Financial Reports: 1-800-Flowers, PC Connection

1-800-Flowers Cuts 3Q Loss

Westbury, NY-based 1-800-Flowers.com (Nasdaq: FLWS) posted net revenue of $95.2 million for the three months ended Sept. 28. That’s a 7% increase from $89.2 million for the comparable quarter of last year.

The increased revenue contributed to a 30% decline in the company’s net loss for the quarter. The parent company of the Plow & Hearth, Popcorn Factory, Magic Cabin Dolls, and HearthSong catalogs posted a net loss of $5.1 million, compared with a net loss of $7.3 million a year ago.

Special Charges Eat into PC Connection Profit
Third-quarter net sales at Merrimack, NH-based computer reseller PC Connection (Nasdaq: PCCC) increased 3%, to $349.4 million, from $341.0 million last year. Net income was flat for the quarter at $2.2 million. The company says that charges related to workforce reductions and other special charges reduced its earnings.

Net sales for the small- and midsize business segment increased 3%, to $179.6 million. Sales to government and education customers rose 8%, to $103.6 million. More specifically, sales to the federal government grew year-over-year by less than 1%. Sales to large corporate account customers decreased by 6%, to $66.3 million.

Partner Content

3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Build the Foundation for Great Customer Experiences - NetSuite
Understand how consistent, timely, relevant and personalized experiences are enabled by having the right technology foundation in place.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.