1-800-FLOWERS.COM (FLWS) 10-Q 10 Feb 23 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jan. 01, 2023	Feb. 03, 2023
Document Information [Line Items]
Entity Central Index Key	0001084869
Entity Registrant Name	1 800 FLOWERS COM INC
Amendment Flag	false
Current Fiscal Year End Date	--07-02
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 01, 2023
Document Transition Report	false
Entity File Number	0-26841
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	11-3117311
Entity Address, Address Line One	Two Jericho Plaza, Suite 200
Entity Address, City or Town	Jericho
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11753
City Area Code	516
Local Phone Number	237-6000
Title of 12(b) Security	Class A common stock
Trading Symbol	FLWS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		27,068,221
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		37,698,868

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jan. 01, 2023	Jul. 03, 2022
Current assets:
Cash and cash equivalents	$ 189,718	$ 31,465
Trade receivables, net	53,027	23,812
Inventories	201,057	247,563
Prepaid and other	24,929	45,398
Total current assets	468,731	348,238
Property, plant and equipment, net	235,913	236,481
Operating lease right-of-use assets	131,722	129,390
Goodwill	213,999	213,287
Other intangibles, net	142,847	145,568
Other assets	23,787	21,927
Total assets	1,216,999	1,094,891
Current liabilities:
Accounts payable	75,095	57,386
Accrued expenses	233,926	175,392
Current maturities of long-term debt	20,000	20,000
Current portion of long-term operating lease liabilities	15,289	12,919
Total current liabilities	344,310	265,697
Long-term debt, net	132,786	142,497
Long-term operating lease liabilities	124,725	123,662
Deferred tax liabilities, net	34,895	35,742
Other liabilities	19,757	17,884
Total liabilities	656,473	585,482
Commitments and contingencies (See Note 13 and Note 15)
Stockholders' equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued	0	0
Additional paid-in capital	383,335	379,885
Retained earnings	364,623	315,785
Accumulated other comprehensive loss	(211)	(211)
Treasury stock, at cost, 20,558,644 and 20,418,396 Class A shares at January 1, 2023 and July 3, 2022, and 5,280,000 Class B shares at January 1, 2023 and July 3, 2022	(188,127)	(186,952)
Total stockholders’ equity	560,526	509,409
Total liabilities and stockholders’ equity	1,216,999	1,094,891
Common Class A [Member]
Stockholders' equity:
Common stock	583	577
Common Class B [Member]
Stockholders' equity:
Common stock	$ 323	$ 325

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jan. 01, 2023	Jul. 03, 2022
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock, issued (in shares)	0	0
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	200,000,000	200,000,000
Common stock, issued (in shares)	58,256,031	57,706,389
Treasury stock, shares (in shares)	20,558,644	20,418,396
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	200,000,000	200,000,000
Common stock, issued (in shares)	32,348,221	32,529,614
Treasury stock, shares (in shares)	5,280,000	5,280,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 01, 2023	Dec. 26, 2021	Jan. 01, 2023	Dec. 26, 2021
Net revenues	$ 897,877	$ 943,044	$ 1,201,481	$ 1,252,417
Cost of revenues	530,111	564,594	732,257	748,453
Gross profit	367,766	378,450	469,224	503,964
Operating expenses:
Marketing and sales	194,466	207,771	283,605	302,150
Technology and development	14,952	13,490	29,692	26,913
General and administrative	28,908	28,872	55,153	55,938
Depreciation and amortization	14,315	12,588	27,009	23,558
Total operating expenses	252,641	262,721	395,459	408,559
Operating income	115,125	115,729	73,765	95,405
Interest expense, net	4,143	1,723	6,964	3,251
Other expense (income), net	148	(2,457)	1,070	(3,053)
Income before income taxes	110,834	116,463	65,731	95,207
Income tax expense	28,304	27,995	16,893	19,938
Net income and comprehensive net income	$ 82,530	$ 88,468	$ 48,838	$ 75,269
Basic net income per common share (in dollars per share)	$ 1.28	$ 1.36	$ 0.76	$ 1.16
Diluted net income per common share (in dollars per share)	$ 1.27	$ 1.34	$ 0.75	$ 1.14
Weighted average shares used in the calculation of net income per common share:
Basic (in shares)	64,675	65,261	64,606	65,161
Diluted (in shares)	64,835	65,969	64,820	65,954

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Jun. 27, 2021	55,675,661	33,433,614				24,105,841
Balance at Jun. 27, 2021	$ 557	$ 334	$ 371,103	$ 286,175	$ (318)	$ (148,781)	$ 509,070
Net income	$ 0	$ 0	0	75,269	0	$ 0	75,269
Stock-based compensation (in shares)	780,721	0				0
Stock-based compensation	$ 8	$ 0	5,288	0	0	$ 0	5,296
Acquisition of Class A treasury stock (in shares)	0	0				827,307
Acquisition of Class A treasury stock	$ 0	$ 0	0	0	0	$ (25,521)	(25,521)
Exercise of stock options (in shares)	321,700	0				0
Exercise of stock options	$ 3	$ 0	843	0	0	$ 0	846
Balance (in shares) at Dec. 26, 2021	56,778,082	33,433,614				24,933,148
Balance at Dec. 26, 2021	$ 568	$ 334	377,234	361,444	(318)	$ (174,302)	564,960
Balance (in shares) at Sep. 26, 2021	56,098,061	33,433,614				24,393,867
Balance at Sep. 26, 2021	$ 561	$ 334	374,667	272,976	(318)	$ (157,846)	490,374
Net income	$ 0	$ 0	0	88,468	0	$ 0	88,468
Stock-based compensation (in shares)	530,821	0				0
Stock-based compensation	$ 6	$ 0	2,285	0	0	$ 0	2,291
Acquisition of Class A treasury stock (in shares)	0	0				539,281
Acquisition of Class A treasury stock	$ 0	$ 0	0	0	0	$ (16,456)	(16,456)
Exercise of stock options (in shares)	149,200	0				0
Exercise of stock options	$ 1	$ 0	282	0	0	$ 0	283
Balance (in shares) at Dec. 26, 2021	56,778,082	33,433,614				24,933,148
Balance at Dec. 26, 2021	$ 568	$ 334	377,234	361,444	(318)	$ (174,302)	564,960
Balance (in shares) at Jul. 03, 2022	57,706,389	32,529,614				25,698,396
Balance at Jul. 03, 2022	$ 577	$ 325	379,885	315,785	(211)	$ (186,952)	509,409
Net income	$ 0	$ 0	0	48,838	0	$ 0	48,838
Stock-based compensation (in shares)	368,249	0				0
Stock-based compensation	$ 4	$ 0	3,450	0	0	$ 0	3,454
Conversion – Class B into Class A (in shares)	181,393
Conversion – Class B into Class A	$ 2
Conversion – Class B into Class A (in shares)		(181,393)
Conversion – Class B into Class A		$ (2)
Acquisition of Class A treasury stock (in shares)	0	0				140,248
Acquisition of Class A treasury stock	$ 0	$ 0	0	0	0	$ (1,175)	$ (1,175)
Exercise of stock options (in shares)							0
Balance (in shares) at Jan. 01, 2023	58,256,031	32,348,221				25,838,644
Balance at Jan. 01, 2023	$ 583	$ 323	383,335	364,623	(211)	$ (188,127)	$ 560,526
Balance (in shares) at Oct. 02, 2022	57,706,389	32,529,614				25,698,396
Balance at Oct. 02, 2022	$ 577	$ 325	381,440	282,093	(211)	$ (186,952)	477,272
Net income	$ 0	$ 0	0	82,530	0	$ 0	82,530
Stock-based compensation (in shares)	368,249	0				0
Stock-based compensation	$ 4	$ 0	1,895	0	0	$ 0	1,899
Conversion – Class B into Class A (in shares)	181,393
Conversion – Class B into Class A	$ 2
Conversion – Class B into Class A (in shares)		(181,393)
Conversion – Class B into Class A		$ (2)
Acquisition of Class A treasury stock (in shares)	0	0				140,248
Acquisition of Class A treasury stock	$ 0	$ 0	0	0	0	$ (1,175)	(1,175)
Balance (in shares) at Jan. 01, 2023	58,256,031	32,348,221				25,838,644
Balance at Jan. 01, 2023	$ 583	$ 323	$ 383,335	$ 364,623	$ (211)	$ (188,127)	$ 560,526

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jan. 01, 2023	Dec. 26, 2021
Operating activities:
Net income	$ 48,838	$ 75,269
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	27,009	23,558
Amortization of deferred financing costs	671	616
Deferred income taxes	(846)	(1,306)
Bad debt expense	2,407	(1,285)
Stock-based compensation	3,454	5,296
Other non-cash items	(470)	(448)
Changes in operating items:
Trade receivables	(31,622)	(55,074)
Inventories	46,506	(28,534)
Prepaid and other	7,550	8,172
Accounts payable and accrued expenses	89,050	160,459
Other assets and liabilities	1,113	(875)
Net cash provided by operating activities	193,660	185,848
Investing activities:
Acquisitions, net of cash acquired	0	(20,786)
Capital expenditures, net of non-cash expenditures	(23,849)	(32,608)
Net cash used in investing activities	(23,849)	(53,394)
Financing activities:
Acquisition of treasury stock	(1,175)	(25,521)
Proceeds from exercise of employee stock options	0	846
Proceeds from bank borrowings	195,900	125,000
Repayment of notes payable and bank borrowings	(205,900)	(135,000)
Debt issuance cost	(383)	(284)
Net cash used in financing activities	(11,558)	(34,959)
Net change in cash and cash equivalents	158,253	97,495
Cash and cash equivalents:
Beginning of period	31,465	173,573
End of period	$ 189,718	$ 271,068

