the company built upon this momentum , generating revenue growth of 8.3 % during the first nine months of fiscal 2020 , accompanied by growth in its customer files , reflecting the strength of its family of brands , its focus on technological innovation and product development , and most importantly , providing an exemplary customer experience . the company was able to leverage its business platform as this growth rate accelerated with the onset of the covid-19 pandemic , during which time we saw customers increasingly turn to our brands and product offerings to help them remain connected and express themselves during this difficult time . as a result , consolidated annual revenue grew 19.3 % , to approximately $ 1.5 billion during fiscal 2020 , while net income increased 69.7 % , to $ 59.0 million . adjusted ebitda , which excludes the impact of stock-based compensation , non-qualified plan investment appreciation/depreciation , the costs of closing our harry & david retail stores , and personalizationmall litigation and transaction costs , increased 57.8 % , to $ 129.5 million . covid-19 impact in response to the global pandemic , the company has taken actions to ensure employee safety and business continuity , informed by the guidelines set forth by local , state and federal government and health officials . these initiatives include developing a “ pandemic preparedness and response plan , ” establishing an internal “ nerve center ” to allow for communication and coordination throughout the business , designing workstream teams to promote workforce protection and supply chain management , and dedicating resources to support customers , vendors , franchisees , and our bloomnet member florists . the covid-19 pandemic has affected , and will continue to affect , our operations and financial results for the foreseeable future . while there is significant uncertainty in the overall consumer environment due to the covid-19 crisis , we are seeing strong e-commerce demand for gourmet foods and gift baskets and our floral products for holidays and every-day gifting occasions , as well as for self-consumption . entering the company 's fiscal fourth quarter , immediately following the onset of the pandemic , we saw significantly increased demand during the easter holiday period , through mother 's day , and then continuing with “ everyday ” volume through the end of the fiscal year . as we look past the end of fiscal 2020 , demand trends remain strong through the first quarter of fiscal 2021. with that said , there are headwinds ( and resulting increased costs ) that have been , and will continue to impact our operations during the foreseeable future , including the following : ● retail store closures – on march 20 , 2020 , in response to government actions , and for the safety of its employees , the company temporarily closed its cheryl 's and harry & david retail stores . affected employees were provided with company paid special covid leave pay through april 3rd , as the nation and the company worked to understand the extent and potential length of the crisis . on april 14th , the difficult decision was made to permanently close 38 of our 39 harry & david retail stores . as a result , the company incurred a charge of approximately $ 5.2 million in our fourth quarter for lease obligations , employee costs and other store closure costs . annual revenues attributable to the closed locations was approximately $ 33.0 million . ● wholesale volume reductions - we have seen a reduction in our wholesale business as a result of covid-19 , which impacted our fourth quarter results within our bloomnet and gourmet foods and gift baskets segments as these customers were forced to close during the pandemic , resulting in loss of revenues , as well as increased reserves on certain customer receivables . we anticipate that this reduction in wholesale volume will continue through the fiscal second quarter of fiscal 2021 , as many of our large wholesale customers are taking a cautious approach due to the uncertainty surrounding the future impact of covid-19 on the overall consumer economy , and store based retail sales in particular . ● bloomnet membership fee reductions - we waived certain bloomnet membership fees in april 2020 to help them weather the covid-19 crisis . ● increased operating costs - we are seeing increased costs associated with the changes we have made , and continue to make , to our manufacturing , warehouse and distribution facilities to provide for the safety and wellbeing of our associates , including , among others : required social distancing , enhanced facility cleaning and sanitizing schedules , and staggered production shifts . ● personalizationmall litigation – on february 14 , 2020 , the company entered into an equity purchase agreement to acquire personalizationmall for $ 252.0 million from bed bath & beyond inc. the company originally expected the acquisition to close on march 30 , 2020. however , due to the unprecedented circumstances created by the covid-19 pandemic , the company requested a reasonable delay in the closing date as it believed that conditions to closing the transaction had not been met , including the shut-down of personalizationmall 's facilities . the seller responded to this request by filing a lawsuit in the court of chancery in the state of delaware on april 1 , 2020 , seeking a judgment forcing the company to close . on july 20 , 2020 , the company entered into a settlement agreement with respect to the litigation and an amendment to the equity purchase agreement , which reflects , among other things , an amended purchase price of $ 245.0 million . the transaction closed on august 3 , 2020. the company incurred approximately $ 2.7mm of related litigation and transaction costs during fiscal 2020 . 