1-800-FLOWERS.COM Updates FY23 Outlook, Sees Revenue Decline 8% Y/Y Vs. $2.07B Estimate

Company Guidance

Based on its third quarter performance and outlook for the balance of the year, the Company is updating its Fiscal 2023 guidance. This outlook includes a continuation of the challenging consumer environment, which is expected to be mitigated by the Company's expense management efforts.

The Company expects:

• total revenues to decline approximately 8% as compared with the prior year;
• adjusted EBITDA1 to be in a range of $85 million to $90 million; and
• Free Cash Flow1 to exceed $75 million