                                                                    Exhibit 99.1


             Reports Revenue Growth of 14.6 Percent To $180 Million
                       for Its Fiscal 2006 Third Quarter;
          GAAP Net Loss Improved 25% to $1.5 Million or $0.02 Per Share

    CARLE PLACE, N.Y.--(BUSINESS WIRE)--April 27,
2006--1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS):

    --  Pro forma net loss, excluding the effect of stock-based
        compensation, improved 60%, or $1.2 million, to $821,000 or
        $0.01 per share

    --  Online revenues grew 20.3 percent to $110.3 million;
        telephonic revenues declined 1.7 percent to $51.5 million

    --  Gross Profit Margin percentage increased 140 basis points to
        39 percent

    1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), a leading florist and
multi-channel retailer of thoughtful gifts for all occasions, today
reported record revenues of $180.0 million for its fiscal 2006 third
quarter ended April 2, 2006, representing an increase of 14.6 percent,
or $23.0 million, compared with revenues of $157.0 million in the
prior year period. Online revenues increased 20.3 percent to $110.3
million compared with $91.6 million in the third quarter of fiscal
2005. Telephonic revenues declined 1.7 percent to $51.5 million
compared with $52.4 million in the prior year period reflecting the
continued migration of customers to the Company's online channels.
    During the quarter, the Company's gross profit margin increased
140 basis points to 39 percent compared with 37.6 percent in the third
quarter a year ago. The Company attributed the improvement in gross
profit margin primarily to a combination of product mix, pricing
initiatives and continued focus on effective marketing programs. The
Company said that during the third quarter, its expanded marketing
efforts enabled it to attract 824,000 new customers with 73 percent,
or more than 600,000, coming online. This was achieved while
concurrently stimulating repeat orders from existing customers who
represented approximately 58 percent of total revenues, consistent
with the prior year period.
    As a result of the strong revenue growth and increased gross
profit margin, the Company's pro forma net loss for the quarter
(excluding the effect of stock-based compensation) improved 60%, or
$1.2 million, to ($821,000) or ($0.01) per share, compared with a loss
of $2.0 million, or $0.03 per share in the prior year period. GAAP net
loss for the quarter improved 25 percent to ($1.5) million or ($0.02)
per share compared with the prior year period.
    Jim McCann, CEO of 1-800-FLOWERS.COM, said, "Our third quarter
results showed a continuation of the positive trends in our business,
including double-digit revenue growth - driven by our expanded
marketing programs both on- and off-line, and an improvement in gross
profit margin. It is noteworthy that our strong revenue growth of
almost 15 percent was achieved despite the impact of several factors
including the shift of the Easter holiday from the third quarter,
where it fell last year, into our fiscal fourth quarter this year."
    McCann said the Company's floral gift category accounted for
approximately 65 percent of total sales during the quarter. "Despite
the highly competitive nature of the Valentine holiday, during the
quarter we achieved 12 percent revenue growth in our floral gift
category. This growth, off of the largest base of business in the
category, enabled us to further extend our market leadership position.
In addition, we further grew our Bloomnet florist business, expanding
our membership base and introducing new products and services designed
to enhance our florist members' growth and profitability."
    McCann also noted that the Company saw continued double-digit
revenue growth in its Food, Wine and Gift Basket category. During the
quarter the Company announced the signing of a definitive agreement to
acquire Fannie May Confections Brands, a multi-channel retailer and
manufacturer of chocolate and other confections under the well-known
Fannie May, Harry London and Fanny Farmer brands. The acquisition is
expected to close on, or about, May 1, 2006. "We are rapidly becoming
a leader in the gourmet gift category through the success of our
organic growth initiatives and key acquisitions. With the addition of
the these great confection brands, combined with the great gourmet
gifts we sell under the 1-800-FLOWERS.COM brand as well as bakery
gifts from Cheryl&Co., popcorn from The Popcorn Factory, wine gifts
from Ambrosia and The WineTasting Network and gift baskets from our
new 1-800Baskets.com site, we expect annual revenues in this category
will exceed $200 million during fiscal 2007," said McCann.

