{"id":483949,"date":"2021-04-29T06:48:16","date_gmt":"2021-04-29T10:48:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/1-800-flowers-com-inc-board-increases-stock-repurchase-program-to-40-million\/"},"modified":"2021-04-29T06:48:16","modified_gmt":"2021-04-29T10:48:16","slug":"1-800-flowers-com-inc-board-increases-stock-repurchase-program-to-40-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/1-800-flowers-com-inc-board-increases-stock-repurchase-program-to-40-million\/","title":{"rendered":"1-800-FLOWERS.COM, Inc. Board Increases Stock Repurchase Program to $40 Million"},"content":{"rendered":"

<\/p>\n

1-800-FLOWERS.COM, Inc. Board Increases Stock Repurchase Program to $40 Million<\/b><\/p>\n

CARLE PLACE, N.Y.–(BUSINESS WIRE<\/a>)–
\n1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading e-commerce provider of products and services designed to inspire more human expression, connection, and celebration, today reported that it had received a new authorization from its Board of Directors increasing funds available for stock repurchase to $40 million. The new authorization replenishes and increases a previous $30 million authorization that had approximately $4 million remaining after the Company had returned approximately $26 million to shareholders by repurchasing shares over the past two years.\n<\/p>\n

\nChris McCann, CEO, 1-800-FLOWERS.COM, Inc., said, \u201cWe believe our stock is a very compelling investment and repurchasing our shares enables us to return additional value to our shareholders.\u201d\n<\/p>\n

About 1-800-FLOWERS.COM, Inc.<\/b><\/p>\n

\n1-800-FLOWERS.COM, Inc. is a leading provider of gifts designed to help customers express, connect, and celebrate<\/i>. The Company\u2019s ecommerce business platform features an all-star family of brands, including: 1-800-Flowers.com<\/a>\u00ae, 1-800-Baskets.com<\/a>\u00ae, Cheryl\u2019s Cookies<\/a>\u00ae, Harry & David<\/a>\u00ae, PersonalizationMall.com<\/a>\u00ae, Shari\u2019s Berries<\/a>\u00ae, FruitBouquets.com<\/a>\u00ae, Moose Munch<\/a>\u00ae, The Popcorn Factory<\/a>\u00ae, Wolferman\u2019s Bakery<\/a>\u00ae, Stock Yards<\/a>\u00ae and Simply Chocolate<\/a>\u00ae. Through the Celebrations Passport<\/a>\u00ae loyalty program, which provides members with free standard shipping and no service charge across our portfolio of brands, 1-800-FLOWERS.COM, Inc. strives to deepen relationships with customers. The Company also operates BloomNet<\/a>\u00ae, an international floral and gift industry service provider offering a broad-range of products and services designed to help members grow their businesses profitably; Napco<\/a>\u2120, a resource for floral gifts and seasonal d\u00e9cor; and DesignPac Gifts, LLC, a manufacturer of gift baskets and towers. 1-800-FLOWERS.COM, Inc. was named to the Forbes 2021 Best Small Companies List. Shares in 1-800-FLOWERS.COM, Inc. are traded on the NASDAQ Global Select Market, ticker symbol: FLWS. For more information, visit 1800flowersinc.com<\/a> or follow @1800FLOWERSInc<\/a> on Twitter.\n<\/p>\n

Special Note Regarding Forward Looking Statements<\/span>:<\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company\u2019s current expectations or beliefs concerning future events and can generally be identified using statements that include words such as \u201cestimate,\u201d \u201cexpects,\u201d \u201cproject,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cforesee,\u201d \u201cforecast,\u201d \u201clikely,\u201d \u201cwill,\u201d \u201ctarget\u201d or similar words or phrases. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company\u2019s control which could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, but not limited to, statements regarding the Company\u2019s plans to repurchase its shares in the open market, the impact of the COVID-19 pandemic on the Company; its ability to leverage its operating platform and reduce operating expense ratio; its ability to successfully integrate acquired businesses and assets; its ability to cost effectively acquire and retain customers; the outcome of contingencies, including legal proceedings in the normal course of business; its ability to compete against existing and new competitors; its ability to manage expenses associated with sales and marketing and necessary general and administrative and technology investments; its ability to reduce promotional activities and achieve more efficient marketing programs; and general consumer sentiment and economic conditions that may affect levels of discretionary customer purchases of the Company\u2019s products. The Company undertakes no obligation to publicly update any of the forward-looking statements, whether because of new information, future events or otherwise, made in this release or in any of its SEC filings. Consequently, you should not consider any such list to be a complete set of all potential risks and uncertainties. For a more detailed description of these and other risk factors, refer to the Company\u2019s SEC filings, including the Company\u2019s Annual Reports on Form 10-K and its Quarterly Reports on Form 10-Q.\n<\/p>\n

FLWS-CP<\/b><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210429005078\/en\/<\/a><\/span><\/p>\n

Investor Contact<\/span>:
\n
Joseph D. Pititto
\n
(516) 237-6131
\n
invest@1800flowers.com<\/a><\/p>\n

Media Contact<\/span>:
\n
Kathleen Waugh
\n
(516) 237-6028
\n
kwaugh@1800flowers.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Men Retail Family Consumer Online Retail Luxury Catalog Teens Wine & Spirits Specialty Women Seniors Food\/Beverage Pets<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

1-800-FLOWERS.COM, Inc. Board Increases Stock Repurchase Program to $40 Million CARLE PLACE, N.Y.–(BUSINESS WIRE)– 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading e-commerce provider of products and services designed to inspire more human expression, connection, and celebration, today reported that it had received a new authorization from its Board of Directors increasing funds available for stock repurchase to $40 million. The new authorization replenishes and increases a previous $30 million authorization that had approximately $4 million remaining after the Company had returned approximately $26 million to shareholders by repurchasing shares over the past two years. Chris McCann, CEO, 1-800-FLOWERS.COM, Inc., said, \u201cWe believe our stock is a very compelling investment and repurchasing our shares enables us to return additional value to our … <\/p>\n

Continue reading “1-800-FLOWERS.COM, Inc. Board Increases Stock Repurchase Program to $40 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-483949","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n1-800-FLOWERS.COM, Inc. Board Increases Stock Repurchase Program to $40 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/1-800-flowers-com-inc-board-increases-stock-repurchase-program-to-40-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1-800-FLOWERS.COM, Inc. 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Chris McCann, CEO, 1-800-FLOWERS.COM, Inc., said, \u201cWe believe our stock is a very compelling investment and repurchasing our shares enables us to return additional value to our … Continue reading "1-800-FLOWERS.COM, Inc. 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