1-800-FLOWERS.COM, INC. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed on September 9, 2026, by 1-800-FLOWERS.COM, INC. The filing primarily addresses the entry into a material definitive agreement regarding the company's credit facilities and references the release of financial results for the fiscal year ended June 28, 2026.
Key Financial Metrics and Agreements
The filing details a Third Amendment to the company's Third Amended and Restated Credit Agreement. Specific financial metrics such as revenue, profit, cash flow, and margins for the fiscal year ended June 28, 2026, are not provided in the text of this 8-K; they are referenced in a press release filed as Exhibit 99.1. The filing does not provide a clear value for current debt levels or liquidity positions beyond the covenant requirements.
Material Changes: Credit Agreement Amendment
On September 9, 2026, the Company entered into a Third Amendment to its credit agreement with JPMorgan Chase Bank, N.A., as Administrative Agent. Key modifications include:
- Financial Covenants: Replaced existing covenants with a minimum liquidity covenant until September 26, 2027, and a minimum consolidated EBITDA covenant from December 26, 2027, through the end of the "Affected Period."
- Asset Sales: Expanded permissions for asset sales, allowing the Company to retain up to $30.0 million in aggregate proceeds after making a mandatory prepayment of at least $15.0 million on the Term Loan.
- Intellectual Property: Imposed additional restrictions on transferring material intellectual property to non-guarantor subsidiaries.
- Reporting and Prepayments: Required monthly conference calls with lenders and imposed additional prepayment obligations on the revolving credit facility during the Affected Period.
The "Affected Period" is defined as the time from May 6, 2025, until the earlier of June 26, 2028, or the date the Company demonstrates compliance with the amended covenants and elects to terminate the modifications.
Guidance, Outlook, and Risks
The filing references a press release issued on September 10, 2026, containing results for the Fiscal 2026 Fourth Quarter and Full Year. The text of the 8-K itself does not contain specific management commentary, forward-looking guidance, or a detailed risk assessment beyond the operational constraints imposed by the new credit agreement terms.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, profit, and cash flow figures for the fiscal year ended June 28, 2026.
- Examine Exhibit 10.1 (Third Amendment) for the full legal text of the new financial covenants and prepayment obligations.
- Verify the company's current liquidity position to ensure compliance with the new minimum liquidity covenant effective until September 26, 2027.
- Monitor the "Affected Period" timeline to understand the duration of the enhanced lender reporting and prepayment requirements.