1-800-Flowers.com keeps steady net loss in Q1

Carle Place, N.Y. – 1-800-Flowers.com reported a net loss of about $4.5 million during the first quarter of fiscal 2014, essentially unchanged from the prior year. Revenues grew 2.9% to $123 million, from $119.6 million.



1-800-Flowers said the revenue growth for the quarter, the company’s smallest due to the lack of gifting holidays during the summer months, was driven by its gourmet food and gift baskets division and its BloomNet wire service business. This growth more than offset slightly lower revenues in the company’s consumer floral segment during the quarter.



“The revenue growth we achieved in our first quarter reflected a number of factors that we believe bode well for the current fiscal second quarter, which includes the key holiday season, and our full fiscal year,” said Jim McCann, CEO of 1-800-Flowers.com. “In particular, we saw a continuation of the rebound in our mass market gift baskets business with both increased order volumes and an expanding customer base.”