Long Island-Based 1-800-Flowers Takes a Fourth Quarter Loss

Summary


Carle Place-based 1-800-Flowers.com said on Thursday posted a loss in its fiscal fourth quarter on of a drop in consumer spending caused by the recession and losses from discontinued operations.

The florist and gift retailer reported a loss of $22.2 million, or 35 cents per share, for the quarter ended June 30, compared with income of $4.3 million, or 7 cents per share, in the same quarter last year.

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Long Island-Based 1-800-Flowers Takes a Fourth Quarter Loss

During the quarter, the company discontinued its...

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