1-800-Flowers.com Q4 Earnings Beat Estimates - Quick Facts

(RTTNews) - 1-800-Flowers.com Inc. (FLWS), a florist and gift retailer, Thursday reported net loss for the fourth quarter, reflecting the impact of shift of the Easter holiday. However, the company reported earnings from continuing operations, which beat the Street estimates. For the three-month period, the company reported net loss of $1.7 million or $0.03 per share, compared with net income of $1.8 million or $0.03 per share during the same quarter last year.

Earnings per share from the continuing operations were $0.01, compared with $0.03 during the corresponding quarter last year. On average, five analysts polled by Thomson Reuters expected the company to report breakeven earnings for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the quarter decreased to $172.9 million from $177.3 million last year. Adjusting for the shift of Easter holiday, revenues grew 1.4 percent $173 million. Analysts expected the company to report revenues of $182 million for the quarter.

Looking forward, the company said: "We will also continue to invest in key strategic areas that can provide long-term growth such as our Social and Mobile initiatives, our FruitBouquets.com and Cheryl's Cookie Cards lines, and our programs to accelerate BloomNet's market penetration."