 June 29, 2025 June 30, 2024 (in thousands) Net revenues E-commerce $ 631,608 $ 768,631 $ 840,569 $ - $ - $ - $ 641,518 $ 695,814 $ 773,630 $ - $ - $ - $ 1,273,126 $ 1,464,445 $ 1,614,199 Other 7,323 8,150 9,222 96,832 98,707 107,802 127,002 115,127 100,632 (772) (771) (434) 230,385 221,213 217,222 Total net revenues $ 638,931 $ 776,781 $ 849,791 $ 96,832 $ 98,707 $ 107,802 $ 768,520 $ 810,941 $ 874,262 $ (772) $ (771) $ (434) $ 1,503,511 $ 1,685,658 $ 1,831,421 Other revenues detail Retail and other 7,323 8,150 9,222 - - - 10,818 9,717 9,534 - - - 18,141 17,867 18,756 Wholesale - - - 40,888 40,830 42,362 116,184 105,410 91,098 - - - 157,072 146,240 133,460 BloomNet services - - - 55,944 57,877 65,440 - - - - - - 55,944 57,877 65,440 Corporate - - - - - - - - - 249 333 796 249 333 796 Eliminations - - - - - - - - - (1,021) (1,104) (1,230) (1,021) (1,104) (1,230) Total other revenues $ 7,323 $ 8,150 $ 9,222 $ 96,832 $ 98,707 $ 107,802 $ 127,002 $ 115,127 $ 100,632 $ (772) $ (771) $ (434) $ 230,385 $ 221,213 $ 217,222

DisaggregationOfRevenueTableTextBlock

Stock based compensation The Plan is administered by the Compensation Committee or such other Board committee (or the entire Board) as may be designated by the Board. The amounts of stock-based compensation expense recognized within operating income (1) in the periods presented are as follows: Years Ended June 28, 2026 June 29, 2025 June 30, 2024 (in thousands) Stock options $ 2,634 $ 4,729 $ 4,422 Restricted stock awards 8,622 7,162 6,266 Total 11,256 11,891 10,688 (1) Stock-based compensation expense has not been allocated among business segments, but is reflected as part of Corporate overhead (See Note 17 - Business segments for details). Stock-based compensation expense is recorded within the following line items of operating expenses: Years Ended June 28, 2026 June 29, 2025 June 30, 2024 (in thousands) Marketing and sales $ 5,178 $ 5,470 $ 4,916 Technology and development 901 951 855 General and administrative 5,177 5,470 4,917 Total $ 11,256 $ 11,891 $ 10,688 Stock Options The weighted average fair value of stock options on the date of grant, and the assumptions used to estimate the fair value of the stock options using the Black-Scholes option valuation model, were as follows: Years Ended June 28, 2026 June 29, 2025 June 30, 2024 (1) Weighted average fair value of options granted n/a $3.25 $6.09 Expected volatility n/a 58% 56% Expected life (in years) n/a 7 7 Risk-free interest rate n/a 4.3% 3.9% Expected dividend yield n/a % % (1) No options were granted during the fi …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair value measurements Cash and cash equivalents, trade and other receivables, prepaids, accounts payable and accrued expenses are reflected in the consolidated balance sheets at carrying value, which approximates fair value due to the short-term nature of these instruments. Although no trading market exists, the Company believes that the carrying amount of its debt approximates fair value due to its variable nature (these are level 2 investments). The Companys investments in non-marketable equity instruments of private companies are carried at cost and are periodically assessed for other-than-temporary impairment when an event or circumstance indicates that an other-than-temporary decline in value may have occurred. The Companys remaining financial assets and liabilities are measured and recorded at fair value (see table below). The Companys non-financial assets, such as definite lived intangible assets and property, plant and equipment, are recorded at cost and are assessed for impairment when an event or circumstance indicates that an other-than-temporary decline in value may have occurred. Goodwill and indefinite-lived intangibles are tested for impairment annually, or more frequently, if events occur or circumstances change such that it is more likely than not that an impairment may exist, as required under the accounting standards. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability, in the principal or most advant …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

