1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Down 9% as Losses Widen


1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) is lower after the company reported financial results for Q3, or the quarter ended March 30, 2014, that fell short of analysts’ expectations, and provided guidance for fiscal 2014.

Shares are down 8.56% at $5.02 with a 52-week range of $4.53 – $7.17.

The company, which delivers fresh flowers and a selection of gift items reported a Q3 net loss from continuing operations attributable to FLWS of $1.4 million or $0.02 per share, compared with a gain of $3.1 million or $0.05 per share in the prior-year period. Analysts polled by Capital IQ were expecting a loss per share of $0.01. Revenue was $179.6 million, down 6.3% from $191.6 million in the same quarter last year. The Street view is for $184.45 million.

The company said that for fiscal 2014, it expects EPS to be flat to down slightly compared with the prior year’s EPS of $0.24, versus the consensus of $0.25 EPS. It expects to achieve revenue growth across all three of its business segments, with consolidated revenue growth in the low-to-mid-single-digit range.


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