1-800-Flowers Has Withered In Recent Years (Rating Downgrade)
1-800-FLOWERS.COM faces deteriorating revenue, profits, and cash flows, prompting a downgrade to 'sell' ahead of upcoming earnings. Management's cost-cutting and marketing shifts have not offset persistent revenue declines, with EBITDA expected near break-even, and Consumer Floral & Gifts sales fell 19%.
Why it matters — FLWS watchers would care because the company's ongoing revenue declines and near break-even EBITDA point to continued financial pressure ahead of its earnings report.