Note 1 - Accounting Policies

Note 1 - Accounting Policies	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1 Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared by 1 800 10 10 X. not three six January 1, 2023 not may July 2, 2023. Annual Report on Form 10 July 3, 2022 The Company’s quarterly results may second 40% third fourth first Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Revenue Recognition Net revenue is measured based on the amount of consideration that we expect to receive, reduced by discounts and estimates for credits and returns (calculated based upon previous experience and management’s evaluation). Service and outbound shipping charged to customers are recognized at the time the related merchandise revenues are recognized and are included in net revenues. Inbound and outbound shipping and delivery costs are included in cost of revenues. Net revenues exclude sales and other similar taxes collected from customers. A description of our principal revenue generating activities is as follows: ● E-commerce revenues - consumer products sold through our online and telephonic channels. Revenue is recognized when control of the merchandise is transferred to the customer, which generally occurs upon shipment. Payment is typically due prior to the date of shipment. ● Retail revenues - consumer products sold through our retail stores. Revenue is recognized when control of the goods is transferred to the customer, at the point of sale, at which time payment is received. ● Wholesale revenues - products sold to our wholesale customers for subsequent resale. Revenue is recognized when control of the goods is transferred to the customer, in accordance with the terms of the applicable agreement. Payment terms are typically 30 ● BloomNet Services - membership fees as well as other service offerings to florists. Membership and other subscription-based fees are recognized monthly as earned. Services revenues related to orders sent through the floral network are variable, based on either the number of orders or the value of orders, and are recognized in the period in which the orders are delivered. The contracts within BloomNet Services are typically month-to-month and as a result no 30 Deferred Revenues Deferred revenues are recorded when the Company has received consideration (i.e. advance payment) before satisfying its performance obligations. As such, customer orders are recorded as deferred revenue prior to shipment or rendering of product or services. Deferred revenues primarily relate to e-commerce orders placed, but not Our total deferred revenue as of July 3, 2022 three six January 1, 2023. January 1, 2023 Recently Issued Accounting Pronouncements The Company does not

Note 2 - Net Income (Loss) Per

Note 2 - Net Income (Loss) Per Common Share	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 2 Net Income (Loss) Per Common Share Basic net income per common share is computed by dividing the net income during the period by the weighted average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing the net income during the period by the sum of the weighted-average number of common shares outstanding during the period and the potentially dilutive common shares (consisting of employee stock options and unvested restricted stock awards). The following table sets forth the computation of basic and diluted net income per common share: Three Months Ended Six Months Ended January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 (in thousands, except per share data) Numerator: Net income $ 82,530 $ 88,468 $ 48,838 $ 75,269 Denominator: Weighted average shares outstanding 64,675 65,261 64,606 65,161 Effect of dilutive securities: Employee stock options - 14 - 98 Employee restricted stock awards 160 694 214 695 160 708 214 793 Adjusted weighted-average shares and assumed conversions 64,835 65,969 64,820 65,954 Net income per common share Basic $ 1.28 $ 1.36 $ 0.76 $ 1.16 Diluted $ 1.27 $ 1.34 $ 0.75 $ 1.14

Note 3 - Stock-based Compensati

Note 3 - Stock-based Compensation	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 3 Stock-Based Compensation The Company has a Long Term Incentive and Share Award Plan, which is more fully described in Note 12 13 Company ’ s Annual Report on Form 10 July 3, 2022 The amounts of stock-based compensation expense recognized in the periods presented are as follows: Three Months Ended Six Months Ended January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 (in thousands) Stock options $ 593 $ 9 $ 593 $ 18 Restricted stock 1,306 2,282 2,861 5,278 Total 1,899 2,291 3,454 5,296 Deferred income tax benefit 465 565 846 1,306 Stock-based compensation expense, net $ 1,434 $ 1,726 $ 2,608 $ 3,990 Stock-based compensation is recorded within the following line items of operating expenses: Three Months Ended Six Months Ended January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 (in thousands) Marketing and sales $ 874 $ 1,006 $ 1,574 $ 2,333 Technology and development 152 91 307 211 General and administrative 873 1,194 1,573 2,752 Total $ 1,899 $ 2,291 $ 3,454 $ 5,296 Stock-based compensation expense has not Note 12 Stock Options The following table summarizes stock option activity during the six January 1, 2023: Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in years) (in thousands) Outstanding at July 3, 2022 - $ - Granted 2,346,416 $ 8.59 Exercised - $ - Forfeited - - Outstanding at January 1, 2023 2,346,416 $ 8.59 9.9 $ 2,276 Exercisable at January 1, 2023 - $ - - $ - As of January 1, 2023, not Restricted Stock The Company grants shares of Common Stock to its employees that are subject to restrictions on transfer and risk of forfeiture until fulfillment of applicable service and performance conditions and, in certain cases, holding periods (Restricted Stock). The following table summarizes the activity of non-vested restricted stock awards during the six January 1, 2023: Shares Weighted Average Grant Date Fair Value Non-vested at July 3, 2022 929,709 $ 21.82 Granted 717,799 $ 8.38 Vested (368,249 ) $ 17.68 Forfeited (37,903 ) $ 21.30 Non-vested at January 1, 2023 1,241,356 $ 15.29 The fair value of non-vested shares is determined based on the closing stock price on the grant date. As of January 1, 2023,

Note 4 - Acquisitions

Note 4 - Acquisitions	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	4 Acquisitions Acquisition of Vital Choice On October 27, 2021, December 31, 2020. After working capital and related adjustments, total consideration was approximately $20.0 million, and was preliminarily allocated to the identifiable assets acquired and liabilities assumed based on our preliminary estimates of their fair values, as a result of information that was available as of the date of the acquisition. During the quarter ended January 1, 2023, The following table summarizes the allocation of the purchase price to the fair values of assets acquired and liabilities assumed: Vital Choice Preliminary Purchase Price Allocation Measurement Period Interim Adjustments Vital Choice Purchase Price Allocation October 27, January 1, 2021 2023 (in thousands) Inventory $ 8,653 $ - $ 8,653 Other current assets 929 (474 ) 455 Property, plant and equipment 205 (205 ) - Intangible assets 9,800 (600 ) 9,200 Goodwill 4,383 634 5,017 Total assets acquired 23,970 (645 ) 23,325 Current liabilities 3,621 (256 ) 3,365 Net assets acquired $ 20,349 $ (389 ) $ 19,960 The estimated fair value of the acquired work in process and finished goods inventory was determined utilizing the income approach. The income approach estimates the fair value of the inventory based on the net retail value of the inventory, less operating expenses and a reasonable profit allowance. Raw materials inventory was valued at book value, as there have not Of the acquired intangible assets, $4.3 million was assigned to customer lists, which is being amortized over the estimated remaining life of 5 years, $4.9 million was assigned to tradenames (indefinite life), and $5.0 million was assigned to goodwill (indefinite life), which is expected to be deductible for tax purposes. The goodwill recognized is primarily related to synergistic value created in terms of both operating costs and revenue growth opportunities, enhanced financial and operational scale, and other strategic benefits. The estimated fair value of the acquired tradenames was determined using the relief from royalty method, which is a risk-adjusted discounted cash flow approach. The relief from royalty method values an intangible asset by estimating the royalties saved through ownership of the asset. The relief from royalty method requires identifying the future revenue that would be generated by the trademark, multiplying it by a royalty rate deemed to be avoided through ownership of the asset and discounting the projected royalty savings amounts back to the acquisition date. The royalty rate used in the valuation was based on a consideration of market rates for similar categories of assets. The discount rate used in the valuation was based on the Company’s weighted average cost of capital, the riskiness of the earnings stream associated with the trademarks and the overall composition of the acquired assets. The estimated fair value of the acquired customer lists was determined using the excess earnings method under the income approach. This method requires identifying the future revenue that would be generated by existing customers at the time of the acquisition, considering an appropriate attrition rate based on the historical experience of the Company. Appropriate expenses are then deducted from the revenues and economic rents are charged for the return on contributory assets. The after-tax cash flows attributable to the asset are discounted back to their net present value at an appropriate intangible asset rate of return and summed to calculate the value of the customer lists. Operating results of the Vital Choice business are reflected in the Company’s consolidated financial statements from the date of acquisition within the Gourmet Foods & Gift Baskets segment. Pro forma results of operations have not not Acquisition of Alice s Table On December 31, 2021, July 3, 2022. September 30, 2021. The resulting total consideration of $1.3 million was preliminarily allocated to the identifiable assets acquired and liabilities assumed based on our preliminary estimates of their fair values, as a result of information that was available as of the date of the acquisition. During the quarter ended January 1, 2023,

Note 5 - Inventory, Net

Note 5 - Inventory, Net	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 5 Inventory, Net The Company’s inventory, stated at cost, which is not January 1, 2023 July 3, 2022 (in thousands) Finished goods $ 109,404 $ 128,760 Work-in-process 19,065 29,270 Raw materials 72,588 89,533 Total inventory $ 201,057 $ 247,563

Note 6 - Goodwill and Intangibl

Note 6 - Goodwill and Intangible Assets, Net	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 6 Goodwill and Intangible Assets, Net The following table presents goodwill by segment and the related change in the net carrying amount: Consumer Floral & Gifts BloomNet Gourmet Foods & Gift Baskets Total (in thousands) Balance at July 3, 2022 $ 151,600 $ - $ 61,687 $ 213,287 Measurement period adjustment for Vital Choice Acquisition - - 600 600 Measurement period adjustment for Alice's Table Acquisition 112 - - 112 Balance at January 1, 2023 $ 151,712 $ - $ 62,287 $ 213,999 The Company’s other intangible assets consist of the following: January 1, 2023 July 3, 2022 Amortization Period Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net (in years) (in thousands) Intangible assets with determinable lives Investment in licenses 14 - 16 $ 7,420 $ 6,516 $ 904 $ 7,420 $ 6,464 $ 956 Customer lists 3 - 10 28,309 19,512 8,797 28,509 17,473 11,036 Other 5 - 14 2,946 2,573 373 2,946 2,543 403 Total intangible assets with determinable lives 38,675 28,601 10,074 38,875 26,480 12,395 Trademarks with indefinite lives 132,773 - 132,773 133,173 - 133,173 Total identifiable intangible assets $ 171,448 $ 28,601 $ 142,847 $ 172,048 $ 26,480 $ 145,568 Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not 2023 2024 2025 2026 2027

