1800FLOWERSCOM reported QQ3 2024 revenue of $379.4 million, down 9.1% year over year as mix-shifting consumer behavior and softer wholesale/BloomNet contributions weighed on the top line. The company continued its margin recovery trajectory, delivering an adjusted EBITDA loss of $5.7 million, roughly in line with the prior year, as it benefits from Work Smarter initiatives and commodity cost reversion. Management reinforced its commitment to portfolio expansion and pricing discipline, highlighting strong AOV uplift and continued growth in bundled offerings across its family of brands. Cost actions, including a program to reduce full-time headcount, are projected to yield more than $10 million in annual savings, with severance of $2.4 million recognized in the quarter. The company reaffirmed full-year guidance, projecting a total revenue decline of 7-9%, adjusted EBITDA of $95-100 million, and free cash flow of $60-65 million. Net cash position remained solid, with cash approx. $184 million at quarter-end, and a net debt position reflective of largely fixed debt with a deriveable cash balance. In sum, FLWS is navigating a challenging macro backdrop with a clear multi-brand, multi-channel strategy focused on higher-margin bundles, enhanced same-day capabilities via BloomNet, and selective tuck-in acquisitions to bolster capabilities and customer engagement.