Shares of 1-800-Flowers.com Inc. /zigman2/quotes/204552624/composite FLWS -2.73% sank 26% in Thursday trading after the gifts retailer reported a fiscal second-quarter profit that missed expectations and gave weak full-year guidance. Net income totaled $88.5 million, or $1.34 per share, down from $113.7 million, or $1.71 per share, last year. The FactSet consensus was for $1.79. Revenue totaled $943.0 million, up from $877.3 million and below the $978.1 million FactSet consensus. The company attributed the profit decline to "significant year-over-year cost increases for inbound and outbound shipping, labor, and digital marketing." The company says the higher costs "significantly exceeded our expectations during the quarter." Gross profit margin was 40.1%, down 530 basis points year-over-year. For fiscal 2022, 1-800-Flowers.com is guiding for revenue growth of 7% to 9% and EPS in the range of 90 cents to $1, with free cash flow down "significantly" in order to invest in inventory and growth plans and address headwinds. The FactSet consensus is for sales of $2.352 billion, implying 10.8% growth, and EPS of $1.83. Shares of 1-800-Flowers.com are down 57.1% over the last year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.01% has gained 17% for the period.