1-800-Flowers.com (NASDAQ:FLWS) reported a bigger-than-expected loss for its fiscal fourth quarter and issued a downbeat profit forecast for fiscal 2027, sending shares down 9.3%.
Revenue for the quarter came in at $293.1 million, missing estimates of $294 million and marking a 12.9% decline from a year earlier.
The company posted an adjusted loss of $0.80 per share, wider than the $0.69 loss analysts had expected. Adjusted EBITDA came in at a loss of $31 million, compared with expectations for a loss of $30.3 million. Gross margin was 34.7%, down 80 basis points year-over-year.
For fiscal 2027, the company guided for adjusted EBITDA of $10 million to $15 million, well below the $27.7 million analysts had forecast. It also guided for net revenue to decline in the mid-single-digit range.
By segment, Consumer Floral & Gifts net revenue fell 13.4% to $182.8 million, while Gourmet Foods & Gift Baskets dropped 15.4% to $85.8 million. BloomNet was the lone bright spot, with net revenue up 1.9% to $24.7 million.
The company said it is evaluating options including the sale of non-strategic assets and capital raising measures intended to optimize its capital structure and support investments in its transformation.
