05.13.10
Yankee Holding Corp. and The Yankee Candle Company, Inc. posted favorable financial results for the first quarter ended April 3, 2010. Sales for the first quarter of 2010 rose 18.2% to $141.0 million. Sales in the company's wholesale business increased by 23.1% versus the prior year first quarter. Retail sales were $73.7 million - an increase of $9.1 million or 14.2% from the first quarter of fiscal 2009.
"Our positive momentum continued in the first quarter as we were able to deliver improved results across all of our business units," said CEO Harlan Kent. "Our retail division saw another quarter of solid growth and positive comparable sales, while both our wholesale and International businesses delivered strong double-digit sales growth in the quarter. We also continue to focus intently on cost control and productivity initiatives, which together with the top line growth allowed us to deliver strong gains in adjusted EBITDA over the prior year quarter."