Note 7 - Investments

Note 7 - Investments	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	Note 7 Investments Equity investments without a readily determinable fair value Investments in non-marketable equity instruments of private companies, where the Company does not January 1, 2023 July 3, 2022, Equity investments with a readily determinable fair value The Company also holds certain trading securities associated with its Non-Qualified Deferred Compensation Plan (“NQDC Plan”). These investments are measured using quoted market prices at the reporting date and are included within the “Other assets” line item in the consolidated balance sheets (see Note 10 - Fair Value Measurements

Note 8 - Debt, Net

Note 8 - Debt, Net	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	8 Debt, Net The Company’s current and long-term debt consists of the following: January 1, 2023 July 3, 2022 (in thousands) Revolver $ - $ - Term Loans 155,000 165,000 Deferred financing costs (2,214 ) (2,503 ) Total debt 152,786 162,497 Less: current debt 20,000 20,000 Long-term debt $ 132,786 $ 142,497 On May 31, 2019, “2019 2019 December 23, 2016 29 May 31, 2024, September 29, 2019, first eight 11 January 1 August 1, may may 1 2 On August 20, 2020, 2019 2019 1 “2020 January 1 August 1 The 2020 May 31, 2024. 2020 may 2020 September 27, 2020, first four 11 On November 8, 2021, 2019 2019 2020 On August 29, 2022, 2019 2019 2019 1 October 2, 2022, 1.00 1.00 2 October 2, 2022, January 1, 2023, April 2, 2023, may The Existing Credit Agreement requires that while any borrowings or commitments are outstanding the Company comply with certain financial covenants and affirmative covenants as well as certain negative covenants that, subject to certain exceptions, limit the Company’s ability to, among other things, incur additional indebtedness, make certain investments and make certain restricted payments. The Company was in compliance with these covenants as of January 1, 2023. Future principal payments under the Term Loan and 2020 2023 2024.

Note 9 - Property, Plant and Eq

Note 9 - Property, Plant and Equipment	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 9 The Company’s property, plant and equipment consists of the following: January 1, 2023 July 3, 2022 (in thousands) Land $ 33,866 $ 33,862 Orchards in production and land improvements 20,134 19,773 Building and building improvements 66,631 65,909 Leasehold improvements 29,039 26,266 Production equipment 120,179 106,244 Furniture and fixtures 8,895 8,985 Computer and telecommunication equipment 40,590 38,934 Software 180,187 165,289 Capital projects in progress 3,980 14,525 Property, plant and equipment, gross 503,501 479,787 Accumulated depreciation and amortization (267,588 ) (243,306 ) Property, plant and equipment, net $ 235,913 $ 236,481

Note 10 - Fair Value Measuremen

Note 10 - Fair Value Measurements	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	10 Cash and cash equivalents, trade and other receivables, prepaids, accounts payable and accrued expenses are reflected in the consolidated balance sheets at carrying value, which approximates fair value due to the short-term nature of these instruments. Although no may may not may Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability, in the principal or most advantageous market for the asset or liability, in an orderly transaction between market participants at the measurement date. The authoritative guidance for fair value measurements establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 3 three Level 1 Valuations based on quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. Level 2 Valuations based on quoted prices for similar assets or liabilities, quoted prices in markets that are not Level 3 Valuations based on inputs that are supported by little or no The following table presents by level, within the fair value hierarchy, financial assets and liabilities measured at fair value on a recurring basis: Carrying Value Fair Value Measurements Assets (Liabilities) Level 1 Level 2 Level 3 (in thousands) As of January 1, 2023: Trading securities held in a “rabbi trust” (1) $ 19,621 $ 19,621 $ - $ - Total assets (liabilities) at fair value $ 19,621 $ 19,621 $ - $ - As of July 3, 2022: Trading securities held in a “rabbi trust” (1) $ 17,760 $ 17,760 $ - $ - Total assets (liabilities) at fair value $ 17,760 $ 17,760 $ - $ - ( 1 The Company has established a NQDC Plan for certain members of senior management. Deferred compensation plan assets are invested in mutual funds held in a “rabbi trust,” which is restricted for payment to participants of the NQDC Plan. Trading securities held in a rabbi trust are measured using quoted market prices at the reporting date and are included in the “Other assets” line item, with the corresponding liability included in the “Other liabilities” line item in the consolidated balance sheets.

Note 11 - Income Taxes

Note 11 - Income Taxes	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 11 Income Taxes At the end of each interim reporting period, the Company estimates its effective income tax rate expected to be applicable for the full year. This estimate is used in providing for income taxes on a year-to-date basis and may three six January 1, 2023 2023 2022 The Company files income tax returns in the U.S. federal jurisdiction, various state jurisdictions, and various foreign countries. The Company completed its U.S. federal examination for fiscal 2018, 2019, 2020 2021 2016. 2017 The Company’s policy is to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. At January 1, 2023, twelve

Note 12 - Business Segments

Note 12 - Business Segments	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	12 Business Segments The Company’s management reviews the results of its operations by the following three business segments: • Consumer Floral & Gifts, • BloomNet, and • Gourmet Foods & Gift Baskets Segment performance is measured based on contribution margin, which includes only the direct controllable revenue and operating expenses of the segments. As such, management’s measure of profitability for these segments does not not Three Months Ended Six Months Ended January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 Net Revenues: (in thousands) Segment Net Revenues: Consumer Floral & Gifts $ 277,049 $ 315,083 $ 439,229 $ 496,312 BloomNet 32,852 37,930 66,219 68,764 Gourmet Foods & Gift Baskets 588,431 590,946 696,659 688,428 Corporate 72 69 116 114 Intercompany eliminations (527 ) (984 ) (742 ) (1,201 ) Total net revenues $ 897,877 $ 943,044 $ 1,201,481 $ 1,252,417 Operating Income: Segment Contribution Margin: Consumer Floral & Gifts $ 27,886 $ 38,156 $ 38,696 $ 57,346 BloomNet 9,348 11,887 18,865 22,747 Gourmet Foods & Gift Baskets 123,503 110,502 104,793 102,829 Segment Contribution Margin Subtotal 160,737 160,545 162,354 182,922 Corporate (a) (31,297 ) (32,228 ) (61,580 ) (63,959 ) Depreciation and amortization (14,315 ) (12,588 ) (27,009 ) (23,558 ) Operating income $ 115,125 $ 115,729 $ 73,765 $ 95,405 (a) Corporate expenses consist of the Company’s enterprise shared service cost centers, and include, among other items, Information Technology, Human Resources, Accounting and Finance, Legal, Executive and Customer Service Center functions, as well as Stock-Based Compensation. In order to leverage the Company’s infrastructure, these functions are operated under a centralized management platform, providing support services throughout the organization. The costs of these functions, other than those of the Customer Service Center, which are allocated directly to the above categories based upon usage, are included within corporate expenses as they are not The following tables represent a disaggregation of revenue from contracts with customers, by channel: Three Months Ended Consumer Floral & Gifts BloomNet Gourmet Foods & Gift Baskets Corporate and Eliminations Consolidated January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 Net revenues E-commerce $ 275,081 $ 312,820 $ - $ - $ 515,329 $ 514,702 $ - $ - $ 790,410 $ 827,522 Other 1,968 2,263 32,852 37,930 73,102 76,244 (455 ) (915 ) 107,467 115,522 Total net revenues $ 277,049 $ 315,083 $ 32,852 $ 37,930 $ 588,431 $ 590,946 $ (455 ) $ (915 ) $ 897,877 $ 943,044 Other revenues detail Retail and other 1,968 2,263 - - 4,313 4,591 - - 6,281 6,854 Wholesale - - 12,054 14,584 68,789 71,653 - - 80,843 86,237 BloomNet services - - 20,798 23,346 - - - - 20,798 23,346 Corporate - - - - - - 72 69 72 69 Eliminations - - - - - - (527 ) (984 ) (527 ) (984 ) Total other revenues $ 1,968 2,263 $ 32,852 $ 37,930 $ 73,102 $ 76,244 $ (455 ) $ (915 ) $ 107,467 115,522 Six Months Ended Consumer Floral & Gifts BloomNet Gourmet Foods & Gift Baskets Corporate and Eliminations Consolidated January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 Net revenues E-commerce $ 435,463 $ 492,106 $ - $ - $ 593,869 $ 598,787 $ - $ - $ 1,029,332 $ 1,090,893 Other 3,766 4,206 66,219 68,764 102,790 89,641 (626 ) (1,087 ) 172,149 161,524 Total net revenues $ 439,229 $ 496,312 $ 66,219 $ 68,764 $ 696,659 $ 688,428 $ (626 ) $ (1,087 ) $ 1,201,481 $ 1,252,417 Other revenues detail Retail and other 3,766 4,206 - - 6,221 6,428 - - 9,987 10,634 Wholesale - - 25,675 24,568 96,569 83,213 - - 122,244 107,781 BloomNet services - - 40,544 44,196 - - - - 40,544 44,196 Corporate - - - - - - 116 114 116 114 Eliminations - - - - - - (742 ) (1,201 ) (742 ) (1,201 ) Total other revenues $ 3,766 4,206 $ 66,219 $ 68,764 $ 102,790 $ 89,641 $ (626 ) $ (1,087 ) $ 172,149 161,524