"Goodwill, trademarks with indefinite lives and other intangibles, net The following table presents goodwill by segment and the related change in the net carrying amount: Consumer Floral & Gifts BloomNet Gourmet Foods & Gift Baskets Total (in thousands) Balance at June 30, 2024 (1) $ 153,577 $ 2,960 $ - $ 156,537 Acquisition of Scharffen Berger - - 111 111 Impairment (119,023) - - (119,023) Balance at June 29, 2025 (2) $ 34,554 $ 2,960 $ 111 $ 37,625 Impairment (34,554) - - (34,554) Balance at June 28, 2026 (3) $ - $ 2,960 $ 111 $ 3,071 (1) The total carrying value of goodwill is reflected net of $133.4 million of accumulated impairment charges related to the Gourmet Foods & Gift Baskets reporting unit. (2) The total carrying value of goodwill is reflected net of $252.4 million of accumulated impairment charges, of which $119.0 million is related to the Consumer Floral & Gifts reporting unit and $133.4 million is related to the Gourmet Foods & Gift Baskets reporting unit. (3) The total carrying value of goodwill is reflected net of $287.0 million of accumulated impairment charges, of which $153.6 million is related to the Consumer Floral & Gifts reporting unit and $133.4 million is related to the Gourmet Foods & Gift Baskets reporting unit. The Companys trademarks with indefinite lives and other intangible assets, net consists of the following: June 28, 2026 June 29, 2025 Amortization Period (1) Gross Carrying Amount Accumulated Amortization Net Gr …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

"Income taxes Significant components of the income tax provision are as follows: Years Ended June 28, 2026 June 29, 2025 June 30, 2024 (in thousands) Current provision (benefit): Federal $ 143 $ (1,942) $ 11,774 State 546 1,125 161 Foreign 176 Current income tax expense (benefit) 689 (641) 11,935 Deferred provision (benefit): Federal (558) (12,880) (14,246) State (135) 131 2,514 Foreign 26 Deferred income tax benefit (693) (12,723) (11,732) Income tax (benefit) expense $ (4) $ (13,364) $ 203 The Company adopted ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures on a prospective basis beginning with the year ended June 28, 2026. The following table presents required disclosure pursuant to ASU 2023-09 and reconciles the U.S. federal statutory tax amount and rate to the Companys actual effective amount and rate for the year ended June 28, 2026: Year Ended June 28, 2026 Amount Percent (in thousands) U.S. federal statutory rate $ (28,301) 21.0 % State and local income tax, net of federal income tax effect (1) 296 (0.2) Tax Credits: Research and development credit (1,905) 1.4 Work opportunity tax credits (329) 0.2 Changes in valuation allowances 26,293 (19.5) Non-taxable or non-deductible items: Share-based compensation 2,947 (2.2) Executive compensation 133 (0.1) Changes in unrecognized tax benefits 523 (0.4) Other adjustments 339 (0.2) Effective tax rate $ (4) 0.0 % (1) State taxes in Texas and New York, and local taxes in Ohio accounted for the majority …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases T he Company currently leases plants, warehouses, offices, store facilities, and equipment under various leases through fiscal 2036. W hile most lease agreements are of a long-term nature (over a year), the Company also enters into short-term leases, primarily for seasonal needs. Lease agreements may contain renewal options and rent escalation clauses and require the Company to pay real estate taxes, insurance, common area maintenance and operating expenses applicable to the leased properties. The Company accounts for its leases in accordance with ASC 842. At contract inception, the Company determines whether a contract is, or contains, a lease by determining whether it conveys the right to control the use of the identified asset for a period of time, by assessing whether the Company has the right to obtain substantially all of the economic benefits from the use of the identified asset and the right to direct the use of the identified asset. At the lease commencement date, the Company determines if a lease should be classified as an operating or a finance lease (the Company currently has no finance leases) and recognizes a corresponding lease liability and a right-of-use asset on its consolidated balance sheet. The lease liability is initially and subsequently measured as the present value of the remaining fixed minimum rental payments (including base rent and fixed common area maintenance) using discount rates as of the commencement date. Variable payments (including …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

