Profits are falling as the floral specialist gets squeezed by rising competitive pressures.
News & Analysis: FTD Companies
The floral giant warned of lower profits ahead as it works to get the business back on track.
Management isn't happy about the latest revenue trends even though cost cuts are boosting the bottom line.
The floral and gifting company received an analyst downgrade following two quarters of lackluster performance.
Cost cuts preserved profitability, but the gifting giant was still hurt by lower demand for its products.
The gifting specialist still sees a return to profitable growth ahead.
The gifting giant's results this year will be held back by an unusually weak Valentine's Day holiday.
With no major holidays to propel sales growth, the floral and gifting giant posted soft third-quarter earnings results.
The floral and gifting giant turned in a strong Q2 but a weaker outlook for the rest of the year.
The floral and gifting giant booked an 86% drop in earnings this quarter.