19 the scale and overall economic impact of the covid-19 crisis is still very difficult to assess . story_separator_special_tag wholesale/retail volume , which had been trending significantly favorable to prior year before the onset of covid-19 , ended relatively flat for the year due to the closure of many of the brand 's retail customer 's stores , and the closure of the harry & david retail store operations in the 4 th quarter . net revenues increased 7.1 % during fiscal 2019 , attributable to growth from nearly all brands , but primarily due to : ( i ) strong growth from harry & david , driven by improved merchandising assortments , increased investments in digital marketing programs , and its “ share more ” messaging , which resonated with customers , contributing to new customer acquisition and increases in its “ everyday ” business , and ( ii ) as 1-800-baskets/designpac , which generated year-over-year growth from new and existing wholesale customers , as well through its e-commerce business attributable to its simply chocolate product line . 24 gross profit replace_table_token_8_th gross profit consists of net revenues less cost of revenues , which is comprised primarily of florist fulfillment costs ( fees paid directly to florists ) , the cost of floral and non-floral merchandise sold from inventory or through third parties , and associated costs including inbound and outbound shipping charges . additionally , cost of revenues includes labor and facility costs related to direct-to-consumer and wholesale production operations . gross profit increased 18.3 % during fiscal 2020 due to the increase in revenues noted above , partially offset by a lower gross profit percentage . gross profit percentage decreased 30 basis points during fiscal 2020 , due to lower margins within the gourmet foods & gift baskets and bloomnet segments , partially offset by improved margins in the consumer floral segment . the lower margins were attributable to the acquisition of shari 's berries , which carries a lower gross margin , and macro-economic headwinds including : ( i ) rising labor and transportation costs , ( ii ) tariffs , and ( iii ) increased costs associated with the changes we have made , and continue to make , to our manufacturing , warehouse and distribution facilities to provide for the safety and wellbeing of our associates in light of covid-19 , including : required social distancing , enhanced facility cleaning and sanitizing schedules , and staggered production shifts . these headwinds have been partially offset by the company 's strategic pricing initiatives and operational productivity improvements . gross profit increased 7.6 % during fiscal 2019 due to the increase in revenues noted above , partially offset by a lower gross profit percentage . gross profit decreased 40 basis points during fiscal 2019 , reflecting bloomnet 's lower gross margin percentage , as well as hourly labor , particularly seasonal labor , and the growth of our celebrations passport free-shipping program , partially offset by gourmet foods & gift baskets logistics initiatives , which reduced per order transportation costs , as well as manufacturing initiatives , including automation and shifting some production to earlier in the season to better utilize our core workforce . consumer floral segment – gross profit increased 19.9 % during fiscal 2020 , due to the aforementioned revenue growth and an increase in gross profit percentage of 20 basis points to 39.4 % . the higher gross profit percentage reflects lower promotional activity throughout the year due to the elimination of the loyalty points program , instead emphasizing “ passport ” to increase purchase frequency . gross profit increased 7.4 % during fiscal 2019 , due to the aforementioned revenue growth , partially offset by a decrease in gross profit percentage of 50 basis points to 39.2 % . the lower gross profit percentage reflects higher product costs , an increased celebrations passport program participation , which has been driving improved customer loyalty and purchase frequency , and increased transportation costs . bloomnet segment - gross profit increased 4.3 % during fiscal 2020 , due to the increase in revenues noted above , partially offset by a decrease in gross profit percentage of 200 basis points to 48.5 % . the lower gross profit percentage was due to unfavorable wholesale product margins due to the impact of tariffs , promotional offerings and higher shipping and merchandise costs , as well