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 29, 2025, the Company had fixed and determinable off-balance sheet purchase commitments with remaining terms in excess of one year of approxima tely $21.2 million , primarily related to the Companys technology infrastructure and inventory commitments. The Company had approximately $1.9 million and $1.5 million in unused stand-by letters of credit as of June 29, 2025 and June 30, 2024, 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 29, 2025 June 30, 2024 (in thousands) Revolving credit facility $ - $ - Term loan 160,000 190,000 Deferred financing costs (4,236) (2,887) Total debt 155,764 187,113 Less: current maturities of long-term debt 21,000 10,000 Long-term debt, net $ 134,764 $ 177,113 On June 27, 2023, the Company, certain of its U.S. subsidiaries, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, entered into a Third Amended and Restated Credit Agreement (the Third Restated Credit Agreement). The Third Restated Credit Agreement amended and restated the Companys Second Amended and Restated Credit Agreement, dated as of May 31, 2019 (as amended by the First Amendment, dated as of August 20, 2020, the Second Amendment, dated as of November 8, 2021, and the Third Amendment, dated as of August 29, 2022). The Third Restated Credit Agreement, among other modifications: (i) increased the amount of the outstanding term loan (Term Loan) to $200.0 million, (ii) decreased the amount of the commitments in respect of the revolving credit facility to $225.0 million, subject to a seasonal reduction to an aggregate amount of $125.0 million for the period from January 1 to August 1 of each year, (iii) extended the maturity date of the outstanding Term Loan and the revolving credit facility to June 27, 2028, and (iv) increased the applicable interest rate margins for SOFR and base rate loa …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following tables 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 29, 2025 June 30, 2024 July 2, 2023 June 29, 2025 June 30, 2024 July 2, 2023 June 29, 2025 June 30, 2024 July 2, 2023 June 29, 2025 June 30, 2024 July 2, 2023 June 29, 2025 June 30, 2024 July 2, 2023 (in thousands) Net revenues E-commerce $ 768,631 $ 840,569 $ 911,302 $ - $ - $ - $ 695,814 $ 773,630 $ 833,320 $ - $ - $ - $ 1,464,445 $ 1,614,199 $ 1,744,622 Other 8,150 9,222 9,208 98,707 107,802 133,183 115,127 100,632 131,871 (771) (434) (1,031) 221,213 217,222 273,231 Total net revenues $ 776,781 $ 849,791 $ 920,510 $ 98,707 $ 107,802 $ 133,183 $ 810,941 $ 874,262 $ 965,191 $ (771) $ (434) $ (1,031) $ 1,685,658 $ 1,831,421 $ 2,017,853 Other revenues detail Retail and other 8,150 9,222 9,208 - - - 9,717 9,534 9,751 - - - 17,867 18,756 18,959 Wholesale - - - 40,830 42,362 50,075 105,410 91,098 122,120 - - - 146,240 133,460 172,195 BloomNet services - - - 57,877 65,440 83,108 - - - - - - 57,877 65,440 83,108 Corporate - - - - - - - - - 333 796 375 333 796 375 Eliminations - - - - - - - - - (1,104) (1,230) (1,406) (1,104) (1,230) (1,406) Total other revenues $ 8,150 $ 9,222 $ 9,208 $ 98,707 $ 107,802 $ 133,183 $ 115,127 $ 100,632 $ 131,871 $ (771) $ (434) $ (1,031) $ 221,213 $ 217,222 $ 273,231

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 29, 2025 June 30, 2024 July 2, 2023 (in thousands) Stock options $ 4,729 $ 4,422 $ 2,536 Restricted stock awards 7,162 6,266 5,798 Total 11,891 10,688 8,334 (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 29, 2025 June 30, 2024 July 2, 2023 (in thousands) Marketing and sales $ 5,470 $ 4,916 $ 3,818 Technology and development 951 855 698 General and administrative 5,470 4,917 3,818 Total $ 11,891 $ 10,688 $ 8,334 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 29, 2025 June 30, 2024 July 2, 2023 Weighted average fair value of options granted $3.25 $6.09 $5.13 Expected volatility 58% 56% 52% Expected life (in years) 7 7 7.5 Risk-free interest rate 4.3% 3.9% 4.3% Expected dividend yield % % % The expected volatility of the option is determin …

