1-800-FLOWERS.COM, INC. Announces FY2026 Results and Amends Credit Agreement

What Happened

• 1-800-FLOWERS.COM, INC. filed an 8-K after issuing a press release on September 10, 2026 announcing its Fiscal 2026 fourth-quarter and full-year results. Separately, on September 9, 2026 the Company and certain U.S. subsidiaries entered into a Third Amendment to their Third Amended and Restated Credit Agreement with the lenders and JPMorgan Chase Bank, N.A. as Administrative Agent.
• The Third Amendment replaces prior financial covenants with a minimum liquidity covenant through the quarter ending September 26, 2027 and a minimum consolidated EBITDA covenant starting with the quarter ending December 26, 2027 for the remainder of the defined Affected Period, and adds other restrictions and reporting requirements.

Key Details

• Third Amendment executed September 9, 2026; press release reporting FY2026 Q4 and full-year results issued September 10, 2026 (Exhibit 99.1).
• “Affected Period” runs from May 6, 2025 until the earlier of June 26, 2028 or the date the Company demonstrates compliance and (if applicable) elects to terminate the modified periods.
• Asset-sale rule modified: Company may retain up to $30.0 million of proceeds from certain asset sales after using at least $15.0 million of proceeds to prepay the Term Loan.
• New requirements include monthly conference calls with lenders, added restrictions on transfers of material intellectual property to non‑guarantor subsidiaries, and additional prepayment obligations for the revolver during the Affected Period.

Why It Matters

• Covenant changes and new lender monitoring increase oversight of the company’s liquidity and cash-flow metrics; investors should watch upcoming financial reports for compliance with the new liquidity and EBITDA tests.
• The ability to retain up to $30M of asset-sale proceeds (after a $15M Term Loan prepayment) gives the company some flexibility to redeploy cash, but also creates mandatory prepayment triggers that could affect available liquidity and capital allocation.
• Monthly lender calls and tighter IP-transfer restrictions signal closer lender engagement; any future covenant breaches or required prepayments could materially affect the company’s financial position. Investors should review the September 10 press release for the company’s reported revenue, earnings and any management commentary on covenant compliance and liquidity.