1-800-FLOWERS Stock Plummets on Weak Q4 Results
Shares of 1-800-FLOWERS (NASDAQ: FLWS) plunged 17.3% in pre-market trading after the company reported disappointing fourth-quarter results.
Reasons for the Decline:
* Revenue and EPS below analysts' expectations
* Weak full-year EBITDA guidance
* Disappointing corporate gifting orders
* Soft consumer environment and heavy promotions
Market Reaction:
1-800-FLOWERS's stock has experienced significant volatility, with multiple price drops exceeding 5% in the past year. This recent decline is one of the largest, indicating a significant impact on market sentiment.
Historical Performance:
Despite a 4.7% gain since the start of 2024, 1-800-FLOWERS remains 26.3% below its 52-week high. Investors who invested $1,000 in the company five years ago would now have an investment worth $507.68.
Thematic Investing Opportunity:
While the news has weighed on 1-800-FLOWERS's stock, investors can explore other growth opportunities with the potential to benefit from emerging trends like artificial intelligence.