1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Q1 2025 Earnings Conference Call October 31, 2024 8:00 AM ET

Company Participants

Andy Milevoj - Senior Vice President, Investor Relations
Jim McCann - Chairman and CEO
Tom Hartnett - President
Bill Shea - Chief Financial Officer
James Langrock - Chief Administrative Officer and Incoming CFO

Conference Call Participants

Alex Fuhrman - Craig-Hallum
Andy Lebiedzinski - Sidoti & Company
Michael Kupinski - NOBLE Capital Markets
Linda Bolton Weiser - D.A. Davidson
Doug Lane - Water Tower Research

Operator

Good morning. And welcome to the 1-800-FLOWERS.COM 2025 First Quarter Fiscal Year Earnings Conference Call. Today, all participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask your questions. [Operator Instructions]

Please note that today’s event is being recorded. I would now like to turn today’s event over to Andy Milevoj, Senior Vice President of Investor Relations. Please go ahead.

Andy Milevoj

Good morning. And welcome to our fiscal 2025 first quarter earnings call. Joining us today are Jim McCann, Chairman and CEO; Tom Hartnett, President; Bill Shea, CFO; and James Langrock, CAO and incoming CFO upon Bill’s retirement in December.

Before we begin, I’d like to remind you that some of the statements we make on today’s call are covered by the Safe Harbor disclaimer contained in our press release and public documents. During this call, we will make forward-looking statements with predictions, projections and other statements about future events.

These statements are based on current expectations and assumptions that are subject to risks and uncertainties, including those contained in our press release and public filings with the Securities and Exchange Commission. The company disclaims any obligation to update any of the forward-looking statements that may be made or discussed during today’s call.

Additionally, we will discuss certain supplemental financial measures that were not prepared in accordance with GAAP. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures can be found in the tables of our earnings release.

And now, I’ll turn the call over to Jim.

Jim McCann

Thanks, Andy, and good morning, everyone. This morning, I’ll share my perspective on the current environment and our recent performance, and then I’ll turn the call over to Bill and Tom, who will provide the business and financial updates.

As we announced this morning, our first quarter performance generally came in line with our expectations. We began to see slight improvement in our e-commerce revenue trends, our gross profit margin continued to grow and through our Work Smarter initiatives to operate more efficiently, we reduced our operating expenses.