1-800-FLOWERS Posts 82-Cent Q4 Loss, Deepening Full-Year Red Ink
FLWS sits 25% above its 52-week low of $2.885.
Summary
1-800-FLOWERS reported a fourth-quarter loss of 82 cents per share, a significant miss that extends the company's streak of quarterly losses. The company's fiscal year ends in June, so this Q4 result completes a year marked by revenue declines and impairment charges. The loss per share is wider than the prior-year quarter, indicating continued margin pressure. With a market cap of roughly $224 million and shares at $3.61, the company is in a precarious financial position. The company is evaluating a range of options to optimize its capital structure, which may include one or more public or private debt or equity financings, potential divestitures of non-strategic assets, or other capital structure transactions. Investors will look for management's commentary on cost cuts and any strategic shifts when the earnings call is held.
At the time of this announcement, FLWS was trading at $3.61 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $223.7M. The 52-week trading range was $2.89 to $7.10. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.