Gourmet Foods

The Marygold Companies Reports Financial Results for the Second Quarter and First Half of Fiscal 2024

Retrieved on: 
Wednesday, February 14, 2024

The Company registered a net loss of $1.2 million, equal to a loss of $0.03 per share, for the fiscal 2024 second quarter, principally reflecting continued investment in the Marygold & Co. fintech app.

Key Points: 
  • The Company registered a net loss of $1.2 million, equal to a loss of $0.03 per share, for the fiscal 2024 second quarter, principally reflecting continued investment in the Marygold & Co. fintech app.
  • TMC reported net income of $0.2 million, or approximately breakeven per share, for the same quarter a year ago.
  • For the six-month period ended December 31, 2023, revenue was $16.7 million, versus $17.7 million for the comparable period last year.
  • Following our successful soft launch in the second half of 2023, we are excited as ever that Marygold & Co. is gaining attention.

1-800-FLOWERS.COM, Inc. Reports Fiscal 2024 Second Quarter Results

Retrieved on: 
Thursday, February 1, 2024

1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its fiscal 2024 second quarter ended December 31, 2023.

Key Points: 
  • 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its fiscal 2024 second quarter ended December 31, 2023.
  • Adjusted EBITDA1 for the quarter was $130.1 million, as compared with Adjusted EBITDA1 of $131.4 million in the prior year period.
  • Consumer Floral & Gifts: Revenues for the quarter were $254.8 million, declining 8.0% compared with $277.0 million in the prior year period.
  • The Company will conduct a conference call to discuss the above details and attached financial results today, February 1, 2024, at 8:00 a.m. (ET).

The Marygold Companies Reports Financial Results for 2024 First Fiscal Quarter

Retrieved on: 
Monday, November 13, 2023

The Marygold Companies, Inc. (“TMC,” or the “Company”) (NYSE American: MGLD), a diversified global holding firm, today reported financial results for the 2024 first fiscal quarter ended September 30, 2023.

Key Points: 
  • The Marygold Companies, Inc. (“TMC,” or the “Company”) (NYSE American: MGLD), a diversified global holding firm, today reported financial results for the 2024 first fiscal quarter ended September 30, 2023.
  • Cash and cash equivalents amounted to $7.0 million at the end of the quarter, and the Company has essentially no debt.
  • “Good progress was made during the quarter on an operational basis, and the Company remains cash flow positive,” said David Neibert, TMC’s Chief Operations Officer.
  • Marygold & Co., formed in the U.S. during 2019 and operating from offices in Denver, CO, together with its wholly owned subsidiary, Marygold & Co.

1-800-FLOWERS.COM, Inc. Reports Fiscal 2024 First Quarter Results

Retrieved on: 
Thursday, November 2, 2023

1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its fiscal 2024 first quarter ended October 1, 2023.

Key Points: 
  • 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its fiscal 2024 first quarter ended October 1, 2023.
  • Consumer Floral & Gifts: Revenues for the quarter were $142.2 million, declining 12.3% compared with $162.2 million in the prior year period.
  • BloomNet: Revenues for the quarter were $28.9 million, declining 13.5% compared with $33.4 million in the prior year period.
  • For Fiscal 2024, the Company continues to expect revenues to remain pressured by a challenging consumer environment, but year-over-year trends to continue to improve during the holiday period and into the second half of the fiscal year.

The Marygold Companies Reports Fiscal 2023/Q4 Financial Results

Retrieved on: 
Monday, September 25, 2023

The Marygold Companies, Inc. (“TMC” or the “Company”) (NYSE American: MGLD) (formerly Concierge Technologies, Inc.), a diversified global holding firm, today reported financial results for the fiscal year ended June 30, 2023.

Key Points: 
  • The Marygold Companies, Inc. (“TMC” or the “Company”) (NYSE American: MGLD) (formerly Concierge Technologies, Inc.), a diversified global holding firm, today reported financial results for the fiscal year ended June 30, 2023.
  • Net revenues for the 2023 fiscal year amounted to $34.9 million, compared with $37.8 million for the 2022 fiscal year.
  • The Company’s balance sheet remained strong at the close of the 2023 fiscal year.
  • Marygold & Co., formed in the U.S. during 2019 and operating from offices in Denver, CO, together with its wholly owned subsidiary, Marygold & Co.