    Company Guidance:

    The Company reiterated its revenue growth guidance of 14-to-16
percent for fiscal 2006 compared with the prior year. In terms of
bottom-line results for the full fiscal year, excluding the financial
impact associated with the anticipated acquisition of Fannie May
Confection Brands, the Company said it expects to achieve pro forma
earnings growth (excluding the effect of stock-based compensation) of
approximately 40 percent compared with fiscal 2005.
    Regarding its current fiscal fourth quarter, which includes the
key Mother's Day holiday; the Company expects the period will
represent approximately 26-to-28 percent of full-year revenues. The
Company expects the financial impact of the anticipated acquisition of
Fannie May Confections Brands, including operating losses associated
with the seasonality of its business, and interest expense associated
with the debt financing the Company will use for the acquisition, will
reduce earnings by approximately $0.02-$0.03 per share for the fourth
quarter. The Company said it expects the acquisition will be accretive
to earnings per share in Fiscal 2007.
    In this press release, to supplement the Company's financial
statements in accordance with GAAP, the Company presents pro forma net
loss (net loss before stock-based compensation expense), a non-GAAP
measure. The Company believes that the inclusion of pro forma net loss
provides consistency in the Company's financial reporting and enhances
the comparability of results with prior-period results that did not
include FAS 123(R) stock-based compensation. This measure should be
considered in addition to the Company's results prepared in accordance
with GAAP, but should not be considered a substitute for, or superior
to, GAAP results. A reconciliation of pro forma net loss to GAAP net
loss can be found in the table on page 5 of this release under the
heading "Reconciliation of Net (Loss) Income Before Stock-Based
Compensation Expense to GAAP Net (Loss) Income."

    About 1-800-FLOWERS.COM(R)

    For more than 30 years, 1-800-FLOWERS.COM Inc. - "Your Florist of
Choice(sm)" - has been providing customers around the world with the
freshest flowers and finest selection of plants, gift baskets, gourmet
foods and confections, and plush stuffed animals perfect for every
occasion.
    1-800-FLOWERS.COM(R) offers the best of both worlds: exquisite,
florist-designed arrangements individually created by some of the
nation's top floral artists and hand-delivered the same day, and
spectacular flowers shipped from our growers to your door fresh.
Customers can shop 1-800-FLOWERS.COM 24 hours a day, 7 days a week via
the phone or Internet(1-800-356-9377 or www.1800flowers.com) or by
visiting a Company-operated or franchised store. Sales and Service
Specialists are available 24/7, and fast and reliable delivery is
offered same day, any day. As always, 100 percent satisfaction and
freshness is guaranteed. The 1-800-FLOWERS.COM collection of brands
also includes home decor and garden merchandise from Plow & Hearth(R)
(1-800-627-1712 or www.plowandhearth.com); premium popcorn and
specialty treats from The Popcorn Factory(R) (1-800-541-2676 or
www.thepopcornfactory.com); exceptional cookies and baked gifts from
Cheryl&Co.(R) (1-800-443-8124 or wwwcherylandco.com); gourmet foods
from GreatFood.com(R) (www.greatfood.com); children's gifts from
HearthSong(R) (www.hearthsong.com) and Magic Cabin(R)
(www.magiccabin.com) and wine gifts from the WineTasting Network(R)
(www.ambrosiawine.com and www.winetasting.com). 1-800-FLOWERS.COM,
Inc. stock is traded on the NASDAQ market under ticker symbol FLWS.

