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1-800-FLOWERS.COM, Inc. Reports Results for Its Fiscal 2017 First Quarter

Net loss was $15.8 million, or $0.24 per share, compared with a net loss of $4.5 million, or $0.07 per share, in the prior year period. It is important to note that the net loss attributable to 1-800-FLOWERS.COM, Inc. and EPS for the prior year period include an after-tax benefit of $9.8 million reflecting the final settlement of the Company’s insurance claims related to the Fannie May warehouse and distribution center fire that occurred on Thanksgiving Day, 2014, partially offset by costs associated with the write down of certain foreign business assets and integration costs during the quarter. On a comparable basis, net loss attributable to 1-800-FLOWERS.COM, Inc. in the prior year period was $14.3 million, or $0.22 per share.

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