"Recently Issued Accounting Pronouncements - Adopted In December 2023, the Financial Accounting Standards Board (""FASB"") issued Accounting Standards Update (""ASU"") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 requires the disclosure of additional information with respect to the reconciliation of the effective tax rate to the statutory rate for federal, state, and foreign income taxes and requires greater detail about significant reconciling items in the reconciliation. Additionally, the amendment requires disaggregated information pertaining to taxes paid, net of refunds received, for federal, state, and foreign income taxes. The standard is effective for fiscal years beginning after December 15, 2024, with early adoption permitted, and allows for either a prospective or retrospective approach on adoption. The Company adopted ASU 2023-09 prospectively in the fourth quarter of fiscal 2026. See Note 12 Income Taxes for the additional disclosures required under this standard. Recently Issued Accounting Pronouncements In December 2025, the FASB issued ASU 2025-12, Codification Improvements . ASU 2025-12 includes changes that clarify, correct errors in, or make other minor improvements to a broad range of topics that are intended to make them easier to understand and apply, including ASC 260, Earnings Per Share , ASC 325, Investments Other . The amendments in ASU 2025-12 are effective for annual periods beginning after December 15, 20 …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

"Employee retirement plans The Company has a 401(k) Profit Sharing Plan covering substantially all of its eligible employees. All employees who have attained the age of 21 are eligible to participate upon completion of one month of service. Participants may elect to make voluntary contributions to the 401(k) plan in amounts not exceeding federal guidelines. On an annual basis, the Company, as determined by its Board of Directors, may make certain discretionary contributions. Employees are vested in the Company's contributions based upon years of service. The Company contributed $1.4 million, $1.5 million, and $1.7 million during fiscal 2026, 2025, and 2024, respectively. The Company also has a nonqualified supplemental deferred compensation plan for certain executives pursuant to Section 409A of the Internal Revenue Code. Participants can defer from 1% up to a maximum of 100% of salary and performance and non-performance based bonus. There were no Company contributions to the plan during fiscal 2026, 2025 and 2024. Distributions will be made to participants upon termination of employment or death in a lump sum, unless installments are selected by the participant. As of June 28, 2026 and June 29, 2025, these plan liabilities, which are included in Other liabilities within the Companys consolidated balance sheets, totaled $46.9 million and $38.4 million, respectively. The associated plan assets, which are subject to the claims of the creditors, are primarily invested in mutual …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Business segments The Company has determined it has three business segments, Consumer Floral & Gifts, BloomNet, and Gourmet Foods & Gift Baskets. These segments align with how operating results are reviewed by the Company's Chief Executive Officer, as Chief Operating Decision Maker to manage the business, assess performance and allocate resources, and further aligns with our product offerings. Consumer Floral & Gifts this segment, which includes the operations of the 1-800-Flowers.com, Personalization Mall, and Things Remembered brands, derives revenues from the sale of consumer floral products and gifts through its e-commerce sales channels (telephonic and online sales), retail stores, and royalties from its franchise operations. BloomNet revenues in this segment are derived from membership fees, as well as other product and service offerings. Gourmet Foods & Gift Baskets this segment includes the operations of Harry & David, Wolfermans Bakery, Cheryls Cookies, The Popcorn Factory, 1-800-Baskets.com/DesignPac, Sharis Berries, Vital Choice, and Scharffen Berger. Revenue is derived from the sale of gourmet fruits, cookies, baked gifts, premium chocolates and confections, gourmet popcorn, gift baskets, dipped berries, prime steaks, chops, and fish, through the Companys e-commerce sales channels (telephonic and online sales) and company-owned and operated retail stores under the Harry & David and Cheryls Cookies brand names, as well as wholesale operation …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Subsequent events On July 29, 2026, subsequent to June 28, 2026, a fire occurred at the Companys Hebron, Ohio facility, resulting in damage to certain property and equipment and inventory. Because the event occurred after the balance-sheet date, no loss related to the fire has been recognized in the accompanying financial statements as of June 28, 2026. The Company maintains insurance coverage for property damage and business interruption and has submitted a claim to its insurance carrier. The Company has already received some recovery amounts from the insurance company and is continuing to work with the insurance carrier to finalize the evaluation and settlement of the claim. As of the date the financial statements were issued, the facilitys operations had partially resumed. The Company continues to assess the extent of the damage and related insurance recoveries; however, the ultimate financial impact of the fire could not yet be reasonably estimated. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