    Special Note Regarding Forward-Looking Statements:

    A number of statements contained in this press release, other than
statements of historical fact, are forward-looking within the meaning
of the Private Securities Litigation Reform Act of 1995. These
statements involve risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in the
applicable statements. These risks and uncertainties include, but are
not limited to: the Company's ability to achieve solid, sustainable
revenue growth; its ability to maintain and enhance its online
shopping web sites to attract customers; its ability to successfully
introduce new products and product categories; its ability to close on
and successfully integrate its proposed acquisition of Fannie May
Confections Brands, Inc.; its ability to grow its Food, Wine and Gift
Basket revenues to more than $200 million in fiscal 2007; its ability
to cost effectively acquire and retain customers; its ability to
compete against existing and new competitors; its ability to manage
expenses associated with necessary general and administrative and
technology investments; its ability to cost efficiently manage
inventories; its ability to improve its gross profit margin; its
ability to successfully integrate and grow its acquired companies; its
ability to grow its revenues and leverage its operating infrastructure
to enhance profitability; its ability to achieve its stated guidance
for its fiscal 2006 fourth quarter and full year, and general consumer
sentiment and economic conditions that may affect levels of
discretionary customer purchases of the Company's products. For a more
detailed description of these and other risk factors, please refer to
the Company's SEC filings including the Company's Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q. The Company expressly
disclaims any intent or obligation to update any of the forward
looking statements made in this release or in any of its SEC filings
except as may be otherwise stated by the Company.




               1-800-FLOWERS.COM, Inc. and Subsidiaries
                 Condensed Consolidated Balance Sheets
                            (In thousands)

                                              April 2,       July 3,
                                                2006          2005
                                            ------------- ------------
                                             (unaudited)
Assets
Current assets:
     Cash and equivalents                        $18,583      $39,961
     Short-term investments                            -        6,647
     Receivables, net                             13,095       10,619
     Inventories                                  43,297       28,675
     Deferred income taxes                         8,236       10,219
     Prepaid and other                             7,043        5,289
                                            ------------- ------------
     Total current assets                         90,254      101,410

Property, plant and equipment, net                55,851       50,474
Goodwill                                          69,885       63,219
Other intangibles, net                            14,352       14,215
Deferred income taxes                             15,796       17,161
Other assets                                       8,182        5,473
                                            ------------- ------------
    Total assets                                $254,320     $251,952
                                            ============= ============

Liabilities and stockholders' equity
Current liabilities:
     Accounts payable and accrued expenses       $55,883      $57,121
     Current maturities of long-term debt
      and obligations under capital leases         2,050        2,597
                                            ------------- ------------
     Total current liabilities                    57,933       59,718

Long-term debt and obligations under
 capital leases                                    1,939        3,347
Other liabilities                                  3,889        2,553
                                            ------------- ------------
     Total liabilities                            63,761       65,618
Total stockholders' equity                       190,559      186,334
                                            ------------- ------------
Total liabilities and stockholders' equity      $254,320     $251,952
                                            ============= ============


               1-800-FLOWERS.COM, Inc. and Subsidiaries
                    Selected Financial Information
             Consolidated Statements of Income (Unaudited)
               (In thousands, except for per share data)


                            Three Months Ended     Nine Months Ended
                           --------------------- ---------------------
                            April 2,   March 27,   April 2,  March 27,
                              2006       2005       2006       2005
                           ---------- ---------- ---------- ----------

Net revenues:
 Online                    $110,278     $91,638   $305,913   $252,410
 Telephonic                  51,542      52,424    215,046    199,580
 Retail/fulfillment          18,197      12,971     49,652     32,571
                           ---------- ---------- ---------- ----------

     Total net revenues     180,017     157,033    570,611    484,561

Cost of revenues            109,743      97,947    329,319    283,291
                           ---------- ---------- ---------- ----------

Gross profit                 70,274      59,086    241,292    201,270

Operating expenses:
 Marketing and sales         53,188      45,813    179,286    148,546
 Technology and
  development                 5,170       4,160     14,736     10,556
 General and
  administrative             11,181       9,864     32,174     25,420
 Depreciation and
  amortization                3,877       3,350     11,210     11,016
                           ---------- ---------- ---------- ----------

     Total operating
      expenses               73,416      63,187    237,406    195,538
                           ---------- ---------- ---------- ----------

Operating (loss) income      (3,142)     (4,101)     3,886      5,732

Other income (expense):
   Interest income              474         570        830      1,227
   Interest expense             (96)       (116)      (293)      (381)
   Other                        137          55          0         80
                           ---------- ---------- ---------- ----------

