1-800-FLOWERS.COM, formerly known as 800-FLOWERS, had $92.2 million in total net revenue for fourth-quarter 1999, an increase of 24% over the $74.4 million in the comparable quarter a year ago. Total net revenue for the year was $295.9 million, a 34.1% increase compared with revenue of $220.6 million a year ago.
Net income for the fourth quarter was $500,000, compared with $2.7 million the same period a year ago. For the year, the company had a net loss of $6.8 million compared with net income of $5.1 million in fiscal 1998, reflecting an investment in marketing & sales and technology & development. The revenue increase reflects the full-year contribution of Plow & Hearth, a cataloger of home and garden products, which the company acquired in April 1998.
The fiscal fourth quarter and year ended June 27, 1999.
For the year, telephonic revenues increased 26.0% to $203.9 million from $161.9 million. Online revenue increased 97.7% to $52.9 million from $26.7 million while retail/fulfillment revenue increased 22.3% to $39.1 million from $32.0 million in the same period last year.
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