CARLE PLACE, N.Y. (AFX) - Florist and gift retailer 1-800-Flowers.com Inc. said Wednesday its fiscal second-quarter earnings jumped 64 percent, helped by sales of its gourmet food and gift baskets.
Net income for the quarter ended Dec. 31 totaled $16.9 million, or 26 cents per share, up from $10.3 million, or 16 cents per share, during the same period last year. Excluding stock-based compensation costs, profit totaled $17.6 million, or 27 cents per share, in the latest quarter.
Revenue grew 19 percent to $329.9 million from $152.8 million last year, helped by growth in the company's consumer floral, BloomNet Wires Service and gourmet food and gift basket categories. Sales in the company's home and children's gifts category declined.
Analysts polled by Thomson Financial expected net income of 25 cents per share on higher revenue of $336.8 million.
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