Gifts Retailer 1-800-FLOWERS Q4 Earnings Miss Expectations As Consumers Tighten Spending, CFO Bill Shea To Retire
Portfolio Pulse from Vandana Singh
1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) reported Q4 2024 earnings below expectations, with a loss of 34 cents per share and sales of $360.9 million, both missing consensus estimates. The company faces a challenging consumer environment but improved its gross profit margin. CFO Bill Shea will retire, and James Langrock will take over. The company expects flat to slightly declining revenues for fiscal 2025.
August 29, 2024 | 1:50 pm
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1-800-FLOWERS.COM reported disappointing Q4 earnings with a larger-than-expected loss and declining sales. The company is facing a tough consumer environment but managed to improve its gross profit margin. CFO Bill Shea's retirement adds uncertainty. The stock dropped 12.40% following the news.
The earnings miss and declining sales indicate financial challenges, leading to a negative market reaction with a 12.40% stock drop. The CFO's retirement adds uncertainty, impacting investor confidence. The company's guidance for flat to slightly declining revenues further pressures the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100