as higher rebates ( higher florist-to-florist volume ) and the aforementioned fee waivers in april 2020 to assist the florist network during the onset of the pandemic . gross profit increased 6.9 % during fiscal 2019 , due to the increase in revenues noted above , partially offset by a decrease in gross profit percentage of 380 basis points to 50.5 % . the lower gross profit percentage is due to the increase in the volume of lower margin florist-to-florist orders , on membership and transaction fee margins , as a result of an increase in rebates to support the brand 's efforts to gain market share . gourmet foods & gift baskets segment – gross profit increased by 20.0 % during fiscal 2020 , due to the increase in revenues noted above , partially offset by a decrease in gross profit percentage of 40 basis points to 42.5 % , mainly due to the acquisition of shari 's berries , which carries a lower gross margin than the rest of the segment , as well as the aforementioned macro-economic headwinds and incremental covid-19 costs . gross profit increased by 7.9 % during fiscal 2019 , due to the increase in revenues noted above , as well as increased margins . gross profit percentage increased 30 basis points to 42.9 % during fiscal 2019 , due to logistics initiatives , which reduced shipping and transportation costs , combined with strategic pricing initiatives , and improved operational performance at cheryl 's , partially offset by rising labor costs , and penetration of the celebrations passport program . marketing and sales expense replace_table_token_9_th marketing and sales expense consists primarily of advertising and

liquidity and capital resources liquidity and borrowings the company 's principal sources of liquidity are cash on hand , cash flows generated from operations and borrowings available under the 2019 credit agreement ( see note 18. in part iv , item 15 for details ) . at june 28 , 2020 , the company had working capital of $ 198.3 million , including cash and cash equivalents of $ 240.5 million , compared to working capital of $ 175.4 million , including cash and cash equivalents of $ 172.9 million at june 30 , 2019. as of june 28 , 2020 , there were no borrowings outstanding under the company 's revolver . due to the seasonal nature of the company 's business , and its continued expansion into non-floral products , the thanksgiving through christmas holiday season , which falls within the company 's second fiscal quarter , historically generated nearly 50 % of the company 's annual revenues , and all of its earnings . however , with the onset of the covid-19 pandemic , the company experienced a significant increase in its revenues and earnings during its fourth quarter of fiscal 2020. these trends have continued through the first two months of its fiscal 2021 first quarter . our customers have increasingly turned to our brands and our expanded product offerings to help them connect and express themselves during the recent covid-19 pandemic and our “ everyday ” gifting product line has seen increased volume . while the continuing impacts of covid-19 are difficult to predict , the company expects that its fiscal second quarter will continue to be its largest in terms of revenues and earnings , although increases in the company 's “ everyday ” business have and are expected to continue to lessen the seasonality of our business .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources liquidity and borrowings the company 's principal sources of liquidity are cash on hand , cash flows generated from operations and borrowings available under the 2019 credit agreement ( see note 18. in part iv , item 15 for details ) . at june 28 , 2020 , the company had working capital of $ 198.3 million , including cash and cash equivalents of $ 240.5 million , compared to working capital of $ 175.4 million , including cash and cash equivalents of $ 172.9 million at june 30 , 2019. as of june 28 , 2020 , there were no borrowings outstanding under the company 's revolver . due to the seasonal nature of the company 's business , and its continued expansion into non-floral products , the thanksgiving through christmas holiday season , which falls within the company 's second fiscal quarter , historically generated nearly 50 % of the company 's annual revenues , and all of its earnings . however , with the onset of the covid-19 pandemic , the company experienced a significant increase in its revenues and earnings during its fourth quarter of fiscal 2020. these trends have continued through the first two months of its fiscal 2021 first quarter . our customers have increasingly turned to our brands and our expanded product offerings to help them connect and express themselves during the recent covid-19 pandemic and our “ everyday ” gifting product line has seen increased volume . while the continuing impacts of covid-19 are difficult to predict , the company expects that its fiscal second quarter will continue to be its largest in terms of revenues and earnings , although increases in the company 's “ everyday ” business have and are expected to continue to lessen the seasonality of our business .