Commitments and contingencies Litigation There are various claims, lawsuits, and pending actions against the Company and its subsidiaries incident to the operations of its businesses. It is the opinion of management, after consultation with counsel, that the final resolution of such claims, lawsuits and pending actions will not have a material adverse effect on the Company's consolidated financial position, results of operations or liquidity.

CommitmentsAndContingenciesDisclosureTextBlock

"Long-term debt, net The Companys current and long-term debt, net consists of the following: December 28, 2025 June 29, 2025 (in thousands) Revolving credit facility $ - $ - Term loan 151,000 160,000 Deferred financing costs (3,530) (4,236) Total debt 147,470 155,764 Less: current maturities of long-term debt 24,000 21,000 Long-term debt, net $ 123,470 $ 134,764 The Company, certain of its U.S. subsidiaries, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, are party to a Third Amended and Restated Credit Agreement (the Third Restated Credit Agreement and, as amended by that certain First Amendment (the First Amendment), dated as of January 28, 2025, and that certain Second Amendment (the Second Amendment), dated as of May 6, 2025, the Existing Credit Agreement). For each borrowing under the Existing Credit Agreement, the Company may elect that such borrowing bear interest at an annual rate equal to either: (1) a base rate plus an applicable margin varying (other than during the Affected Period) based on the Companys consolidated leverage ratio, where the base rate is the highest of (a) the prime rate, (b) the New York fed bank rate plus 0.5%, and (c) an adjusted SOFR rate for a one-month interest period plus 1.0%, or (2) an adjusted SOFR rate plus an applicable margin varying (other than during the Affected Period) based on the Companys consolidated leverage ratio. The adjusted SOFR rate includes a credit spread adjustment of 0.1% for all inte …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table represents a disaggregation of revenue from contracts with customers, by channel: Three Months Ended Consumer Floral & Gifts BloomNet Gourmet Foods & Gift Baskets Corporate and Eliminations Consolidated December 28, 2025 December 29, 2024 December 28, 2025 December 29, 2024 December 28, 2025 December 29, 2024 December 28, 2025 December 29, 2024 December 28, 2025 December 29, 2024 (in thousands) Net revenues E-commerce $ 179,534 $ 232,514 $ - $ - $ 416,132 $ 444,812 $ - $ - $ 595,666 $ 677,326 Other 1,711 1,835 22,124 22,837 82,857 73,642 (179) (148) 106,513 98,166 Total net revenues $ 181,245 $ 234,349 $ 22,124 $ 22,837 $ 498,989 $ 518,454 $ (179) $ (148) $ 702,179 $ 775,492 Other revenues detail Retail and other 1,711 1,835 - - 5,263 4,559 - - 6,974 6,394 Wholesale - - 8,563 8,571 77,594 69,083 - - 86,157 77,654 BloomNet services - - 13,561 14,266 - - - - 13,561 14,266 Corporate - - - - - - 89 113 89 113 Eliminations - - - - - - (268) (261) (268) (261) Total other revenues $ 1,711 $ 1,835 $ 22,124 $ 22,837 $ 82,857 $ 73,642 $ (179) $ (148) $ 106,513 $ 98,166 Six Months Ended Consumer Floral & Gifts BloomNet Gourmet Foods & Gift Baskets Corporate and Eliminations Consolidated December 28, 2025 December 29, 2024 December 28, 2025 December 29, 2024 December 28, 2025 December 29, 2024 December 28, 2025 December 29, 2024 December 28, 2025 December 29, 2024 (in thousands) Net revenues E-commerce $ 293,620 $ 366,058 $ - $ - $ 471,060 $ 504,442 $ …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