Total other income, net         515         509        537        926
                           ---------- ---------- ---------- ----------

(Loss) income before
 income taxes                (2,627)     (3,592)     4,423      6,658
Income taxes (benefit)       (1,087)     (1,546)     2,253      2,710
                           ---------- ---------- ---------- ----------

Net (loss) income           ($1,540)    ($2,046)    $2,170     $3,948
                           ========== ========== ========== ==========

Basic and diluted net
 (loss) income per
 common share                ($0.02)     ($0.03)     $0.03      $0.06
                           ========== ========== ========== ==========
Weighted average shares
 used in the calculation
 of net (loss) income
 per common share:
          Basic              65,092      66,102     65,082     66,124
                           ========== ========== ========== ==========
          Diluted            65,092      66,102     66,399     67,565
                           ========== ========== ========== ==========

Reconciliation of Net (Loss) Income before Stock-Based Compensation
Expense to GAAP Net (Loss) Income:


Net (loss) income            ($1,540)   ($2,046)    $2,170     $3,948
Add: Share based
 compensation expense            719          -      2,265          -
                           ---------- ---------- ---------- ----------
Net (loss) income before
 share based compensation
 expense                       ($821)   ($2,046)    $4,435     $3,948
                           ========== ========== ========== ==========

Basic and diluted net
 (loss) income per common
 share before share based
 compensation expense         ($0.01)    ($0.03)    $ 0.07      $0.06
                           ========== ========== ========== ==========


               1-800-FLOWERS.COM, Inc. and Subsidiaries
                    Selected Financial Information
                 Consolidated Statements of Cash Flows
                            (In thousands)
                              (unaudited)

                                                   Nine Months Ended
                                                 ---------------------
                                                  April 2,   March 27,
                                                    2006       2005
                                                 ---------- ----------
Operating activities:
Net Income                                          $2,170     $3,948
Reconciliation of net income to net cash
 provided by operations:
 Depreciation and amortization                      11,210     11,016
 Deferred income taxes                               1,983      2,710
 Bad debt expense                                      361        249
 Stock based compensation                            3,058        101
 Other non-cash items                                  277          -
     Receivables                                    (2,216)    (3,785)
     Inventories                                   (12,520)    (8,703)
     Prepaid and other                                (751)    (1,765)
     Accounts payable and accrued expenses          (3,835)     1,765
     Other assets                                   (2,844)     1,840
     Other liabilities                               1,336         44
                                                 ---------- ----------

 Net cash (used in) provided by operating
  activities                                        (1,771)     7,420

Investing activities:
Purchase of investments                                  -    (84,593)
Sale of investments                                  6,647     89,259
Acquisition of business                             (4,959)    (9,674)
Capital expenditures, net of non-cash
 expenditures                                      (17,045)    (8,106)
Other                                                  (63)       143
                                                 ---------- ----------

 Net cash used in investing activities             (15,420)   (12,971)
Financing activities:
Acquisition of treasury stock                       (1,324)    (2,175)
Proceeds from employee stock options/purchase
 plan                                                  321        754
Proceeds from revolving line of credit              20,000          -
Repayment of notes payable, bank borrowings
 and revolving line of credit                      (22,147)      (967)
Payment of capital lease obligations                (1,037)    (1,284)
                                                 ---------- ----------

 Net cash used in financing activities              (4,187)    (3,672)
                                                 ---------- ----------

Net change in cash and equivalents                 (21,378)    (9,223)
Cash and equivalents:
 Beginning of period                                39,961     80,824
                                                 ---------- ----------

 End of period                                     $18,583    $71,601
                                                 ========== ==========



    CONTACT: 1-800-FLOWERS.COM, Inc.
             Investors:
             Joseph D. Pititto, 516-237-6131
             invest@1800flowers.com
             or
             Media:
             Steven Jarmon, 516-237-4675
             sjarmon@1800flowers.com

