Annual Sales Climb 7% For Yankee Candle
Yankee Holding Corp. and The Yankee Candle Company, Inc. posted favorable financial results for the full year and fourth quarter ended Dec. 31, 2011.
Sales for the fourth quarter of 2011 rose 8.6% to $316.6 million.Retail sales increased 7.5% to $216.5 million, while sales in the company’s wholesale segment rose 2.6% to $66.4 million. Sales in the company’s international segment, which is being reported as a separate business segment beginning in 2011 after having previously been included in the wholesale segment, climbed 32.1% to $33.7 million. Net income for the company jumped 5.8% to $54.8 million for the fourth quarter of 2011.
For fiscal 2011, total company sales increased 7.1% to $785.8 million. Retail sales rose 5.4% over the prior year to $449.2 million and wholesale sales increased 1.2% to $235.2 million. Sales in the company’s international segment climbed 35.4% to $101.3 million. The company generated net income of $54.5 million for fiscal 2011, an increase of 30%.
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