"Fair value measurements Cash and cash equivalents, trade and other receivables, prepaids, accounts payable and accrued expenses are reflected in the consolidated balance sheets at carrying value, which approximates fair value due to the short-term nature of these instruments. Although no trading market exists, the Company believes that the carrying amount of its debt approximates fair value due to its variable nature (these are level 2 investments). The Companys investments in non-marketable equity instruments of private companies are carried at cost and are periodically assessed for other-than-temporary impairment when an event or circumstances indicate that an other-than-temporary decline in value may have occurred. The Companys remaining financial assets and liabilities are measured and recorded at fair value (see table below). The Companys non-financial assets, such as definite lived intangible assets and property, plant and equipment, are recorded at cost and are assessed for impairment when an event or circumstance indicates that an other-than-temporary decline in value may have occurred. Goodwill and indefinite-lived intangibles are tested for impairment annually, or more frequently, if events occur or circumstances change such that it is more likely than not that an impairment may exist, as required under the accounting standards. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability, in the principal or most advan …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill, Trademarks with indefinite lives and other intangibles, net The following table presents goodwill by segment: Consumer Floral & Gifts BloomNet Gourmet Foods & Gift Baskets Total (in thousands) Balance at June 29, 2025 and December 28, 2025 $ 34,554 $ 2,960 $ 111 $ 37,625 The total carrying value of goodwill is reflected net of $252.4 million of accumulated impairment charges, of which $119.0 million is related to the Consumer Floral & Gifts reporting unit and $133.4 million is related to the Gourmet Foods & Gift Baskets reporting unit. The Companys trademarks with indefinite lives and other intangible assets, net consists of the following: December 28, 2025 June 29, 2025 Amortization Period Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net (in years) (in thousands) Intangible assets with determinable lives Investment in licenses 14 - 16 $ 7,420 $ 6,832 $ 588 $ 7,420 $ 6,780 $ 640 Customer lists 3 - 10 29,647 28,552 1,095 29,647 27,818 1,829 Other 5 - 14 2,946 2,754 192 2,946 2,724 222 Total intangible assets with determinable lives 40,013 38,138 1,875 40,013 37,322 2,691 Trademarks with indefinite lives 86,673 - 86,673 86,673 - 86,673 Total identifiable intangible assets $ 126,686 $ 38,138 $ 88,548 $ 126,686 $ 37,322 $ 89,364 Future estimated amortization expense is as follows: remainder of fiscal 2026 - $0.6 million, fiscal 2027 - $0.6 million, fiscal 2028 - $0.3 million, fiscal 2029 - $0.2 million …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income taxes The Company computed the interim tax provision using an estimated annual effective rate, adjusted for discrete items. This estimate is used in providing for income taxes on a year-to-date basis and may change in subsequent interim periods. The Companys effective tax rate for the three and six months ended December 28, 2025 were (0.6)% and 0.2% compared to 26.7% and 23.2% in the same periods of the prior year. The Companys effective tax rate for the three and six months ended December 28, 2025 differed from the U.S. federal statutory rate of 21.0% primarily due to the change in valuation allowance, state income taxes and interest on uncertain tax positions. The Companys effective tax rate for the three and six months ended December 29, 2024 differed from the U.S. federal statutory rate of 21.0% primarily due to state income taxes, tax deficiencies (shortfalls) from stock-based compensation and increases in valuation allowances, partially offset by tax credits. For the year ended June 29, 2025, the Company had a total valuation allowance of approximately $40.6 million primarily related to net operating losses, charitable contributions, and deferred tax assets that are not more likely than not realizable. For the six months ended December 28, 2025, the Company decreased its valuation allowance by $5.8 million. The Company completed its initial assessment of the One Big Beautiful Bill Act (OBBBA) corporate tax provisions enacted on July 4, 2025. OBBBA contained sever …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"Leases The Company currently leases plants, warehouses, offices, store facilities, and equipment under various leases through fiscal 2036. M ost lease agreements are of a long-term nature (over a year), although the Company also enters into short-term leases, primarily for seasonal needs. Lease agreements may contain renewal options and rent escalation clauses and require the Company to pay real estate taxes, insurance, common area maintenance and operating expenses applicable to the leased properties. The Company accounts for its leases in accordance with Accounting Standards Codification (""ASC"") 842. At contract inception, the Company determines whether a contract is, or contains, a lease by determining whether it conveys the right to control the use of the identified asset for a period of time, by assessing whether the Company has the right to obtain substantially all of the economic benefits from the use of the identified asset and the right to direct the use of the identified asset. At the lease commencement date, the Company determines if a lease should be classified as an operating or a finance lease (the Company currently has no finance leases) and recognizes a corresponding lease liability and a right-of-use asset on its consolidated balance sheet. The lease liability is initially and subsequently measured as the present value of the remaining fixed minimum rental payments (including base rent and fixed common area maintenance) using discount rates as of the comme …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