1-800-FLOWERS.COM, Inc. Reports Fiscal 2023 Fourth Quarter and Year-End Results

Retrieved on: 
Thursday, August 31, 2023

1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its fiscal 2023 fourth quarter and full year ended July 2, 2023.

Key Points: 
  • 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its fiscal 2023 fourth quarter and full year ended July 2, 2023.
  • Net loss and net loss per share in the current year period were impacted by the tax treatment of the impairment charge recorded during the fiscal third quarter.
  • Operating expenses increased $12.9 million from the prior year period, including a $64.6 million non-cash goodwill and intangible assets impairment charge that was recorded during the fiscal third quarter.
  • Generated Free Cash Flow1 of $70.7 million during fiscal 2023, an improvement of $131.9 million over the prior year.

The Marygold Companies Reports Financial Results for 2023 Third Fiscal Quarter

Retrieved on: 
Monday, May 15, 2023

The Marygold Companies, Inc. (“TMC,” or the “Company”) (NYSE American: MGLD), a diversified global holding firm, today reported financial results for the third fiscal quarter and nine-months ended March 31, 2023.

Key Points: 
  • The Marygold Companies, Inc. (“TMC,” or the “Company”) (NYSE American: MGLD), a diversified global holding firm, today reported financial results for the third fiscal quarter and nine-months ended March 31, 2023.
  • Net revenue for the three months ended March 31, 2023 was $8.3 million, versus $8.9 million for the comparable prior year period.
  • Total assets were $34.7 million at the close of the 2023 third fiscal quarter, compared with $35.3 million at June 30, 2022.
  • “The Company again achieved profitable operations for the third fiscal quarter, as we continued to invest in the final stages of development of our Marygold mobile fintech app,” said David Neibert, Chief Operations Officer of The Marygold Companies.

1-800-FLOWERS.COM, Inc. Reports Fiscal 2023 Third Quarter Results

Retrieved on: 
Thursday, May 11, 2023

1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its fiscal 2023 third quarter, ended April 2, 2023.

Key Points: 
  • 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its fiscal 2023 third quarter, ended April 2, 2023.
  • Gross profit margin for the quarter increased 80 basis points to 33.6%, compared with 32.8% in the prior year period.
  • Chris McCann, CEO of 1-800-FLOWERS.COM, Inc., said “Our third quarter results reflect a continuation of the trends that we have experienced throughout this fiscal year.
  • Based on its third quarter performance and outlook for the balance of the year, the Company is updating its Fiscal 2023 guidance.

The Marygold Companies Reports Financial Results for 2023 Second Fiscal Quarter

Retrieved on: 
Tuesday, February 14, 2023

The Marygold Companies, Inc. (“TMC,” or the “Company”) (NYSE American: MGLD), a diversified global holding firm, today reported financial results for the second fiscal quarter and six months ended December 31, 2022.

Key Points: 
  • The Marygold Companies, Inc. (“TMC,” or the “Company”) (NYSE American: MGLD), a diversified global holding firm, today reported financial results for the second fiscal quarter and six months ended December 31, 2022.
  • Net revenue for the second fiscal quarter of 2023 was $8.8 million, versus $9.4 million for the comparable prior year period.
  • Net income for the 2023 second fiscal quarter amounted to $181,794, equal to approximately breakeven per share, compared with $1.0 million, or $0.03 per diluted share, for the same quarter of the prior fiscal year.
  • For the first half of the current fiscal year, net revenue was $17.7 million, versus $19.2 million a year ago.

1-800-FLOWERS.COM, Inc. Reports Fiscal 2023 Second Quarter Results

Retrieved on: 
Thursday, February 2, 2023

1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its Fiscal 2023 second quarter ended January 1, 2023.

Key Points: 
  • 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of gifts designed to help inspire customers to give more, connect more, and build more and better relationships, today reported results for its Fiscal 2023 second quarter ended January 1, 2023.
  • Expands leadership position in personalized gifting marketplace through the acquisition of the Things Remembered® brand, which occurred after the second quarter ended.
  • Gross profit margin for the quarter was 41.0%, increasing 90 basis points as compared with 40.1% in the prior year period.
  • The Company is updating its Fiscal 2023 guidance based on its second quarter performance and the current economic environment.