Note 13 - Leases

Note 13 - Leases	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	13 Leases The Company currently leases plants, warehouses, offices, store facilities, and equipment under various leases through fiscal 2036. may 842. At contract inception, we determine whether a contract is, or contains, a lease by determining whether it conveys the right to control the use of the identified asset for a period of time, by assessing whether we have the right to obtain substantially all of the economic benefits from use of the identified asset and the right to direct the use of the identified asset. At the lease commencement date, we determine if a lease should be classified as an operating or a finance lease (we currently have no not 12 We recognize expense for our operating leases on a straight-line basis over the lease term. As these leases expire, it can be expected that in the normal course of business they will be renewed or replaced. Renewal option periods are included in the measurement of lease liability, where the exercise is reasonably certain to occur. Key estimates and judgments in accounting for leases include how we determine: ( 1 2 3 Additional information related to our leases is as follows: Three Months Ended Six Months Ended January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 (in thousands) Lease costs: Operating lease costs $ 5,606 $ 5,101 $ 10,953 $ 9,064 Variable lease costs 6,603 5,745 12,454 10,875 Short-term lease cost 2,889 2,916 4,454 4,497 Sublease income (241 ) (175 ) (484 ) (357 ) Total lease costs $ 14,857 $ 13,587 $ 27,377 $ 24,079 Cash paid for amounts included in measurement of operating lease liabilities $ 9,851 $ 7,309 Right-of-use assets obtained in exchange for new operating lease liabilities $ 10,521 $ 55,433 January 1, 2023 (in thousands) Weighted-average remaining lease term - operating leases (in years) 9.1 Weighted-discount rate - operating leases 3.9 % Maturities of lease liabilities in accordance with ASC 842 January 1, 2023 Remainder of 2023 $ 9,358 2024 22,235 2025 19,946 2026 18,006 2027 16,376 Thereafter 82,497 Total Future Minimum Lease Payments 168,418 Less: Imputed Remaining Interest 28,404 Total Operating Lease Liabilities 140,014 Less: Current portion of long-term operating lease liabilities 15,289 Long-term operating lease liabilities $ 124,725

Note 14 - Accrued Expenses

Note 14 - Accrued Expenses	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	Note 14 Accrued expenses consisted of the following: January 1, 2023 July 3, 2022 (in thousands) Payroll and employee benefits $ 33,543 $ 37,617 Deferred revenue 46,537 33,746 Accrued marketing expenses 22,138 19,506 Accrued florist payout 22,210 18,938 Accrued purchases 46,464 32,141 Other 63,034 33,444 Accrued Expenses $ 233,926 $ 175,392

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	15 Commitments and Contingencies Litigation Call Center Worker Claim: In March 2018, April 2022 September 2022, November 2022, March 27, 2022, July 3, 2022. no In addition, there are various claims, lawsuits, and pending actions against the Company and its subsidiaries incident to the operations of its businesses. It is the opinion of management, after consultation with counsel, that the final resolution of such claims, lawsuits and pending actions will not

Note 16 - Subsequent Events

Note 16 - Subsequent Events	6 Months Ended
	Jan. 01, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	16. Acquisition of Things Remembered On January 10, 2023, The Company used cash on its balance sheet to fund the $5.0 million purchase, which included the intellectual property, customer list, as well as certain residual inventory and equipment. The acquisition did not twelve November 30, 2022.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jan. 01, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared by 1 800 10 10 X. not three six January 1, 2023 not may July 2, 2023. Annual Report on Form 10 July 3, 2022 The Company’s quarterly results may second 40% third fourth first
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition Net revenue is measured based on the amount of consideration that we expect to receive, reduced by discounts and estimates for credits and returns (calculated based upon previous experience and management’s evaluation). Service and outbound shipping charged to customers are recognized at the time the related merchandise revenues are recognized and are included in net revenues. Inbound and outbound shipping and delivery costs are included in cost of revenues. Net revenues exclude sales and other similar taxes collected from customers. A description of our principal revenue generating activities is as follows: ● E-commerce revenues - consumer products sold through our online and telephonic channels. Revenue is recognized when control of the merchandise is transferred to the customer, which generally occurs upon shipment. Payment is typically due prior to the date of shipment. ● Retail revenues - consumer products sold through our retail stores. Revenue is recognized when control of the goods is transferred to the customer, at the point of sale, at which time payment is received. ● Wholesale revenues - products sold to our wholesale customers for subsequent resale. Revenue is recognized when control of the goods is transferred to the customer, in accordance with the terms of the applicable agreement. Payment terms are typically 30 ● BloomNet Services - membership fees as well as other service offerings to florists. Membership and other subscription-based fees are recognized monthly as earned. Services revenues related to orders sent through the floral network are variable, based on either the number of orders or the value of orders, and are recognized in the period in which the orders are delivered. The contracts within BloomNet Services are typically month-to-month and as a result no 30 Deferred Revenues Deferred revenues are recorded when the Company has received consideration (i.e. advance payment) before satisfying its performance obligations. As such, customer orders are recorded as deferred revenue prior to shipment or rendering of product or services. Deferred revenues primarily relate to e-commerce orders placed, but not Our total deferred revenue as of July 3, 2022 three six January 1, 2023. January 1, 2023
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements The Company does not

Note 2 - Net Income (Loss) Pe_2

Note 2 - Net Income (Loss) Per Common Share (Tables)	6 Months Ended
	Jan. 01, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 (in thousands, except per share data) Numerator: Net income $ 82,530 $ 88,468 $ 48,838 $ 75,269 Denominator: Weighted average shares outstanding 64,675 65,261 64,606 65,161 Effect of dilutive securities: Employee stock options - 14 - 98 Employee restricted stock awards 160 694 214 695 160 708 214 793 Adjusted weighted-average shares and assumed conversions 64,835 65,969 64,820 65,954 Net income per common share Basic $ 1.28 $ 1.36 $ 0.76 $ 1.16 Diluted $ 1.27 $ 1.34 $ 0.75 $ 1.14

Note 3 - Stock-based Compensa_2

Note 3 - Stock-based Compensation (Tables)	6 Months Ended
	Jan. 01, 2023
Notes Tables
Share-Based Payment Arrangement, Cost by Plan [Table Text Block]	Three Months Ended Six Months Ended January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 (in thousands) Stock options $ 593 $ 9 $ 593 $ 18 Restricted stock 1,306 2,282 2,861 5,278 Total 1,899 2,291 3,454 5,296 Deferred income tax benefit 465 565 846 1,306 Stock-based compensation expense, net $ 1,434 $ 1,726 $ 2,608 $ 3,990
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended Six Months Ended January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 (in thousands) Marketing and sales $ 874 $ 1,006 $ 1,574 $ 2,333 Technology and development 152 91 307 211 General and administrative 873 1,194 1,573 2,752 Total $ 1,899 $ 2,291 $ 3,454 $ 5,296
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in years) (in thousands) Outstanding at July 3, 2022 - $ - Granted 2,346,416 $ 8.59 Exercised - $ - Forfeited - - Outstanding at January 1, 2023 2,346,416 $ 8.59 9.9 $ 2,276 Exercisable at January 1, 2023 - $ - - $ -
Schedule of Nonvested Share Activity [Table Text Block]	Shares Weighted Average Grant Date Fair Value Non-vested at July 3, 2022 929,709 $ 21.82 Granted 717,799 $ 8.38 Vested (368,249 ) $ 17.68 Forfeited (37,903 ) $ 21.30 Non-vested at January 1, 2023 1,241,356 $ 15.29

Note 4 - Acquisitions (Tables)

Note 4 - Acquisitions (Tables)	6 Months Ended
	Jan. 01, 2023
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Vital Choice Preliminary Purchase Price Allocation Measurement Period Interim Adjustments Vital Choice Purchase Price Allocation October 27, January 1, 2021 2023 (in thousands) Inventory $ 8,653 $ - $ 8,653 Other current assets 929 (474 ) 455 Property, plant and equipment 205 (205 ) - Intangible assets 9,800 (600 ) 9,200 Goodwill 4,383 634 5,017 Total assets acquired 23,970 (645 ) 23,325 Current liabilities 3,621 (256 ) 3,365 Net assets acquired $ 20,349 $ (389 ) $ 19,960

Note 5 - Inventory, Net (Tables

Note 5 - Inventory, Net (Tables)	6 Months Ended
	Jan. 01, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	January 1, 2023 July 3, 2022 (in thousands) Finished goods $ 109,404 $ 128,760 Work-in-process 19,065 29,270 Raw materials 72,588 89,533 Total inventory $ 201,057 $ 247,563

Note 6 - Goodwill and Intangi_2

Note 6 - Goodwill and Intangible Assets, Net (Tables)	6 Months Ended
	Jan. 01, 2023
Notes Tables
Schedule of Goodwill [Table Text Block]	Consumer Floral & Gifts BloomNet Gourmet Foods & Gift Baskets Total (in thousands) Balance at July 3, 2022 $ 151,600 $ - $ 61,687 $ 213,287 Measurement period adjustment for Vital Choice Acquisition - - 600 600 Measurement period adjustment for Alice's Table Acquisition 112 - - 112 Balance at January 1, 2023 $ 151,712 $ - $ 62,287 $ 213,999
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Table Text Block]	January 1, 2023 July 3, 2022 Amortization Period Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net (in years) (in thousands) Intangible assets with determinable lives Investment in licenses 14 - 16 $ 7,420 $ 6,516 $ 904 $ 7,420 $ 6,464 $ 956 Customer lists 3 - 10 28,309 19,512 8,797 28,509 17,473 11,036 Other 5 - 14 2,946 2,573 373 2,946 2,543 403 Total intangible assets with determinable lives 38,675 28,601 10,074 38,875 26,480 12,395 Trademarks with indefinite lives 132,773 - 132,773 133,173 - 133,173 Total identifiable intangible assets $ 171,448 $ 28,601 $ 142,847 $ 172,048 $ 26,480 $ 145,568