```    
 Suspicious Activity Report : the company built upon this momentum , generating revenue growth of 8.3 % during the first nine months of fiscal 2020 , accompanied by growth in its customer files , reflecting the strength of its family of brands , its focus on technological innovation and product development , and most importantly , providing an exemplary customer experience . the company was able to leverage its business platform as this growth rate accelerated with the onset of the covid-19 pandemic , during which time we saw customers increasingly turn to our brands and product offerings to help them remain connected and express themselves during this difficult time . as a result , consolidated annual revenue grew 19.3 % , to approximately $ 1.5 billion during fiscal 2020 , while net income increased 69.7 % , to $ 59.0 million . adjusted ebitda , which excludes the impact of stock-based compensation , non-qualified plan investment appreciation/depreciation , the costs of closing our harry & david retail stores , and personalizationmall litigation and transaction costs , increased 57.8 % , to $ 129.5 million . covid-19 impact in response to the global pandemic , the company has taken actions to ensure employee safety and business continuity , informed by the guidelines set forth by local , state and federal government and health officials . these initiatives include developing a “ pandemic preparedness and response plan , ” establishing an internal “ nerve center ” to allow for communication and coordination throughout the business , designing workstream teams to promote workforce protection and supply chain management , and dedicating resources to support customers , vendors , franchisees , and our bloomnet member florists . the covid-19 pandemic has affected , and will continue to affect , our operations and financial results for the foreseeable future . while there is significant uncertainty in the overall consumer environment due to the covid-19 crisis , we are seeing strong e-commerce demand for gourmet foods and gift baskets and our floral products for holidays and every-day gifting occasions , as well as for self-consumption . entering the company 's fiscal fourth quarter , immediately following the onset of the pandemic , we saw significantly increased demand during the easter holiday period , through mother 's day , and then continuing with “ everyday ” volume through the end of the fiscal year . as we look past the end of fiscal 2020 , demand trends remain strong through the first quarter of fiscal 2021. with that said , there are headwinds ( and resulting increased costs ) that have been , and will continue to impact our operations during the foreseeable future , including the following : ● retail store closures – on march 20 , 2020 , in response to government actions , and for the safety of its employees , the company temporarily closed its cheryl 's and harry & david retail stores . affected employees were provided with company paid special covid leave pay through april 3rd , as the nation and the company worked to understand the extent and potential length of the crisis . on april 14th , the difficult decision was made to permanently close 38 of our 39 harry & david retail stores . as a result , the company incurred a charge of approximately $ 5.2 million in our fourth quarter for lease obligations , employee costs and other store closure costs . annual revenues attributable to the closed locations was approximately $ 33.0 million . ● wholesale volume reductions - we have seen a reduction in our wholesale business as a result of covid-19 , which impacted our fourth quarter results within our bloomnet and gourmet foods and gift baskets segments as these customers were forced to close during the pandemic , resulting in loss of revenues , as well as increased reserves on certain customer receivables . we anticipate that this reduction in wholesale volume will continue through the fiscal second quarter of fiscal 2021 , as many of our large wholesale customers are taking a cautious approach due to the uncertainty surrounding the future impact of covid-19 on the overall consumer economy , and store based retail sales in particular . ● bloomnet membership fee reductions - we waived certain bloomnet membership fees in april 2020 to help them weather the covid-19 crisis . ● increased operating costs - we are seeing increased costs associated with the changes we have made , and continue to make , to our manufacturing , warehouse and distribution facilities to provide for the safety and wellbeing of our associates , including , among others : required social distancing , enhanced facility cleaning and sanitizing schedules , and staggered production shifts . ● personalizationmall litigation – on february 14 , 2020 , the company entered into an equity purchase agreement to acquire personalizationmall for $ 252.0 million from bed bath & beyond inc. the company originally expected the acquisition to close on march 30 , 2020. however , due to the unprecedented circumstances created by the covid-19 pandemic , the company requested a reasonable delay in the closing date as it believed that conditions to closing the transaction had not been met , including the shut-down of personalizationmall 's facilities . the seller responded to this request by filing a lawsuit in the court of chancery in the state of delaware on april 1 , 2020 , seeking a judgment forcing the company to close . on july 20 , 2020 , the company entered into a settlement agreement with respect to the litigation and an amendment to the equity purchase agreement , which reflects , among other things , an amended purchase price of $ 245.0 million . the transaction closed on august 3 , 2020. the company incurred approximately $ 2.7mm of related litigation and transaction costs during fiscal 2020 . 