Why 1-800-FLOWERS (FLWS) Stock Is Nosediving
Shares of e-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) fell 17.3% in the pre-market session after the company reported weak fourth quarter results, with its revenue and EPS fallin below analysts' expectations. Adding to the bad news, the company's full-year EBITDA guidance missed Wall Street's estimates significantly. Management expressed displeasure at the results, which were marred by "a softer than anticipated and highly promotional consumer environment, along with a pullb