Note 8 - Debt, Net (Tables)

Note 8 - Debt, Net (Tables)	6 Months Ended
	Jan. 01, 2023
Notes Tables
Schedule of Debt [Table Text Block]	January 1, 2023 July 3, 2022 (in thousands) Revolver $ - $ - Term Loans 155,000 165,000 Deferred financing costs (2,214 ) (2,503 ) Total debt 152,786 162,497 Less: current debt 20,000 20,000 Long-term debt $ 132,786 $ 142,497

Note 9 - Property, Plant and _2

Note 9 - Property, Plant and Equipment (Tables)	6 Months Ended
	Jan. 01, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	January 1, 2023 July 3, 2022 (in thousands) Land $ 33,866 $ 33,862 Orchards in production and land improvements 20,134 19,773 Building and building improvements 66,631 65,909 Leasehold improvements 29,039 26,266 Production equipment 120,179 106,244 Furniture and fixtures 8,895 8,985 Computer and telecommunication equipment 40,590 38,934 Software 180,187 165,289 Capital projects in progress 3,980 14,525 Property, plant and equipment, gross 503,501 479,787 Accumulated depreciation and amortization (267,588 ) (243,306 ) Property, plant and equipment, net $ 235,913 $ 236,481

Note 10 - Fair Value Measurem_2

Note 10 - Fair Value Measurements (Tables)	6 Months Ended
	Jan. 01, 2023
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Carrying Value Fair Value Measurements Assets (Liabilities) Level 1 Level 2 Level 3 (in thousands) As of January 1, 2023: Trading securities held in a “rabbi trust” (1) $ 19,621 $ 19,621 $ - $ - Total assets (liabilities) at fair value $ 19,621 $ 19,621 $ - $ - As of July 3, 2022: Trading securities held in a “rabbi trust” (1) $ 17,760 $ 17,760 $ - $ - Total assets (liabilities) at fair value $ 17,760 $ 17,760 $ - $ -

Note 12 - Business Segments (Ta

Note 12 - Business Segments (Tables)	6 Months Ended
	Jan. 01, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 Net Revenues: (in thousands) Segment Net Revenues: Consumer Floral & Gifts $ 277,049 $ 315,083 $ 439,229 $ 496,312 BloomNet 32,852 37,930 66,219 68,764 Gourmet Foods & Gift Baskets 588,431 590,946 696,659 688,428 Corporate 72 69 116 114 Intercompany eliminations (527 ) (984 ) (742 ) (1,201 ) Total net revenues $ 897,877 $ 943,044 $ 1,201,481 $ 1,252,417 Operating Income: Segment Contribution Margin: Consumer Floral & Gifts $ 27,886 $ 38,156 $ 38,696 $ 57,346 BloomNet 9,348 11,887 18,865 22,747 Gourmet Foods & Gift Baskets 123,503 110,502 104,793 102,829 Segment Contribution Margin Subtotal 160,737 160,545 162,354 182,922 Corporate (a) (31,297 ) (32,228 ) (61,580 ) (63,959 ) Depreciation and amortization (14,315 ) (12,588 ) (27,009 ) (23,558 ) Operating income $ 115,125 $ 115,729 $ 73,765 $ 95,405
Disaggregation of Revenue [Table Text Block]	Three Months Ended Consumer Floral & Gifts BloomNet Gourmet Foods & Gift Baskets Corporate and Eliminations Consolidated January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 Net revenues E-commerce $ 275,081 $ 312,820 $ - $ - $ 515,329 $ 514,702 $ - $ - $ 790,410 $ 827,522 Other 1,968 2,263 32,852 37,930 73,102 76,244 (455 ) (915 ) 107,467 115,522 Total net revenues $ 277,049 $ 315,083 $ 32,852 $ 37,930 $ 588,431 $ 590,946 $ (455 ) $ (915 ) $ 897,877 $ 943,044 Other revenues detail Retail and other 1,968 2,263 - - 4,313 4,591 - - 6,281 6,854 Wholesale - - 12,054 14,584 68,789 71,653 - - 80,843 86,237 BloomNet services - - 20,798 23,346 - - - - 20,798 23,346 Corporate - - - - - - 72 69 72 69 Eliminations - - - - - - (527 ) (984 ) (527 ) (984 ) Total other revenues $ 1,968 2,263 $ 32,852 $ 37,930 $ 73,102 $ 76,244 $ (455 ) $ (915 ) $ 107,467 115,522 Six Months Ended Consumer Floral & Gifts BloomNet Gourmet Foods & Gift Baskets Corporate and Eliminations Consolidated January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 Net revenues E-commerce $ 435,463 $ 492,106 $ - $ - $ 593,869 $ 598,787 $ - $ - $ 1,029,332 $ 1,090,893 Other 3,766 4,206 66,219 68,764 102,790 89,641 (626 ) (1,087 ) 172,149 161,524 Total net revenues $ 439,229 $ 496,312 $ 66,219 $ 68,764 $ 696,659 $ 688,428 $ (626 ) $ (1,087 ) $ 1,201,481 $ 1,252,417 Other revenues detail Retail and other 3,766 4,206 - - 6,221 6,428 - - 9,987 10,634 Wholesale - - 25,675 24,568 96,569 83,213 - - 122,244 107,781 BloomNet services - - 40,544 44,196 - - - - 40,544 44,196 Corporate - - - - - - 116 114 116 114 Eliminations - - - - - - (742 ) (1,201 ) (742 ) (1,201 ) Total other revenues $ 3,766 4,206 $ 66,219 $ 68,764 $ 102,790 $ 89,641 $ (626 ) $ (1,087 ) $ 172,149 161,524

Note 13 - Leases (Tables)

Note 13 - Leases (Tables)	6 Months Ended
	Jan. 01, 2023
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended Six Months Ended January 1, 2023 December 26, 2021 January 1, 2023 December 26, 2021 (in thousands) Lease costs: Operating lease costs $ 5,606 $ 5,101 $ 10,953 $ 9,064 Variable lease costs 6,603 5,745 12,454 10,875 Short-term lease cost 2,889 2,916 4,454 4,497 Sublease income (241 ) (175 ) (484 ) (357 ) Total lease costs $ 14,857 $ 13,587 $ 27,377 $ 24,079 Cash paid for amounts included in measurement of operating lease liabilities $ 9,851 $ 7,309 Right-of-use assets obtained in exchange for new operating lease liabilities $ 10,521 $ 55,433 January 1, 2023 (in thousands) Weighted-average remaining lease term - operating leases (in years) 9.1 Weighted-discount rate - operating leases 3.9 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Remainder of 2023 $ 9,358 2024 22,235 2025 19,946 2026 18,006 2027 16,376 Thereafter 82,497 Total Future Minimum Lease Payments 168,418 Less: Imputed Remaining Interest 28,404 Total Operating Lease Liabilities 140,014 Less: Current portion of long-term operating lease liabilities 15,289 Long-term operating lease liabilities $ 124,725

Note 14 - Accrued Expenses (Tab

Note 14 - Accrued Expenses (Tables)	6 Months Ended
	Jan. 01, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	January 1, 2023 July 3, 2022 (in thousands) Payroll and employee benefits $ 33,543 $ 37,617 Deferred revenue 46,537 33,746 Accrued marketing expenses 22,138 19,506 Accrued florist payout 22,210 18,938 Accrued purchases 46,464 32,141 Other 63,034 33,444 Accrued Expenses $ 233,926 $ 175,392

Note 1 - Accounting Policies (D

Note 1 - Accounting Policies (Details Textual) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jan. 01, 2023	Jan. 01, 2023	Jul. 03, 2022
Contract with Customer, Liability, Current	$ 46.5	$ 46.5	$ 33.7
Contract with Customer, Liability, Revenue Recognized	$ 9.9	$ 26.8

Note 2 - Net Income (Loss) Pe_3

Note 2 - Net Income (Loss) Per Common Share - Basic and Diluted Net Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 01, 2023	Dec. 26, 2021	Jan. 01, 2023	Dec. 26, 2021
Net income	$ 82,530	$ 88,468	$ 48,838	$ 75,269
Basic (in shares)	64,675	65,261	64,606	65,161
Effect of dilutive securities (in shares)	160	708	214	793
Adjusted weighted-average shares and assumed conversions (in shares)	64,835	65,969	64,820	65,954
Basic net income per common share (in dollars per share)	$ 1.28	$ 1.36	$ 0.76	$ 1.16
Diluted net income per common share (in dollars per share)	$ 1.27	$ 1.34	$ 0.75	$ 1.14
Share-Based Payment Arrangement, Option [Member]
Effect of dilutive securities (in shares)	0	14	0	98
Restricted Stock [Member]
Effect of dilutive securities (in shares)	160	694	214	695

Note 3 - Stock-based Compensa_3

Note 3 - Stock-based Compensation (Details Textual) $ in Millions	6 Months Ended
	Jan. 01, 2023 USD ($)
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 11.4
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 10 months 24 days
Restricted Stock [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 13.7
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 10 months 24 days

Note 3 - Stock-based Compensa_4

Note 3 - Stock-based Compensation - Stock-based Compensation Expense Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 01, 2023	Dec. 26, 2021	Jan. 01, 2023	Dec. 26, 2021
Allocated share-based compensation expense	$ 1,899	$ 2,291	$ 3,454	$ 5,296
Deferred income tax benefit	465	565	846	1,306
Allocated share-based compensation expense, net	1,434	1,726	2,608	3,990
Share-Based Payment Arrangement, Option [Member]
Allocated share-based compensation expense	593	9	593	18
Restricted Stock [Member]
Allocated share-based compensation expense	$ 1,306	$ 2,282	$ 2,861	$ 5,278

