Yankee Candle Posts Q2 Gains
Published August 9, 2013
Yankee Holding Corp. and The Yankee Candle Company, Inc. posted financial results for the second quarter ended June 29, 2013.
Net sales for the second quarter of 2013 rose 7.1% to $155.7 million. Retail segment sales increased 6.1% to $86.8 million, while sales from the company's Wholesale segment increased 2.4% to $41.5 million. Sales in the company's international segment climbed 19% to $27.3 million.
Net sales for the six months ended June 29, 2013 increased 6.2% to $319.1 million. The company recorded a net loss of $4.9 million for the second quarter of 2013 compared to a net loss of $13.5 million for the second quarter of 2012.
"We delivered above market performance in our retail business, which together with continued momentum in our strategic growth channels such as International and consumer direct, helped deliver sales increases over the prior year quarter," said Harlan Kent, chief executive officer of Yankee Candle.
In other news, the brand recently debuted Fan Candles with logos of leading colleges. For more home fragrance news, check out the September 2013 Happi.
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