CDW Computer Nets Single-Digit Gains
Computer reseller CDW Computer Centers (Nasdaq: CDWC) increased its annual net income 4% and grew its net sales 3%. For the year ended Dec. 31, CDW posted net income of $168.7 million on $3.96 billion in revenue. In 2000, the Vernon Hills, IL-based company had netted $162.3 million on sales of $3.84 billion. Net sales for the fourth quarter dipped 2%, to $988 million from $1.0 billion the previous year.
Annual Sales Down but Bottom Line Healthier for PC Mall Annual revenue for PC Mall (Nasdaq: MALL) fell 12% last year, but the computer cataloger still rung out 2001 on a positive note. Having lost $8.6 million in 2000, it reported net income of $4.5 million for the year ended Dec. 31, 2001. Sales for 2001 were $718.1 million, compared with $818.6 in 2000. The Torrance, CA-based reseller blamed the sales decline on the impact of the Sept. 11 tragedy, the discontinuation of aggressive advertising campaigns for its eCOST.com Website, and the general economic malaise.
1-800-Flowers.com 2Q Sales, Earnings Climb Multichannel gifts marketer 1-800-Flowers.com (NASDAQ: FLWS) reaped sales of $162.3 million for its fiscal second quarter, ended Dec. 30. That’s a 21% rise from $134.2 million for the previous second quarter. More impressive, the Westbury, NY-based company posted net income of $1.8 million, a significant turnaround from the $10.5 million loss it reported a year earlier.
Combined online and “telephonic” revenue (the latter from its print catalogs, which include Plow & Hearth, HearthSong, and Magic Cabin Dolls) increased more than 21%, to $154.0 million from $126.9 million. Online sales grew 27%, to $60.5 million, or 37.3% of total net revenue. For the previous second quarter, online sales were $47.7 million, or 35.5% of total revenue. Telephonic revenue increased 18%, to $93.6 million from $79.2 million.
Looking ahead, 1-800 Flowers anticipates 11%-13% revenue growth for its fiscal third quarter, to approximately $114 million-$116 million. The company also forecasts a net loss per share of approximately $0.02-$0.03. For the full fiscal year, ending June 30, it anticipates revenue growth of 13%-14 %, or approximately $500 million-$505 million in sales, with EBITDA of $9 million-$10 million.