1-800-Flowers.com Shares Decline on Withdrawn Guidance, 3Q Results

Dow Jones

09 May

By Denny Jacob

1-800-Flowers.com shares declined 24% in premarket trading after withdrawing its guidance for the near-term and soft third-quarter results.

Shares on Friday were trading around $4.40. The stock is down 26% on the year.

The floral-and-gift delivery company said it was withdrawing its guidance given the evolving macroeconomic landscape and other uncertainties.

In the latest quarter, 1-800-Flowers.com widened its loss to $178.2 million, or $2.80 a share, from $16.9 million, or 26 cents a share, in the year-ago period. Revenue declined to $331.5 million from $379.4 million.

The decline in its topline was due to lower demand from consumers, said 1-800-Flowers.com.

Revenue declined in its gourmet foods and gift baskets segment and its consumer floral and gifts segment.

Chief Executive Jim McCann, who announced he would step down, said the company was "deeply disappointed by the quarterly results."

"In this case, the best thing I can do is fire myself and hire someone who's much more skilled than I am in the areas that are important to the company going forward," McCann said in an interview with The Wall Street Journal.

The company's new CEO will be Adolfo Villagomez, a former Home Depot e-commerce executive and McKinsey consultant who since 2022 has been CEO of Progress Residential.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

May 09, 2025 07:51 ET (11:51 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The stock is down 26% on the year. \n</p>\n<p>\n  The floral-and-gift delivery company said it was withdrawing its guidance given the evolving macroeconomic landscape and other uncertainties. \n</p>\n<p>\n  In the latest quarter, 1-800-Flowers.com widened its loss to $178.2 million, or $2.80 a share, from $16.9 million, or 26 cents a share, in the year-ago period. 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The stock is down 26% on the year. \n</p>\n<p>\n  The floral-and-gift delivery company said it was withdrawing its guidance given the evolving macroeconomic landscape and other uncertainties. \n</p>\n<p>\n  In the latest quarter, 1-800-Flowers.com widened its loss to $178.2 million, or $2.80 a share, from $16.9 million, or 26 cents a share, in the year-ago period. Revenue declined to $331.5 million from $379.4 million. \n</p>\n<p>\n  The decline in its topline was due to lower demand from consumers, said 1-800-Flowers.com. \n</p>\n<p>\n  Revenue declined in its gourmet foods and gift baskets segment and its consumer floral and gifts segment. \n</p>\n<p>\n  Chief Executive Jim McCann, who announced he would step down, said the company was \"deeply disappointed by the quarterly results.\" \n</p>\n<p>\n  \"In this case, the best thing I can do is fire myself and hire someone who's much more skilled than I am in the areas that are important to the company going forward,\" McCann said in an interview with The Wall Street Journal. \n</p>\n<p>\n  The company's new CEO will be Adolfo Villagomez, a former Home Depot e-commerce executive and McKinsey consultant who since 2022 has been CEO of Progress Residential. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 09, 2025 07:51 ET (11:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2534834024","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534834024","pubTimestamp":1746791460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1-800-Flowers.com shares declined 24% in premarket trading after withdrawing its guidance for the near-term and soft third-quarter results.Shares on Friday were trading around $4.40. The stock is down 26% on the year.The floral-and-gift delivery company said it was withdrawing its guidance given the evolving macroeconomic landscape and other uncertainties.In the latest quarter, 1-800-Flowers.com widened its loss to $178.2 million, or $2.80 a share, from $16.9 million, or 26 cents a share, in the year-ago period. Revenue declined to $331.5 million from $379.4 million.The decline in its topline was due to lower demand from consumers, said 1-800-Flowers.com.Revenue declined in its gourmet foods and gift baskets segment and its consumer floral and gifts segment.Chief Executive Jim McCann, who announced he would step down, said the company was \"deeply disappointed by the quarterly results.\". \"In this case, the best thing I can do is fire myself and hire someone who's much more skilled than ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"1-800-Flowers.com股价因撤回指引和第三季度业绩而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FLWS":1},"content_text":"By Denny Jacob \n\n\n \n\n\n  1-800-Flowers.com shares declined 24% in premarket trading after withdrawing its guidance for the near-term and soft third-quarter results. \n\n\n  Shares on Friday were trading around $4.40. The stock is down 26% on the year. \n\n\n  The floral-and-gift delivery company said it was withdrawing its guidance given the evolving macroeconomic landscape and other uncertainties. \n\n\n  In the latest quarter, 1-800-Flowers.com widened its loss to $178.2 million, or $2.80 a share, from $16.9 million, or 26 cents a share, in the year-ago period. Revenue declined to $331.5 million from $379.4 million. \n\n\n  The decline in its topline was due to lower demand from consumers, said 1-800-Flowers.com. \n\n\n  Revenue declined in its gourmet foods and gift baskets segment and its consumer floral and gifts segment. \n\n\n  Chief Executive Jim McCann, who announced he would step down, said the company was \"deeply disappointed by the quarterly results.\" \n\n\n  \"In this case, the best thing I can do is fire myself and hire someone who's much more skilled than I am in the areas that are important to the company going forward,\" McCann said in an interview with The Wall Street Journal. \n\n\n  The company's new CEO will be Adolfo Villagomez, a former Home Depot e-commerce executive and McKinsey consultant who since 2022 has been CEO of Progress Residential. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 09, 2025 07:51 ET (11:51 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}