1-800-FLOWERS.COM Reports Profit In Q4 - Quick Facts

(RTTNews) - 1-800-FLOWERS.COM Inc. (FLWS), a multi-channel retailer of gifts for all occasions, Thursday posted profit for the fourth quarter compared with a loss last year. Revenue grew by 8.3 percent year-over-year, primarily due to the shift of Easter holiday into the fourth quarter.

Net income attributable to company was $3.4 million or $0.05 per share, as against a loss of $1.7 million or $0.03 per share in the prior year period.

Total income from continuing operations rose to $3.1 million or $0.05 per share from $538 thousand or $0.01 per share last year.

On average, five analysts polled by Thomson Reuters expected the company to report $0.05 per share for the quarter. Analysts' estimates typically exclude one-time items.

Revenues rose to $187.4 million from $173.0 million a year ago, helped by significant growth in the company's BloomNet wire service business and Gourmet Food and Gift Baskets e-commerce channels. Analysts expected the company to report revenues of $194.08 million for the quarter.

Looking ahead, the company expects annual consolidated revenue growth to be in the mid-single-digit range and expects to grow EBITDA and EPS at rates in excess of expected revenue growth.

Further, the company noted that its planned acquisition of Harry & David Holdings, Inc., which is expected to close coming October would significantly enhance its fiscal 2015 results.