BUZZ-Retailer 1-800-Flowers.com falls on weak annual forecast

Shares of online gifts retailer 1-800-Flowers.com FLWS.O down nearly 14% at $7.60 premarket

Co now expects FY25 revenue to decline in the mid-single digits range, from prior expectation of flat to mid-single digits decrease

Lowers adjusted EBITDA forecast to a range of $65 mln to $75 mln, compared to prior range of $85 mln to $95 mln

Co's Q2 total consolidated revenue down 5.7% to $775.5 mln

"Our business experienced a softer than anticipated and highly promotional consumer environment, along with a pullback in corporate gifting orders" - FLWS CEO Jim McCann

Stock fell 24% in 2024