Company Increases Full-Year 2019 Cost Savings
Reiterates Profit Outlook for Full-Year 2018
DOWNERS GROVE, Ill., Oct. 01, 2018 (GLOBE NEWSWIRE) — FTD Companies, Inc. (Nasdaq: FTD) (FTD or the Company), a premier floral and gifting company, today announced an expansion of its corporate restructuring and cost savings plan initiatives. The Company has identified incremental cost savings opportunities and now expects to generate approximately $32 million to $37 million in cost savings in 2019. Previously, FTD had announced expectations of approximately $18 million to $23 million in 2019 cost savings.
Scott Levin, FTDs Interim President and Chief Executive Officer, commented, Our team continues to work diligently on our corporate re…
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