"Recently Issued Accounting Pronouncements In November 2024, the Financial Accounting Standards Board (""FASB"") issued Accounting Standards Update (""ASU"") 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. ASU 2024-03 requires enhanced disclosures about a business entity's expenses, includes enhanced interim disclosure requirements, and requires additional disclosure about specific types of expenses included in the expense captions presented on the face of the income statement, as well as disclosures about selling expenses. The amendments in ASU 2024-03 are effective for fiscal years beginning after December 15, 2026, and interim reporting periods within fiscal years beginning after December 15, 2027, with early adoption permitted. ASU 2024-03 allows for either a prospective or retrospective approach on adoption. The Company is currently evaluating the impact of ASU 2024-03 on its consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 requires the disclosure of additional information with respect to the reconciliation of the effective tax rate to the statutory rate for federal, state, and foreign income taxes and requires greater detail about significant reconciling items in the reconciliation. Additionally, the amendment requires disaggregated …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Business segments The Company has determined it has three business segments, Consumer Floral & Gifts, BloomNet, and Gourmet Foods & Gift Baskets. These segments align with how operating results are reviewed by the Company's Chief Executive Officer, as Chief Operating Decision Maker to manage the business, assess performance and allocate resources, and further aligns with our product offerings. Consumer Floral & Gifts this segment, which includes the operations of the 1-800-Flowers.com, Personalization Mall, and Things Remembered brands, derives revenue from the sale of consumer floral products and gifts through its e-commerce sales channels (telephonic and online sales), retail stores, and royalties from its franchise operations. BloomNet revenues in this segment are derived from membership fees, as well as other product and service offerings. Gourmet Foods & Gift Baskets this segment includes the operations of Harry & David, Wolfermans Bakery, Cheryls Cookies, The Popcorn Factory, 1-800-Baskets.com/DesignPac, Sharis Berries, Vital Choice, and Scharffen Berger. Revenue is derived from the sale of gourmet fruits, cookies, baked gifts, premium chocolates and confections, gourmet popcorn, gift baskets, dipped berries, prime steaks, chops, and fish, through the Companys e-commerce sales channels (telephonic and online sales) and company-owned and operated retail stores under the Harry & David and Cheryls Cookies brand names, as well as wholesale operations …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing