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1-800-Flowers reports higher profits
1-800 Flowers, the florist and gift shop company based in Carle Place, reported Wednesday morning that it had higher profits but lower revenue for the quarter ending July 1.
The company said its quarterly profits were $1.46 million, or earnings of 2 cents per share. The figure is up considerably from a loss of $8,000 during the same period last year.
But the florist reported lower revenues of $179.6 million, down 1.4 percent from revenue of $182.2 million last year.
The company also raised its guidance for the next year, expecting revenue growth in all three of its business areas.
“Our fiscal 2013 guidance is based on the positive trends — both top and bottom-line — that we have seen in our business over the past two years, balanced by the continued uncertainty in the global economy,” said chief executive Jim McCann in a news release.