Retailer 1-800-Flowers.com falls on weak annual forecast

1-800-FLOWERS.COM

30/01/2025 14:24

** Shares of online gifts retailer 1-800-Flowers.com
 FLWS.O  down nearly 14% at $7.60 premarket
    ** Co now expects FY25 revenue to decline in the mid-single
digits range, from prior expectation of flat to mid-single
digits decrease
    ** Lowers adjusted EBITDA forecast to a range of $65 mln to
$75 mln, compared to prior range of $85 mln to $95 mln
    ** Co's Q2 total consolidated revenue down 5.7% to $775.5
mln
    ** "Our business experienced a softer than anticipated and
highly promotional consumer environment, along with a pullback
in corporate gifting orders" - FLWS CEO Jim McCann
    ** Stock fell 24% in 2024

 (Reporting by Aamir Sohail in Bengaluru)
 ((Aamir.Sohail@thomsonreuters.com;))