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Harry & David parent company reports record revenue growth

1-800-FLOWERS.COM, Inc. issued its fiscal 2021 third quarter financial results this morning. It reported total revenues increasing 70.1 percent for another record quarter for the company.

Posted: Apr 29, 2021 10:32 AM

MEDFORD, Ore. — The parent company of Medford-based Harry & David reported Thursday that its revenues increased 82.7 percent in the company’s gourmet foods and gift baskets division for its most recent business quarter.

1-800-FLOWERS.COM, Inc. issued its fiscal 2021 third quarter financial results this morning. It reported total revenues increasing 70.1 percent for another record quarter for the company.

It says its revenues reflect strong ecommerce growth it expects to continue into its next fiscal quarter, tracking to achieve more than $2 billion in revenue for its 2021 fiscal year.

1-800-FLOWERS.COM says the 70.1 percent revenue increase translates to $474.2 million. It says it has gained millions of new customer while increasing purchase frequency of existing customers, and it has more than one million members in the company’s Celebrations Passport® loyalty program.

“We enter the fiscal fourth quarter with continued strong momentum, and we expect double digit topline growth for the quarter despite the steep change in ecommerce growth which began in the prior year fourth quarter that we are now comparing against," said Chris McCann, CEO of 1-800-FLOWERS.COM, Inc. "That will put us on track to achieve over $2-billion of revenue in our current fiscal year. Based on our expectations for the fourth quarter, combined with what we see going forward, we anticipate driving double-digit growth in our next fiscal year.”

By divisions, the Company reports for its FY 2021 third quarter Gourmet Foods and Gift Baskets revenue increased 82.7 percent to $175.2 million, Consumer Floral and Gifts revenue increased 70.6 percent to $260.4 million, and BloomNet revenue increased 27.7 percent to $38.8 million.

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