"Based on a weakening consumer environment, we reduced our revenue gross expectations for a range from 2 to 4 percent for the full year," states Joseph D. Pititto, vice president of investor relations for 1-800-Flowers.

The new estimate suggests revenue of $930.9 million to $949.1 million. Valentine's Day and Easter are included in the current third quarter and typically represent 23 percent to 25 percent of the company's full-year revenue.