1-800-Flowers Cuts 2008 Revenue Guidance

The company continues to expect earnings per share growth of 30 percent to 35 percent from last year's earnings of 26 cents per share, implying profit of 34 cents to 35 cents per share.

However, the company lowered its revenue guidance amid a "challenging consumer economy." It now expects revenue to rise 2 percent to 4 percent from $912.6 million last year, from previous guidance in October of a 7 percent to 9 percent rise.

The new estimate implies revenue of $930.9 million to $949.1 million.

Analysts polled by Thomson Financial expect a profit of 34 cents per share on revenue of $975.8 million.

The current third quarter, which includes Valentine's Day and Easter, will represent 23 percent to 25 percent of full-year revenue, the company said.

Shares of 1-800-Flowers rose 54 cents, or 7.6 percent, in premarket trading.