1-800-FLOWERS.COM, Inc.
Company Name: 1-800-FLOWERS.COM, Inc.
Stock Market: NASDAQ (FLWS)
Industry Sector: Gift and Floral
Yearly Revenue: $219,813 (as of June 29, 2008)
Operating Income:$37,367
Net Income: $21,054
Total Assets: $371,338
Key People: James F. McCann (Chairman of the Board and Chief Executive Officer), Christopher G. McCann (Director and President), Gerard M. Gallagher (Senior Vice President of Business Affairs, General Counsel, and Corporate Secretary), Thomas G. Hartnett (Chief Operating Officer of Consumer Floral), Tim Hopkins (President of Madison Brands), Stephen J. Bozzo (Senior Vice President and Chief Information Officer), William E. Shea (Senior Vice President, Treasurer, and Chief Financial Officer), David Taiclet (Chief Executive Officer - Fannie May Confection Brands, Inc.)
Headquarters Address: One Old Country Road, Suite 500, Carle Place, NY 11514
Number of Employees: approximately 4,000 full- and part-time employees
Website Address: www.1800flowers.com
Company Overview
1-800-FLOWERS.COM, Inc. is currently the world’s foremost gift shop and florist. Over the course of 30 years, the company has continuously provided its clientele with the freshest flowers and best selection of gift baskets, gourmet foods, plants, confections, balloons and stuffed toys that are ideal for all occasions.
The company began its operations in 1976 with James F. McCann as its Chairman and Chief Executive Officer. It started as a single retail florist and later expanded to a 14-store chain. In order to accommodate the rapid demand of toll-free calling, the company modified its business approach. Once they attained the rights to use the toll-free 1-800-FLOWERS number, they embraced it as their business identity and began to establish a national brand.
1-800-FLOWERS.COM, Inc. takes pride in being one of the most well known brands in gift and floral industry. The influence of the brand is powerful enough to enable the company to go beyond its original product offerings, which included gourmet foods, popcorn, confections, candy, cookies, wine, children’s games and toys, and much more. With the increase in service and product offerings, customers have found that this is a company they can turn to when it’s time for a celebration. Over the years, 1-800-FLOWERS.COM, Inc. has built customer loyalty and continues to attract new customers.
The company ensures that the brand and its wide variety of products are high quality, and it offers a wide range of delivery options.
Current Financial Overview
1-800-FLOWERS.COM, Inc. has expanded its operations and has acquired different manufacturers and retailers for every product. Its "Gift Shop" includes gifts and The Popcorn Factory specialties; baked products and cookies from Cheryl & Co.; confections and premium chocolates made by Fannie May Confections Brands; high quality gifts by Greatfood.com; wine from Ambrosia; gift baskets by 1-800-BASKETS.COM along with DesignPac Gifts. The Gift Shop also retails Children's Gifts and Home décor by Plow & Hearth, HearthSong, Wind & Weather, and Magic Cabin.
The company achieved a working capital of $33.4 million in June 29, 2008, cash and equivalents of $12.1 million included. This compares to $51.4 working capital, including cash and equivalents of $16.1 million, as of July 1, 2007.
1-800-FLOWERS.COM, Inc.’s operating results may vary from one period to another for a number of reasons and factors, many of which are beyond management’s control. This could cause financial results lower than what is expected. These variables include seasonality, the retail economy, the effectiveness of marketing programs, the timing of the presentation of new products and services, and competition. Look out for the pull up banner stand at local corporate events.
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