FTD Companies (NASDAQ:FTD) reports 4Q17 Loss Widen; Misses Street View

FTD Companies (NASDAQ:FTD) headquartered in Downers Grove, Illinois, announced net loss for the fourth quarter of $ 153.46 million or $ 5.57 per share, compared to loss $ 86.45 million or $ 3.17 per share for the year-ago quarter.

Analysts from Thomson Reuters expected loss of $ 2.33 per share.

Top line figures for the fourth quarter decreased to $ 278.09 million from $ 280.67 million in the same quarter last year, where as analysts anticipated $ 274.84 million.

John C. Walden, President and CEO, commented, we ended the year with financial results in-line with our previously stated expectations. Our team is making significant progress on the key tenets of our multi-year strategic plan, announced in January 2018, which aims to rebuild FTD’s winning customer brands, recreate a network of strong florist partners, gain supply chain efficiencies and extend our business in complementary non-floral categories.

FTD Companies is a premier floral and gifting company. Through our diversified family of brands, we provide floral, specialty foods, gifts and related products to consumers primarily in the United States and the United Kingdom.

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