TickerStat.com1-800-FLOWERS explores financing options as adjusted earnings weaken
1-800-FLOWERS ($FLWS) reported annual revenue of approximately $1.50 billion, down 10.8%, while adjusted EBITDA fell to $2.9 million from $29.2 million. The reported net loss narrowed to $134.8 million from roughly $200 million, but lower impairment charges explain much of that comparison. Its adjusted net loss actually widened to $77.5 million from $52.5 million. The company amended its credit agreement to extend covenant relief and is evaluating financing and strategic alternatives, including
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