1-800-Flowers.com For FY24 Reaffirms Guidance For Total Revenues To Decline In The Mid-Single Digits YoY; Adjusted EBITDA Of $95M-$100M; And Free Cash Flow Of $60M-$65M
Portfolio Pulse from Benzinga Newsdesk
1-800-Flowers.com has reaffirmed its FY24 guidance, expecting total revenues to decline in the mid-single digits YoY due to a challenging consumer environment. However, the company anticipates year-over-year trends to improve during the holiday period and into the second half of the fiscal year. The company also expects an improvement in gross margin and an adjusted EBITDA of $95M-$100M, with free cash flow of $60M-$65M.
November 02, 2023 | 10:48 am
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1-800-Flowers.com expects a decline in revenues for FY24 due to a challenging consumer environment, but anticipates improvement in YoY trends and gross margin.
The company's reaffirmed guidance indicates a challenging consumer environment, which could negatively impact revenues. However, the expected improvement in YoY trends and gross margin could offset this, leading to a neutral short-term impact on the stock.
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