Note 3 - Stock-based Compensa_5

Note 3 - Stock-based Compensation - Allocation of Stock-based Compensation to Operating Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 01, 2023	Dec. 26, 2021	Jan. 01, 2023	Dec. 26, 2021
Allocated share-based compensation expense	$ 1,899	$ 2,291	$ 3,454	$ 5,296
Selling and Marketing Expense [Member]
Allocated share-based compensation expense	874	1,006	1,574	2,333
Technology and Development [Member]
Allocated share-based compensation expense	152	91	307	211
General and Administrative Expense [Member]
Allocated share-based compensation expense	$ 873	$ 1,194	$ 1,573	$ 2,752

Note 3 - Stock-based Compensa_6

Note 3 - Stock-based Compensation - Stock Option Activity (Details)	6 Months Ended
	Jan. 01, 2023 USD ($) $ / shares shares
Outstanding, options (in shares) | shares	0
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 0
Granted, options (in shares) | shares	2,346,416
Granted, weighted average exercise price (in dollars per share) | $ / shares	$ 8.59
Exercised, options (in shares) | shares	0
Exercised, weighted average exercise price (in dollars per share) | $ / shares	$ 0
Forfeited, options (in shares) | shares	0
Forfeited, weighted average exercise price (in dollars per share) | $ / shares	$ 0
Outstanding, options (in shares) | shares	2,346,416
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 8.59
Outstanding, weighted average remaining contractual term (Year)	9 years 10 months 24 days
Outstanding, aggregate intrinsic value | $	$ 2,276
Exercisable, options (in shares) | shares	0
Exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 0
Exercisable, aggregate intrinsic value | $	$ 0

Note 3 - Stock-based Compensa_7

Note 3 - Stock-based Compensation - Non-vested Restricted Stock Activity (Details) - Restricted Stock [Member]	6 Months Ended
	Jan. 01, 2023 $ / shares shares
Non-vested – beginning of period (in shares) | shares	929,709
Non-vested , Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 21.82
Granted (in shares) | shares	717,799
Granted, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 8.38
Vested (in shares) | shares	(368,249)
Vested, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 17.68
Forfeited (in shares) | shares	(37,903)
Forfeited, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 21.30
Non-vested - end of period (in shares) | shares	1,241,356
Non-vested, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 15.29

Note 4 - Acquisitions (Details

Note 4 - Acquisitions (Details Textual) - USD ($) $ in Thousands			3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2021	Oct. 27, 2021	Jan. 01, 2023	Dec. 26, 2021	Jan. 01, 2023	Dec. 26, 2021	Sep. 30, 2021	Dec. 31, 2020	Jul. 03, 2022	Jun. 27, 2021
Revenue from Contract with Customer, Excluding Assessed Tax, Total			$ 897,877	$ 943,044	$ 1,201,481	$ 1,252,417
Goodwill, Ending Balance			213,999	$ 213,999	$ 213,999	$ 213,999			$ 213,287	$ 213,287
Customer Lists [Member]
Finite-Lived Intangible Asset, Useful Life (Year)					10 years
Vital Choice [Member]
Revenue from Contract with Customer, Excluding Assessed Tax, Total								$ 27,800
Vital Choice [Member]
Business Combination, Consideration Transferred, Total		$ 20,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total		9,800	9,200		$ 9,200
Goodwill, Ending Balance		4,383	5,017		5,017
Vital Choice [Member] | Trade Names [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total		4,900
Goodwill, Ending Balance		5,000
Vital Choice [Member] | Customer Lists [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total		$ 4,300
Finite-Lived Intangible Asset, Useful Life (Year)		5 years
Alice's Table, Inc. [Member]
Business Combination, Consideration Transferred, Total	$ 1,300
Revenue from Contract with Customer, Excluding Assessed Tax, Total							$ 3,800
Goodwill, Ending Balance			800		800
Payments to Acquire Businesses, Gross	800
Business Combination, Consideration Transferred, Other	300
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value	$ 300
Business Combination, Step Acquisition, Equity Interest in Acquiree, Including Subsequent Acquisition, Percentage	100%
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss	$ 700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue			200		200
Alice's Table, Inc. [Member] | Trademarks [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets			$ 500		500
Alice's Table, Inc. [Member] | Customer Lists [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			4 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			$ 200		$ 200

Note 4 - Acquisitions - Prelimi

Note 4 - Acquisitions - Preliminary Allocation of the Purchase Price to the Estimated Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	6 Months Ended	14 Months Ended
	Dec. 26, 2021	Jan. 01, 2023	Jul. 03, 2022	Oct. 27, 2021	Jun. 27, 2021
Goodwill	$ 213,999	$ 213,999	$ 213,287		$ 213,287
Vital Choice [Member]
Inventory		8,653		$ 8,653
Other current assets		455		929
Other current assets, adjustment		(474)
Property, plant and equipment		0		205
Property, plant and equipment, adjustment		(205)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total		9,200		9,800
Intangible assets, adjustment		(600)
Goodwill		5,017		4,383
Goodwill, adjustment	$ 600	634
Total assets acquired		23,325		23,970
Total assets acquired, adjustment		(645)
Current liabilities		3,365		3,621
Current liabilities, adjustment		(256)
Net assets acquired		19,960		$ 20,349
Net assets acquired, adjustment		$ (389)

Note 5 - Inventory, Net - Summa

Note 5 - Inventory, Net - Summary of Inventory (Details) - USD ($) $ in Thousands	Jan. 01, 2023	Jul. 03, 2022
Finished goods	$ 109,404	$ 128,760
Work-in-process	19,065	29,270
Raw materials	72,588	89,533
Total inventory	$ 201,057	$ 247,563

Note 6 - Goodwill and Intangi_3

Note 6 - Goodwill and Intangible Assets, Net (Details Textual) $ in Millions	Jan. 01, 2023 USD ($)
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	$ 2
Finite-Lived Intangible Asset, Expected Amortization, Year One	4.2
Finite-Lived Intangible Asset, Expected Amortization, Year Two	1.7
Finite-Lived Intangible Asset, Expected Amortization, Year Three	1.1
Finite-Lived Intangible Asset, Expected Amortization, Year Four	0.5
Finite-Lived Intangible Asset, Expected Amortization, after Year Four	$ 0.6

Note 6 - Goodwill and Intangi_4

Note 6 - Goodwill and Intangible Assets, Net - Goodwill by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		14 Months Ended
	Jan. 01, 2023	Dec. 26, 2021	Jan. 01, 2023	Dec. 26, 2021	Jan. 01, 2023
Balance			$ 213,287	$ 213,287
Balance	$ 213,999	$ 213,999	213,999	213,999	$ 213,999
Vital Choice [Member]
Balance					4,383
Measurement period adjustment				600	634
Balance	5,017		5,017		5,017
Alice's Table, Inc. [Member]
Measurement period adjustment				112
Balance	800		800		800
Consumer Floral [Member]
Balance	151,600
Balance	151,712		151,712		151,712
Consumer Floral [Member] | Vital Choice [Member]
Measurement period adjustment	0
Consumer Floral [Member] | Alice's Table, Inc. [Member]
Measurement period adjustment	112
BloomNet Wire Service [Member]
Balance		0
Balance		0		$ 0
BloomNet Wire Service [Member] | Vital Choice [Member]
Measurement period adjustment		0
BloomNet Wire Service [Member] | Alice's Table, Inc. [Member]
Measurement period adjustment		$ 0
Gourmet Foods and Gift Baskets [Member]
Balance			61,687
Balance	$ 62,287		62,287		$ 62,287
Gourmet Foods and Gift Baskets [Member] | Vital Choice [Member]
Measurement period adjustment			600
Gourmet Foods and Gift Baskets [Member] | Alice's Table, Inc. [Member]
Measurement period adjustment			$ 0

Note 6 - Goodwill and Intangi_5

Note 6 - Goodwill and Intangible Assets, Net - Other Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jan. 01, 2023	Jul. 03, 2022
Intangible assets with determinable lives, gross	$ 38,675	$ 38,875
Accumulated amortization	28,601	26,480
Intangible assets with determinable lives, net	10,074	12,395
Trademarks with indefinite lives, gross	132,773	133,173
Total identifiable intangible assets, gross	171,448	172,048
Accumulated amortization	28,601	26,480
Other intangibles, net	$ 142,847	145,568
Licensing Agreements [Member]
Finite-lived intangible asset, useful life (Year)	16 years
Intangible assets with determinable lives, gross	$ 7,420	7,420
Accumulated amortization	6,516	6,464
Intangible assets with determinable lives, net	904	956
Accumulated amortization	$ 6,516	6,464
Licensing Agreements [Member] | Minimum [Member]
Finite-lived intangible asset, useful life (Year)	14 years
Customer Lists [Member]
Finite-lived intangible asset, useful life (Year)	10 years
Intangible assets with determinable lives, gross	$ 28,309	28,509
Accumulated amortization	19,512	17,473
Intangible assets with determinable lives, net	8,797	11,036
Accumulated amortization	$ 19,512	17,473
Customer Lists [Member] | Minimum [Member]
Finite-lived intangible asset, useful life (Year)	3 years
Other Intangible Assets [Member]
Finite-lived intangible asset, useful life (Year)	14 years
Intangible assets with determinable lives, gross	$ 2,946	2,946
Accumulated amortization	2,573	2,543
Intangible assets with determinable lives, net	373	403
Accumulated amortization	$ 2,573	$ 2,543
Other Intangible Assets [Member] | Minimum [Member]
Finite-lived intangible asset, useful life (Year)	5 years

Note 7 - Investments (Details T

Note 7 - Investments (Details Textual) - USD ($) $ in Millions	Jan. 01, 2023	Jul. 03, 2022
Equity Securities without Readily Determinable Fair Value, Amount	$ 3.5	$ 3.5

