1-800-Flowers.com Says 2020 Looks Like Everything’s Coming Up Roses
1-800-Flowers.com (NASDAQ: FLWS) says its outlook for the rest of the fiscal year is rosy indeed.
The florist said consumer demand began budding in March as the COVID-19 outbreak began, and now it expects full-year earnings to blossom into a 75% to 85% gain over last year, compared to its previous guidance that profits would only grow 15% to 17%. Analysts had forecast earnings of $0.62 per share for the fiscal year, which is an implied 19% growth rate.
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Source Fool.com