Harry and David: From my interview this morning….

February 16, 2011

This morning, I was a guest on Bill  Meyer’s radio talk show.  The topic?  Harry and David and the problems facing the company.  You can download the podcast here.

Bill asked some interesting questions, some of which I’ll be addressing in future posts; e.g., why would a distressed company prefer to avoid bankruptcy when in bankruptcy they can shed leases and have other protection? How can you have higher profits with lower revenues?

In the meantime:  During the show, I promised to post some key financial  statistics for Harry and David from 2006 through 2010.  (Their fiscal year-end is approximately the end of June.)  Here they are:

Year Revenue Net Income
2006 $524,384,000 ($9,713,000)
2007 $561,017,000 $32,001,000
2008 $545,064,000 $4,608,000
2009 $489,596,000 ($20,179,000)
2010 $426,774,000 ($39,228,000)

2 Responses to “Harry and David: From my interview this morning….”

  1. February 18, 2011

    Today Harry and David announced Kay Hong as interim CEO and Chief Restructuring officer. I saw that Kay is part of TMA, are you familiar with her at all and is that a good thing for them, if a bit late?

  2. February 20, 2011

    Good questions, David. In response, I just posted: Harry and David: Interim CEO.

Leave a Comment

Your email address will not be published. Required fields are marked *

By submitting this comment, I agree to the Terms and Conditions of the website.