Note 8 - Debt, Net (Details Tex

Note 8 - Debt, Net (Details Textual) $ in Millions				29 Months Ended
		Aug. 20, 2020 USD ($)	May 31, 2019 USD ($)	May 31, 2024	Apr. 02, 2023	Jan. 01, 2023 USD ($)	Oct. 02, 2022	Aug. 29, 2022 USD ($)	Jul. 30, 2022	Jul. 03, 2022 USD ($)	Aug. 19, 2020 USD ($)	May 30, 2019 USD ($)
The 2019 Credit Agreement [Member]
Consolidated Leverage Ratio							4.25%		3.25%
Consolidated Fixed Charge Coverage Ratio						1%	1%			1.50%
Capital Expenditures Disregarded in Consolidated Fixed Charge Coverage Ratio Calculation			$ 25					$ 35
The 2019 Credit Agreement [Member] | Forecast [Member]
Consolidated Fixed Charge Coverage Ratio					1%
The 2019 Credit Agreement [Member] | Revolving Credit Facility [Member]
Proceeds from Lines of Credit, Total			200
Line of Credit Facility, Maximum Borrowing Capacity			100
The 2020 Credit Agreement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 250									$ 200
Debt Instrument, Working Capital Sublimit		200									175
Debt Instrument, Seasonally-reduced Revolver Commitments		$ 125									$ 100
Debt Instrument, Number of Periodic Payments		15
Term Loan [Member]
Long-term Debt, Total	[1]					$ 155				$ 165
Term Loan [Member] | The 2019 Credit Agreement [Member]
Long-term Debt, Total			$ 100									$ 97
Debt Instrument, Number of Installment Payments			19
Debt Instrument, Principal Payment Percentage In First Eight Payments			5%
Debt Instrument, Principal Payment Percentage In Remaining Eleven Payments			10%
Debt Instrument, Principal Payment Due Upon Maturity			$ 62.5
Term Loan [Member] | The 2019 Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate, Increase (Decrease)			(0.25%)
Line of Credit and Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Base Rate, Basis Spread on Variable Rate			1%
Line of Credit and Term Loan [Member] | Fed Funds Effective Rate Overnight Index Swap Rate [Member]
Debt Instrument, Base Rate, Basis Spread on Variable Rate			0.50%
The New Term Loan [Member] | The 2020 Credit Agreement [Member]
Debt Instrument, Face Amount		$ 100
Debt Instrument Principal Payment Percentage in First Four Payments		5%
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid		$ 67.5
Long-Term Debt, Maturity, Remainder of Fiscal Year						10
Long-Term Debt, Maturity, Year One						$ 145
The New Term Loan [Member] | The 2020 Credit Agreement [Member] | Forecast [Member]
Debt Instrument, Principal Payment Percentage In Remaining Eleven Payments				10%
[1]On May 31, 2019, the Company and certain of its U.S. subsidiaries entered into a Second Amended and Restated Credit Agreement (the “2019 Credit Agreement”) with JPMorgan Chase Bank, N.A. as administrative agent, and a group of lenders. The 2019 Credit Agreement amended and restated the Company’s existing amended and restated credit agreement dated as of December 23, 2016 to, among other modifications: (i) increase the amount of the outstanding term loan (“Term Loan”) from approximately $97 million to $100 million, (ii) extend the maturity date of the outstanding Term Loan and the revolving credit facility (“Revolver”) by approximately 29 months to May 31, 2024, and (iii) decrease the applicable interest rate margins for LIBOR and base rate loans by 25 basis points. The Term Loan is payable in 19 quarterly installments of principal and interest beginning on September 29, 2019, with escalating principal payments, at the rate of 5.0% per annum for the first eight payments, and 10.0% per annum for the remaining 11 payments, with the remaining balance of $62.5 million due upon maturity. The Revolver, in the aggregate amount of $200 million, subject to seasonal reduction to an aggregate amount of $100 million for the period from January 1 through August 1, may be used for working capital and general corporate purposes, subject to certain restrictions. For each borrowing under the 2019 Credit Agreement, the Company may elect that such borrowing bear interest at an annual rate equal to either: (1) a base rate plus an applicable margin varying based on the Company’s consolidated leverage ratio, where the base rate is the highest of (a) the prime rate, (b) the New York fed bank rate plus 0.5%, and (c) a LIBOR rate plus 1%, or (2) an adjusted LIBOR rate plus an applicable margin varying based on the Company’s consolidated leverage ratio.

Note 8 - Debt, Net - Summary of

Note 8 - Debt, Net - Summary of Current and Long-term Debt (Details) - USD ($) $ in Thousands		Jan. 01, 2023	Jul. 03, 2022
Deferred financing costs		$ (2,214)	$ (2,503)
Debt instrument, carrying amount		152,786	162,497
Less: current debt		20,000	20,000
Long-term debt		132,786	142,497
Line of Credit [Member]
Revolver	[1]	0	0
Term Loan [Member]
Term Loans	[1]	$ 155,000	$ 165,000
[1]On May 31, 2019, the Company and certain of its U.S. subsidiaries entered into a Second Amended and Restated Credit Agreement (the “2019 Credit Agreement”) with JPMorgan Chase Bank, N.A. as administrative agent, and a group of lenders. The 2019 Credit Agreement amended and restated the Company’s existing amended and restated credit agreement dated as of December 23, 2016 to, among other modifications: (i) increase the amount of the outstanding term loan (“Term Loan”) from approximately $97 million to $100 million, (ii) extend the maturity date of the outstanding Term Loan and the revolving credit facility (“Revolver”) by approximately 29 months to May 31, 2024, and (iii) decrease the applicable interest rate margins for LIBOR and base rate loans by 25 basis points. The Term Loan is payable in 19 quarterly installments of principal and interest beginning on September 29, 2019, with escalating principal payments, at the rate of 5.0% per annum for the first eight payments, and 10.0% per annum for the remaining 11 payments, with the remaining balance of $62.5 million due upon maturity. The Revolver, in the aggregate amount of $200 million, subject to seasonal reduction to an aggregate amount of $100 million for the period from January 1 through August 1, may be used for working capital and general corporate purposes, subject to certain restrictions. For each borrowing under the 2019 Credit Agreement, the Company may elect that such borrowing bear interest at an annual rate equal to either: (1) a base rate plus an applicable margin varying based on the Company’s consolidated leverage ratio, where the base rate is the highest of (a) the prime rate, (b) the New York fed bank rate plus 0.5%, and (c) a LIBOR rate plus 1%, or (2) an adjusted LIBOR rate plus an applicable margin varying based on the Company’s consolidated leverage ratio.

Note 9 - Property, Plant and _3

Note 9 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jan. 01, 2023	Jul. 03, 2022
Property, plant, and equipment, gross	$ 503,501	$ 479,787
Accumulated depreciation and amortization	(267,588)	(243,306)
Property, plant and equipment, net	235,913	236,481
Land [Member]
Property, plant, and equipment, gross	33,866	33,862
Orchards in Production and Land Improvements [Member]
Property, plant, and equipment, gross	20,134	19,773
Building and Building Improvements [Member]
Property, plant, and equipment, gross	66,631	65,909
Leasehold Improvements [Member]
Property, plant, and equipment, gross	29,039	26,266
Equipment [Member]
Property, plant, and equipment, gross	120,179	106,244
Furniture and Fixtures [Member]
Property, plant, and equipment, gross	8,895	8,985
Computer and Telecommunication Equipment [Member]
Property, plant, and equipment, gross	40,590	38,934
Software and Software Development Costs [Member]
Property, plant, and equipment, gross	180,187	165,289
Capital Projects in Progress [Member]
Property, plant, and equipment, gross	$ 3,980	$ 14,525

Note 10 - Fair Value Measurem_3

Note 10 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands		Jan. 01, 2023	Jul. 03, 2022
Trading securities held in a “rabbi trust”	[1]	$ 19,621	$ 17,760
Total assets (liabilities) at fair value		19,621	17,760
Fair Value, Inputs, Level 1 [Member]
Trading securities held in a “rabbi trust”	[1]	19,621	17,760
Total assets (liabilities) at fair value		19,621	17,760
Fair Value, Inputs, Level 2 [Member]
Trading securities held in a “rabbi trust”	[1]	0	0
Total assets (liabilities) at fair value		0	0
Fair Value, Inputs, Level 3 [Member]
Trading securities held in a “rabbi trust”	[1]	0	0
Total assets (liabilities) at fair value		$ 0	$ 0
[1]The Company has established a NQDC Plan for certain members of senior management. Deferred compensation plan assets are invested in mutual funds held in a “rabbi trust,” which is restricted for payment to participants of the NQDC Plan. Trading securities held in a rabbi trust are measured using quoted market prices at the reporting date and are included in the “Other assets” line item, with the corresponding liability included in the “Other liabilities” line item in the consolidated balance sheets.

