1-800-Flowers.com names Adolfo Villagomez as CEO

JERICHO, N.Y. - In a significant leadership transition, 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), currently valued at $367.61 million and trading below its InvestingPro Fair Value, has announced the appointment of Adolfo Villagomez as the new Chief Executive Officer, effective May 12, 2025. He will be taking over from Jim McCann, the company’s founder, who will continue to serve as Executive Chairman.

Villagomez, an experienced leader with a strong background in digital transformation, was previously at the helm of Progress Residential, a major operator in the U.S. single-family rental sector. His track record includes a stint as President of The Home Depot’s online business and Chief Marketing Officer for U.S. Retail, where he oversaw homedepot.com, achieving over $20 billion in sales in 2021.

McCann, expressing confidence in Villagomez’s capabilities, highlighted the importance of this transition, marking the first time someone outside the McCann family has been appointed to the CEO role. According to McCann, Villagomez’s business acumen and passion for the company’s mission were key factors in his selection. The leadership change comes as the company faces challenges, with InvestingPro data showing a negative net income in the last twelve months and revenue decline of 7.84%.

Villagomez expressed his honor at leading the company and his eagerness to collaborate with McCann and the leadership team to spur the company’s growth. His appointment follows an executive search in partnership with Acertitude, a global executive search firm.

1-800-FLOWERS.COM, Inc., known for its e-commerce platform featuring a family of brands, aims to inspire customers to connect and build relationships with thoughtful expressions. The company, which has been recognized as one of America’s Most Trustworthy Companies and Most Admired Workplaces, operates an array of brands and services across the floral and gift industry.

This leadership change is based on a press release statement from 1-800-FLOWERS.COM, Inc. and represents a pivotal moment for the company as it looks to enhance its market presence and foster continued innovation under new guidance. The company’s stock has experienced significant volatility, declining 37% over the past six months, though InvestingPro analysis reveals 10+ additional insights and a comprehensive research report available to subscribers.

In other recent news, 1-800-FLOWERS.COM announced the appointment of Priscilla Kasenchak as its new Chief Accounting Officer, a move that is part of the company’s ongoing management restructuring. Kasenchak, who has been with the company since September 2023 as Senior Vice President of Finance and Corporate Controller, brings extensive experience to her new role. Additionally, Shelton Palmer has been elected to the company’s Board of Directors, where he will serve on the Technology & Cybersecurity Committee. Meanwhile, DA Davidson has maintained its Neutral rating on 1-800-FLOWERS.COM, with a consistent price target of $7.50. Analyst Linda Bolton Weiser noted concerns about ongoing year-over-year sales declines and suggested that a significant improvement in consumer confidence would be necessary for revenue growth. The current price target is based on a valuation of the company’s estimated 2026 EBITDA, but this may be reassessed following the release of the company’s third fiscal quarter 2025 results. These developments come as the company navigates a challenging economic climate and prepares for its upcoming earnings report.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.