1-800-FLOWERS.COM Q3 Results Beat View; Lifts 2015 Earnings Outlook

(RTTNews) - 1-800-FLOWERS.COM Inc. (FLWS), a multi-channel retailer of gifts for all occasions, reported third-quarter net loss of $10.50 million or $0.16 per share, wider than net loss of $1.43 million or $0.02 per share in the year-ago period.

Excluding certain items, adjusted loss from continuing operations were $0.13 per share, compared to adjusted loss of $0.02 per share in the year-ago period. Excluding income attributable to Harry & David, adjusted earnings for the quarter were $0.01 per share, compared to adjusted loss of $0.02 per share last year.

On average, five analysts polled by Thomson Reuters expected the company to report loss of $0.19 per share for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly revenues rose 29 percent to $232.24 million from $179.59 million in the same period last year, reflecting the company's acquisition of Harry & David. Analysts expected the company to report revenues of $230.41 million.

Looking ahead to fiscal 2015, the company now forecasts adjusted earnings to exceed the high end of its previous guidance range of $0.45 to $0.50 per share, but affirmed its outlook for total net revenues from continuing operations in excess of $1.1 billion.

Street expects the company to report earnings of $0.47 per share for the year on revenues of $1.14 billion.

The company's guidance for fiscal 2015 includes anticipated benefits from the acquisition of the Harry & David business.