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 01, 2023	Dec. 26, 2021	Jan. 01, 2023	Dec. 26, 2021
Effective Income Tax Rate Reconciliation, Percent, Total	25.50%	24%	25.70%	20.90%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21%	21%
Unrecognized Tax Benefits, Ending Balance	$ 1.4		$ 1.4
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 0.1		$ 0.1
Domestic Tax Authority [Member]
Open Tax Year			2019 2020 2021
State and Local Jurisdiction [Member]
Open Tax Year			2016 2017 2018 2019

Note 12 - Business Segments (De

Note 12 - Business Segments (Details Textual)	6 Months Ended
	Jan. 01, 2023
Number of Reportable Segments	3

Note 12 - Business Segments - S

Note 12 - Business Segments - Segment Performance (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jan. 01, 2023	Dec. 26, 2021	Jan. 01, 2023	Dec. 26, 2021
Net revenues		$ 897,877	$ 943,044	$ 1,201,481	$ 1,252,417
Depreciation and amortization		(14,315)	(12,588)	(27,009)	(23,558)
Operating income		115,125	115,729	73,765	95,405
Operating Segments [Member]
Net revenues		897,877	943,044	1,201,481	1,252,417
Contribution margin		160,737	160,545	162,354	182,922
Corporate, Non-Segment [Member]
Net revenues		72	69	116	114
Corporate (a)	[1]	(31,297)	(32,228)	(61,580)	(63,959)
Intersegment Eliminations [Member]
Net revenues		(527)	(984)	(742)	(1,201)
Consumer Floral and Gifts [Member] | Operating Segments [Member]
Net revenues		277,049	315,083	439,229	496,312
BloomNet [Member] | Operating Segments [Member]
Net revenues		32,852	37,930	66,219	68,764
Contribution margin		9,348	11,887	18,865	22,747
Gourmet Foods and Gift Baskets [Member] | Operating Segments [Member]
Net revenues		588,431	590,946	696,659	688,428
Contribution margin		123,503	110,502	104,793	102,829
Consumer Floral [Member] | Operating Segments [Member]
Net revenues		277,049	315,083	439,229	496,312
Contribution margin		$ 27,886	$ 38,156	$ 38,696	$ 57,346
[1]Corporate expenses consist of the Company’s enterprise shared service cost centers, and include, among other items, Information Technology, Human Resources, Accounting and Finance, Legal, Executive and Customer Service Center functions, as well as Stock-Based Compensation. In order to leverage the Company’s infrastructure, these functions are operated under a centralized management platform, providing support services throughout the organization. The costs of these functions, other than those of the Customer Service Center, which are allocated directly to the above categories based upon usage, are included within corporate expenses as they are not directly allocable to a specific segment.

Note 12 - Business Segments - D

Note 12 - Business Segments - Disaggregation of Revenue From Contracts With Customers (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 01, 2023	Dec. 26, 2021	Jan. 01, 2023	Dec. 26, 2021
Net revenues	$ 897,877	$ 943,044	$ 1,201,481	$ 1,252,417
Product and Service, Other [Member]
Net revenues	107,467	115,522	172,149	161,524
Operating Segments [Member]
Net revenues	897,877	943,044	1,201,481	1,252,417
Operating Segments [Member] | E-commerce [Member]
Net revenues	790,410	827,522	1,029,332	1,090,893
Operating Segments [Member] | Product and Service, Other [Member]
Net revenues	107,467	115,522	172,149	161,524
Operating Segments [Member] | Product and Service, Other [Member] | Retail and Other [Member]
Net revenues	6,281	6,854	9,987	10,634
Operating Segments [Member] | Product and Service, Other [Member] | Wholesale [Member]
Net revenues	80,843	86,237	122,244	107,781
Operating Segments [Member] | Product and Service, Other [Member] | Bloomnet Services [Member]
Net revenues	20,798	23,346	40,544	44,196
Corporate, Non-Segment [Member]
Net revenues	72	69	116	114
Intersegment Eliminations [Member]
Net revenues	(527)	(984)	(742)	(1,201)
Consumer Floral [Member] | Product and Service, Other [Member]
Net revenues	1,968	2,263	3,766	4,206
Consumer Floral [Member] | Operating Segments [Member]
Net revenues	277,049	315,083	439,229	496,312
Consumer Floral [Member] | Operating Segments [Member] | E-commerce [Member]
Net revenues	275,081	312,820	435,463	492,106
Consumer Floral [Member] | Operating Segments [Member] | Product and Service, Other [Member]
Net revenues	1,968	2,263	3,766	4,206
Consumer Floral [Member] | Operating Segments [Member] | Product and Service, Other [Member] | Retail and Other [Member]
Net revenues	1,968	2,263	3,766	4,206
Consumer Floral [Member] | Operating Segments [Member] | Product and Service, Other [Member] | Wholesale [Member]
Net revenues	0	0	0	0
Consumer Floral [Member] | Operating Segments [Member] | Product and Service, Other [Member] | Bloomnet Services [Member]
Net revenues	0	0	0	0
Consumer Floral [Member] | Corporate, Non-Segment [Member] | Product and Service, Other [Member]
Net revenues	72	69	116	114
Consumer Floral [Member] | Intersegment Eliminations [Member] | Product and Service, Other [Member]
Net revenues	(527)	(984)	(742)	(1,201)
BloomNet Wire Service [Member] | Operating Segments [Member] | E-commerce [Member]
Net revenues	0	0	0	0
Gourmet Foods and Gift Baskets [Member] | Product and Service, Other [Member]
Net revenues	73,102	76,244	102,790	89,641
Gourmet Foods and Gift Baskets [Member] | Operating Segments [Member]
Net revenues	588,431	590,946	696,659	688,428
Gourmet Foods and Gift Baskets [Member] | Operating Segments [Member] | E-commerce [Member]
Net revenues	515,329	514,702	593,869	598,787
Gourmet Foods and Gift Baskets [Member] | Operating Segments [Member] | Product and Service, Other [Member]
Net revenues	73,102	76,244	102,790	89,641
Gourmet Foods and Gift Baskets [Member] | Operating Segments [Member] | Product and Service, Other [Member] | Retail and Other [Member]
Net revenues	4,313	4,591	6,221	6,428
Gourmet Foods and Gift Baskets [Member] | Operating Segments [Member] | Product and Service, Other [Member] | Wholesale [Member]
Net revenues	68,789	71,653	96,569	83,213
Gourmet Foods and Gift Baskets [Member] | Operating Segments [Member] | Product and Service, Other [Member] | Bloomnet Services [Member]
Net revenues	0	0	0	0
Corporate and Other [Member] | Product and Service, Other [Member]
Net revenues	(455)	(915)	(626)	(1,087)
Corporate and Other [Member] | Operating Segments [Member]
Net revenues	(455)	(915)	(626)	(1,087)
Corporate and Other [Member] | Operating Segments [Member] | E-commerce [Member]
Net revenues	0	0	0	0
Corporate and Other [Member] | Operating Segments [Member] | Product and Service, Other [Member]
Net revenues	(455)	(915)	(626)	(1,087)
Corporate and Other [Member] | Operating Segments [Member] | Product and Service, Other [Member] | Retail and Other [Member]
Net revenues	0	0	0	0
Corporate and Other [Member] | Operating Segments [Member] | Product and Service, Other [Member] | Wholesale [Member]
Net revenues	0	0	0	0
Corporate and Other [Member] | Operating Segments [Member] | Product and Service, Other [Member] | Bloomnet Services [Member]
Net revenues	0	0	0	0
BloomNet [Member] | Product and Service, Other [Member]
Net revenues	32,852	37,930	66,219	68,764
BloomNet [Member] | Operating Segments [Member]
Net revenues	32,852	37,930	66,219	68,764
BloomNet [Member] | Operating Segments [Member] | Product and Service, Other [Member]
Net revenues	32,852	37,930	66,219	68,764
BloomNet [Member] | Operating Segments [Member] | Product and Service, Other [Member] | Retail and Other [Member]
Net revenues	0	0	0	0
BloomNet [Member] | Operating Segments [Member] | Product and Service, Other [Member] | Wholesale [Member]
Net revenues	12,054	14,584	25,675	24,568
BloomNet [Member] | Operating Segments [Member] | Product and Service, Other [Member] | Bloomnet Services [Member]
Net revenues	$ 20,798	$ 23,346	$ 40,544	$ 44,196

Note 13 - Leases - Lease Costs

Note 13 - Leases - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 01, 2023	Dec. 26, 2021	Jan. 01, 2023	Dec. 26, 2021
Operating lease costs	$ 5,606	$ 5,101	$ 10,953	$ 9,064
Variable lease costs	6,603	5,745	12,454	10,875
Short-term lease cost	2,889	2,916	4,454	4,497
Sublease income	(241)	(175)	(484)	(357)
Total lease costs	$ 14,857	$ 13,587	27,377	24,079
Cash paid for amounts included in measurement of operating lease liabilities			9,851	7,309
Right-of-use assets obtained in exchange for new operating lease liabilities			$ 10,521	$ 55,433
Weighted-average remaining lease term - operating leases (in years) (Year)	9 years 1 month 6 days		9 years 1 month 6 days
Weighted-discount rate - operating leases	3.90%		3.90%

Note 13 - Leases - Maturities o

Note 13 - Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Jan. 01, 2023	Jul. 03, 2022
Remainder of 2023	$ 9,358
2024	22,235
2025	19,946
2026	18,006
2027	16,376
Thereafter	82,497
Total Future Minimum Lease Payments	168,418
Less: Imputed Remaining Interest	28,404
Total Operating Lease Liabilities	140,014
Less: Current portion of long-term operating lease liabilities	15,289	$ 12,919
Long-term operating lease liabilities	$ 124,725	$ 123,662

Note 14 - Accrued Expenses - Ac

Note 14 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Jan. 01, 2023	Jul. 03, 2022
Payroll and employee benefits	$ 33,543	$ 37,617
Deferred revenue	46,537	33,746
Accrued marketing expenses	22,138	19,506
Accrued florist payout	22,210	18,938
Accrued purchases	46,464	32,141
Other	63,034	33,444
Accrued Expenses	$ 233,926	$ 175,392

Note 15 - Commitments and Con_2

Note 15 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	Jan. 01, 2023	Jul. 03, 2022	Mar. 27, 2022
Accrued Expenses [Member]
Loss Contingency Accrual, Ending Balance	$ 2.9	$ 2.9	$ 2.9

Note 16 - Subsequent Events (De

Note 16 - Subsequent Events (Details Textual) - USD ($) $ in Millions		12 Months Ended
	Jan. 10, 2023	Nov. 30, 2022
Things Remembered [Member]
Revenue from Contract with Customer, Including Assessed Tax		$ 30.4
Subsequent Event [Member] | Things Remembered Brand [Member]
Business Combination, Consideration Transferred, Total	$ 5