1-800-Flowers.com Reports Disappointing Fourth-Quarter Earnings, Misses Revenue and Profit Estimates
1-800-Flowers.com, Inc. (FLWS) reported disappointing fourth-quarter earnings, missing both revenue and profit estimates. The company cited a challenging consumer environment and declining discretionary spending as major factors impacting performance. Despite these challenges, the company managed to increase its gross profit margin and reduce operating expenses, leading to a slight improvement in adjusted EBITDA. Looking ahead, 1-800-Flowers.com anticipates revenue growth to improve throughout the year, driven by expanded product offerings, price adjustments, and enhanced customer experience.