CEO of 1-800-FLOWERS details impact of inflation on company, consumers
Chris McCann predicts the company will experience a ‘strong Mother’s Day,’ despite inflation sitting at 40-year highs.
Chris McCann, President and CEO of 1-800-FLOWERS, discussed whether soaring inflation will impact his business this Mother's Day and beyond.
"What we are finding is that consumers are still recognizing those important dates… none more important than Mother’s Day," McCann told "Cavuto: Coast to Coast" on Wednesday.
"We’re expecting a good, strong Mother’s Day," he added, noting that "sales the last couple of holidays have been strong and we expect that to continue."
McCann added that the company offers a broad range of products and price points for customers.
|FLWS||1 800 FLOWERS COM||10.90||-0.23||-2.07%|
"We need to recognize that not everybody can afford to spend X amount on mom… so we have price points starting at $5, $10, $20," he told host Neil Cavuto.
"We want to make sure that everybody has the opportunity to give mom the recognition they deserve."