Shares of online gifts retailer 1-800-Flowers.com (NASDAQ: FLWS) plummeted 20.39% in pre-market trading on Thursday, following the company's disappointing second-quarter fiscal 2025 results and a lowered annual guidance.
For the quarter ended December 2024, 1-800-Flowers.com reported an adjusted earnings per share of $1.08, missing the consensus estimate of $1.19. Revenue came in at $775.5 million, down 5.7% year-over-year and below analysts' expectations of $801.6 million. The company attributed the weak performance to a softer and highly promotional consumer environment, as well as a pullback in corporate gifting orders.
Additionally, 1-800-Flowers.com lowered its full-year fiscal 2025 guidance, now expecting revenue to decline in the mid-single digits range, compared to its previous expectation of flat to mid-single digits decrease. The company also cut its adjusted EBITDA forecast to a range of $65 million to $75 million, down from the prior range of $85 million to $95 million.
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