MeritValue

1 800 FLOWERS COM INC

FLWSdata completeness 100%16 fiscal years on file

Data notes: no data for concept 'interestExpense'

The thesis, from the filings

1 800 FLOWERS COM INC earns about -11% on equity, below its ~9% cost of capital, and has bought back 4% of its shares over 5 years — no moat visible in the numbers. The estimate methods put fair value between $9.63 and $10.58 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$2.12B1$2.21B2$2.02B3$1.83B3$1.69B3
Net income$118.7M4$29.6M5−$44.7M6−$6.11M6−$200M6
Operating cash flow$173.3M7$5.19M8$115.4M9$95M9−$26.4M9
Capital expenditure$55.2M10$66.4M11$44.6M12$38.6M12$41.5M12
Free cash flow (derived)$118.1M7−$61.2M8$70.7M9$56.4M9−$67.8M9
Total debt$201.5M13$182.5M14$206.4M15$197.1M16$176.8M16
Cash & equivalents$173.6M17$31.5M18$126.8M19$159.4M20$46.5M20
Diluted shares66.5M65.6M64.7M64.6M63.8M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
$42.05
your share of equity
Profit it earned you last year
−$31.34
Free cash flow it threw off
−$10.63
Debt you’d be carrying
$27.7

10 shares is a claim on $42.05 of net worth that earned you −$31.34 and generated −$10.63 of cash last year, against $27.7 of debt.

iii. Is this a good business?
Moat signal · return on equity
-11% avg · 5y
FY21 23%FY22 6%FY23 -9%FY24 -1%FY25 -75%

It earned about -11% on equity against a ~9% cost of capital — below the cost of funding. The numbers show no moat.

seeing a moat in the numbers →
Management signal · capital allocation
−4% shares · 5y

Share count is down 4% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has fallen 12% — deleveraging.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

The 2 estimate methods that apply put fair value between $9.63 and $10.58 a share. They rest on different assumptions, so where they diverge is the story.

DCF · Growth Exit 10Y
$9.63
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth0.0%
  • fcfBase$56.4M
DCF · Growth Exit 5Y
$10.58
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth0.0%
  • fcfBase$56.4M
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

v. The price question — last, on purpose
Is today’s price fair?
See live price ↗
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years0.0%
Discount rate (WACC)8.93%
Terminal growth2.5%
At your growth, a share is worth $10.58
The three cases
Bear0.0%$10.58
Base0.0%$10.58
Bull5.0%$13.64

Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.

Default growth 0.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 10-K · period ending 2021-06-27 · accession 0001437749-23-025967 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-07-03 · accession 0001437749-24-028591 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-07-02 · accession 0001084869-25-000017 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-06-27 · accession 0001437749-23-025967 (NetIncomeLoss)
  5. 10-K · period ending 2022-07-03 · accession 0001437749-24-028591 (NetIncomeLoss)
  6. 10-K · period ending 2023-07-02 · accession 0001084869-25-000017 (NetIncomeLoss)
  7. 10-K · period ending 2021-06-27 · accession 0001437749-23-025967 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-07-03 · accession 0001437749-24-028591 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-07-02 · accession 0001084869-25-000017 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-06-27 · accession 0001437749-23-025967 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2022-07-03 · accession 0001437749-24-028591 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2023-07-02 · accession 0001084869-25-000017 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-06-27 · accession 0001437749-22-022580 (LongTermDebtNoncurrent)
  14. 10-K · period ending 2022-07-03 · accession 0001437749-23-025967 (LongTermDebtNoncurrent)
  15. 10-K · period ending 2023-07-02 · accession 0001437749-24-028591 (LongTermDebtNoncurrent)
  16. 10-K · period ending 2024-06-30 · accession 0001084869-25-000017 (LongTermDebtNoncurrent)
  17. 10-K · period ending 2021-06-27 · accession 0001437749-22-022580 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2022-07-03 · accession 0001437749-23-025967 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-07-02 · accession 0001437749-24-028591 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2024-06-30 · accession 0001084869-25-000017 (CashAndCashEquivalentsAtCarryingValue)