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1-800-Flowers.com, Inc. (NASDAQ:FLWS) announced Monday that Thomas Hartnett has transitioned from his position as President to the role of Special Advisor to the Chief Executive Officer. According to a statement in a Securities and Exchange Commission filing, Hartnett will assist with the transition of the President role until his departure from the company. This leadership change comes as the company faces significant challenges, with InvestingPro data showing the stock has fallen nearly 57% year-to-date and operates with a concerning debt burden.
The company did not disclose further details regarding the timing of Hartnett’s departure or plans for appointing a new President. The announcement was made in a press release statement included in the SEC filing.
1-800-Flowers.com is headquartered in Jericho, New York and its Class A Common Stock is listed on the Nasdaq Stock Market. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment, despite financial health indicators rated as "WEAK." Investors can access 10 additional ProTips and comprehensive analysis in the Pro Research Report, available for over 1,400 US equities.
In other recent news, 1-800-Flowers.com has reported a larger-than-expected loss for the first quarter of fiscal year 2026. The company announced earnings per share of -$0.83, which missed analyst forecasts of -$0.64, resulting in a negative earnings surprise of 29.69%. Additionally, revenue fell short of expectations, totaling $215.2 million compared to the projected $218.75 million, marking a 1.62% shortfall. These financial results have drawn attention from investors and analysts alike. Despite the disappointing earnings report, there have been no recent updates regarding any mergers or acquisitions involving 1-800-Flowers.com. Analyst firms have not provided any new upgrades or downgrades for the company’s stock following the earnings announcement. These developments reflect the latest performance and market position of 1-800-Flowers.com.
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