Interesting Results from 1800 Flowers in the US…
1-800-FLOWERS.COM, Inc. /quotes/comstock/15*!flws/quotes/nls/flws (FLWS 2.00, -0.42, -17.36%) , the world’s leading florist and gift shop, today reported results for its fiscal 2010 fourth quarter and full year. Total revenues from continuing operations were $667.7 for fiscal year 2010, representing a decline of 6.5 percent compared with revenues of $714.0 million in fiscal year 2009. Total revenues from continuing operations for the Company’s fiscal 2010 fourth quarter were $165.4 million, down 4.1 percent compared with $172.5 million in the prior year period. Gross profit margin for the year increased 40 basis points to 39.8 percent compared with 39.4 percent in the prior year. For the fiscal fourth quarter, gross profit margin declined 50 basis points to 38.1 percent compared with 38.6 percent in the prior year period.
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