FTD Group Inc., a florist network and Web site operator being acquired by United Online Inc., on Tuesday said Mother's Day orders increased 12 percent this year, and reiterated its fiscal 2008 guidance.
The company's domestic consumer segment experienced a 12 percent increase in orders during the 2008 Mother's Day season, defined as April 28 through May 11, when compared with last year's period, which was April 30 through May 13, 2007.
FTD still anticipates net income of $39 million, or $1.31 per share, on sales of about $645 million for the fiscal year ending June 30.
Analysts polled by Thomson Financial, on average, estimate sales of $644.5 million.
FTD's estimates include charges related to abandoned acquisition opportunities and other items and exclude any additional charges related to the pending United Online transaction, which may occur in the fourth quarter.
FTD lowered its profit outlook earlier this month from a previous estimate of $40 million, or $1.35 per share.
FTD shares rose 10 cents to close at $14.55. Shares slipped 15 cents to $14.40 in after-hours trading.
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