Total Revenue Warming Up at Yankee Candle
For the third quarter ended Sept. 27, 2008, Yankee Candle posted a 3% increase to $181.1 million in total revenue. According to the company, the increase in revenue was primarily due to increased sales in its domestic and European wholesale businesses and in new retail stores, offset in part by decreased comparable store retail sales. Comparable store sales in the retail segment, excluding the company’s consumer direct business and Illuminations stores, decreased 8% over the prior year quarter. Total retail comparable sales, including Yankee’s consumer direct business but excluding its Illuminations stores, decreased 7% over the prior year quarter. The company ended the third quarter of 2008 with a net income of $6.7 million—an 11% jump from the same quarter in 2007.
blog comments powered by Disqus