1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) sees a 5.7% decline in revenue for its fiscal 2025 second quarter due to a softer consumer environment.
Fund 1 Investments, LLC increases its stake in FLWS, purchasing 57,734 shares at $7.29 each.
The stock price of FLWS currently stands at $8.09, reflecting a decrease of 8.38% or $0.74.
1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) is a renowned retailer specializing in floral arrangements and gift products, operating through various brands including Harry & David. The company, a significant player in the online retail space, competes with other online gift retailers and traditional florists. Recently, Fund 1 Investments, LLC, a major shareholder, bolstered its position in FLWS by acquiring 57,734 shares at $7.29 each.
Despite this investment, FLWS reported a 5.7% decline in revenue for its fiscal 2025 second quarter. This downturn was attributed to a softer consumer environment, as emphasized by Jim McCann, the company’s Chairman and CEO. Factors such as high promotional activity and reduced corporate gifting orders were highlighted as contributors to the underperformance, although improvements in the wholesale business offered some mitigation.
The stock price of FLWS is currently $8.09, marking a decrease of 8.38% or $0.74. The stock has seen fluctuations between $6.56 and $8.31 today, with a 52-week range of $6.56 to $11.42. The company’s market capitalization stands at approximately $516.55 million, indicating its size in the market. The trading volume for the day is 1,590,829 shares, demonstrating active investor interest.
Challenges also emerged from the implementation of a new order management system for Harry & David, impacting FLWS’s performance. McCann noted that changing consumer engagement patterns have affected the company. In response, FLWS is focusing on its Work Smarter initiative to enhance efficiency and adapt to market conditions.
