1-800-FLOWERS.COM Cuts FY24 Total Revenues Outlook On Softer Than Anticipated Revenue Improvement; Now Sees Decline Of 7%-9% (Prior View Decline In The Mid-Single Digits)
$FLWS
Other Specialty Stores
Consumer Discretionary
The Company is updating its Fiscal 2024 guidance to reduce its revenue outlook for the full year, while maintaining its Adjusted EBITDA and Free Cash Flow expectations, as the improvement in gross profit margin and the company's expense optimization efforts are expected to mitigate the softer than anticipated revenue improvement.