1-800-FLOWERS.COM shares surge 10.89% premarket after fiscal Q2 adjusted EPS of $1.20 beats estimates and cost-cutting drives profitability.

1-800-FLOWERS.COM surged 10.89% in premarket trading following its fiscal Q2 2026 earnings report, which highlighted stronger-than-expected adjusted earnings of $1.20 per diluted share (vs. $0.86 estimated) and a 9.5% revenue decline to $702.2 million. The company attributed the revenue drop to a strategic shift to improve marketing effectiveness and profitability, while cost-cutting measures reduced operating expenses by $23.4 million. Management emphasized progress in organizational streamlining and cost optimization, with adjusted EBITDA of $98.1 million, though slightly below the prior year’s $116.3 million. The stock’s rally reflects investor optimism over earnings outperformance and operational efficiency, despite a cautious outlook for the second half of fiscal 2026.