08.11.11
Yankee Holding Corp. and The Yankee Candle Company, Inc. posted financial results for the second quarter ended July 2, 2011.Sales rose 3.6% to $129.9 million.Retail sales increased 1.9% to $73.1 million, while wholesale sales fell 6.7% to $38.1 million.Sales in the company's international segment, which is being reported as a separate business segment beginning in 2011 after previously having been included in the wholesale segment, climbed 46% to $18.7 million.
"Our second quarter results were consistent with the expectations we have communicated since the beginning of the year," said Harlan Kent, the company's chief executive officer."Despite a consumer spending environment that remains very uncertain, we were able to continue to grow our sales and again saw strong performance by several of our growth platforms, including our international, consumer direct, fundraising and wholesale premium mass and department store businesses.”
For the six months ended July 2, 2011, retail sales increased 1.7% to $147.8 million. Wholesale sales fell 6% to $85.6 million.The decrease was driven primarily by decreased sales to gift channel accounts and decreased sales from co-packing and licensing activities, partially offset by increased sales in our premium mass and department store channels, according to the company.
International sales were $40.6 million for the first six months of fiscal 2011, an increase of 38.1% over the prior year period.The increase was driven primarily by increased sales in the company’s UK business.
"Our second quarter results were consistent with the expectations we have communicated since the beginning of the year," said Harlan Kent, the company's chief executive officer."Despite a consumer spending environment that remains very uncertain, we were able to continue to grow our sales and again saw strong performance by several of our growth platforms, including our international, consumer direct, fundraising and wholesale premium mass and department store businesses.”
For the six months ended July 2, 2011, retail sales increased 1.7% to $147.8 million. Wholesale sales fell 6% to $85.6 million.The decrease was driven primarily by decreased sales to gift channel accounts and decreased sales from co-packing and licensing activities, partially offset by increased sales in our premium mass and department store channels, according to the company.
International sales were $40.6 million for the first six months of fiscal 2011, an increase of 38.1% over the prior year period.The increase was driven primarily by increased sales in the company’s UK business.