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 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 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 July 2, 2023 (a) $ 153,376 $ - $ - $ 153,376 Measurement period adjustment for Things Remembered 201 - - 201 Acquisition of Card Isle - 2,960 - 2,960 Balance at June 30, 2024 (a) $ 153,577 $ 2,960 $ - $ 156,537 Acquisition of Scharffen Berger - - 111 111 Impairment (119,023) - - (119,023) Balance at June 29, 2025 (b) $ 34,554 $ 2,960 $ 111 $ 37,625 (a) 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. (b) 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 other intangible assets, net consist of the following: June 29, 2025 June 30, 2024 Amortization Period (1) 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 $ 6,780 $ 640 $ 7,420 $ 6,674 $ 746 Customer lists 3 - 10 29,647 27,818 1,829 29,647 25,932 3,715 Other 5 - 14 2,946 2,724 222 …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes Significant components of the income tax provision are as follows: Years Ended June 29, 2025 June 30, 2024 July 2, 2023 (in thousands) Current provision (benefit): Federal $ (1,942) $ 11,774 $ 976 State 1,125 161 1,572 Foreign 176 Current income tax (benefit) expense (641) 11,935 2,548 Deferred provision (benefit): Federal (12,880) (14,246) (3,145) State 131 2,514 (1,463) Foreign 26 Deferred income tax benefit (12,723) (11,732) (4,608) Income tax (benefit) expense $ (13,364) $ 203 $ (2,060) A reconciliation of the U.S. federal statutory tax rate to the Companys effective tax rate is as follows: Years Ended June 29, 2025 June 30, 2024 July 2, 2023 Tax at U.S. statutory rates 21.0 % 21.0 % 21.0 % State income taxes, net of federal tax benefit 3.4 (8.1) (0.2) Non-deductible impairment charge (1.4) - (16.8) Valuation allowance change (16.8) (28.5) (0.2) Non-deductible compensation (0.1) (0.6) (2.1) Excess tax benefit/shortfalls from stock-based compensation (0.2) (11.9) (1.7) Tax credits 0.3 16.9 2.7 Enhanced deductions - 11.8 2.6 Other, net 0.1 (4.0) (0.9) Effective tax rate 6.3 % (3.4 %) 4.4 % Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The significant components of the Company's deferred income tax assets (liabilities) are as follows: June 29, 2025 June 30, 2024 (in thousands) Deferred income tax asset …

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. While 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 mo …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recently Issued Accounting Pronouncements - Adopted In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . ASU 2023-07 requires enhanced disclosures about significant segment expenses, includes enhanced interim disclosure requirements, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss, provides new segment disclosure requirements for entities with a single reportable segment, and contains other disclosure requirements. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. ASU 2023-07 is to be applied retrospectively to all prior periods presented in the financial statements. The Company adopted this standard in the fourth quarter of fiscal 2025. See Note 17 - Business Segments for the additional disclosures required per this standard. Recently Issued Accounting Pronouncements 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 …

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 $1.5 million, $1.7 million, and $1.9 million during fiscal 2025, 2024, and 2023, 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 2025, 2024 and 2023. 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 29, 2025 and June 30, 2024, these plan liabilities, which are included in Other liabilities within the Companys consolidated balance sheets, totaled $38.4 million and $32.8 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, Things Remembered and Alices Table 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 since July 1, 2024, 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 …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Subsequent Events On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA). The OBBBA makes permanent key elements of the Tax Cuts and Jobs Act, including 100% bonus depreciation, domestic research cost expensing, and the business interest expense limitation. ASC 740, Income Taxes, requires the tax effects of changes in tax rates and tax law to be recognized in the period in which the legislation is enacted. The Company is still evaluating the impact of the OBBBA and the results of such evaluation, if any, will be reflected in the Companys Form 10-Q for the quarter ended September 28, 2025, the period of enactment. …

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