Core Insights - 1-800-Flowers.com is experiencing a turnaround, with shares rising significantly after reporting higher-than-expected profits [1] - The company is focusing on efficiency and profitability by reducing marketing spend and restructuring its operations [2][5] Financial Performance - Revenue for the second quarter of fiscal 2026 decreased by 9.5% year over year to $702.2 million [2] - Adjusted net income increased by 11% to $76.7 million, or $1.20 per share, surpassing Wall Street estimates of $0.86 per share [7] Operational Changes - The company has shifted from an individual brand-based structure to a function-based operating model, leading to a reduction in workforce and operating expenses, which fell by $23.4 million to $221.1 million [5][6] - Management emphasizes that while top-line growth may take time, significant progress has been made in cost optimization and organizational streamlining [6]

French carmaker Renault is preparing to dissolve its electric vehicle and software arm Ampere Holding and absorb its activities into the wider group from 1 July. Reuters, citing its sources, reported that the move is aimed at streamlining the organisation, reducing costs, and accelerating the implementation of future projects. It would represent the second major shift under new CEO François Provost away from strategies pursued by his predecessor Luca de Meo, who departed last year to join luxury group K ...