19 the scale and overall economic impact of the covid-19 crisis is still very difficult to assess . story_separator_special_tag wholesale/retail volume , which had been trending significantly favorable to prior year before the onset of covid-19 , ended relatively flat for the year due to the closure of many of the brand 's retail customer 's stores , and the closure of the harry & david retail store operations in the 4 th quarter . net revenues increased 7.1 % during fiscal 2019 , attributable to growth from nearly all brands , but primarily due to : ( i ) strong growth from harry & david , driven by improved merchandising assortments , increased investments in digital marketing programs , and its “ share more ” messaging , which resonated with customers , contributing to new customer acquisition and increases in its “ everyday ” business , and ( ii ) as 1-800-baskets/designpac , which generated year-over-year growth from new and existing wholesale customers , as well through its e-commerce business attributable to its simply chocolate product line . 24 gross profit replace_table_token_8_th gross profit consists of net revenues less cost of revenues , which is comprised primarily of florist fulfillment costs ( fees paid directly to florists ) , the cost of floral and non-floral merchandise sold from inventory or through third parties , and associated costs including inbound and outbound shipping charges . additionally , cost of revenues includes labor and facility costs related to direct-to-consumer and wholesale production operations . gross profit increased 18.3 % during fiscal 2020 due to the increase in revenues noted above , partially offset by a lower gross profit percentage . gross profit percentage decreased 30 basis points during fiscal 2020 , due to lower margins within the gourmet foods & gift baskets and bloomnet segments , partially offset by improved margins in the consumer floral segment . the lower margins were attributable to the acquisition of shari 's berries , which carries a lower gross margin , and macro-economic headwinds including : ( i ) rising labor and transportation costs , ( ii ) tariffs , and ( iii ) increased costs associated with the changes we have made , and continue to make , to our manufacturing , warehouse and distribution facilities to provide for the safety and wellbeing of our associates in light of covid-19 , including : required social distancing , enhanced facility cleaning and sanitizing schedules , and staggered production shifts . these headwinds have been partially offset by the company 's strategic pricing initiatives and operational productivity improvements . gross profit increased 7.6 % during fiscal 2019 due to the increase in revenues noted above , partially offset by a lower gross profit percentage . gross profit decreased 40 basis points during fiscal 2019 , reflecting bloomnet 's lower gross margin percentage , as well as hourly labor , particularly seasonal labor , and the growth of our celebrations passport free-shipping program , partially offset by gourmet foods & gift baskets logistics initiatives , which reduced per order transportation costs , as well as manufacturing initiatives , including automation and shifting some production to earlier in the season to better utilize our core workforce . consumer floral segment – gross profit increased 19.9 % during fiscal 2020 , due to the aforementioned revenue growth and an increase in gross profit percentage of 20 basis points to 39.4 % . the higher gross profit percentage reflects lower promotional activity throughout the year due to the elimination of the loyalty points program , instead emphasizing “ passport ” to increase purchase frequency . gross profit increased 7.4 % during fiscal 2019 , due to the aforementioned revenue growth , partially offset by a decrease in gross profit percentage of 50 basis points to 39.2 % . the lower gross profit percentage reflects higher product costs , an increased celebrations passport program participation , which has been driving improved customer loyalty and purchase frequency , and increased transportation costs . bloomnet segment - gross profit increased 4.3 % during fiscal 2020 , due to the increase in revenues noted above , partially offset by a decrease in gross profit percentage of 200 basis points to 48.5 % . the lower gross profit percentage was due to unfavorable wholesale product margins due to the impact of tariffs , promotional offerings and higher shipping and merchandise costs , as well as higher rebates ( higher florist-to-florist volume ) and the aforementioned fee waivers in april 2020 to assist the florist network during the onset of the pandemic . gross profit increased 6.9 % during fiscal 2019 , due to the increase in revenues noted above , partially offset by a decrease in gross profit percentage of 380 basis points to 50.5 % . the lower gross profit percentage is due to the increase in the volume of lower margin florist-to-florist orders , on membership and transaction fee margins , as a result of an increase in rebates to support the brand 's efforts to gain market share . gourmet foods & gift baskets segment – gross profit increased by 20.0 % during fiscal 2020 , due to the increase in revenues noted above , partially offset by a decrease in gross profit percentage of 40 basis points to 42.5 % , mainly due to the acquisition of shari 's berries , which carries a lower gross margin than the rest of the segment , as well as the aforementioned macro-economic headwinds and incremental covid-19 costs . gross profit increased by 7.9 % during fiscal 2019 , due to the increase in revenues noted above , as well as increased margins . gross profit percentage increased 30 basis points to 42.9 % during fiscal 2019 , due to logistics initiatives , which reduced shipping and transportation costs , combined with strategic pricing initiatives , and improved operational performance at cheryl 's , partially offset by rising labor costs , and penetration of the celebrations passport program . marketing and sales expense replace_table_token_9_th marketing and sales expense consists primarily of advertising and

