1-800-Flowers.com almost turns a profit
James McCann, chief executive of 1-800-Flowers.com, said in a news release Jan. 26, 2012, the company has seen revenue increase in all three units -- consumer floral, gift and wire service -- in its latest quarter. (Nov. 18, 2010) Credit: Bloomberg News, 2010
Carle Place-based 1-800-Flowers.com Inc. showed improved sales, and while its earnings performance improved markedly, the gift and flower retailer still had a loss, the company reported in its financial results for the quarter ended April 1.
1-800-Flowers lost $85,000 on net sales of $179 million, compared to a loss of $2.6 million on sales of $158.8 million in the quarter ending March 27, 2011. In terms of net income per share, the company essentially broke even for the current quarter, compared to a loss of 4 cents per share in the prior-year quarter. Company officials said its consumer floral division grew 12.6 percent.
Chief executive Jim McCann said, "The strong results in our fiscal third quarter -- including double-digit revenue growth across all three of our business segments -- illustrate the continued, positive trends we have been seeing in our business for more than a year now."
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