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Net Sales Rise 7.4% At Yankee Candle

Published April 4, 2013
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Net Sales Rise 7.4% At Yankee Candle

• Yankee Holding Corp. and The Yankee Candle Company, Inc. posted financial results for the fourth quarter and full year ended Dec. 29, 2012.

For the year ended Dec. 29, 2012, total company net sales increased 7.4% to $844.2 million. Retail sales rose 9.1% to $490.2 million and wholesale sales increased 1.3% to $238.3 million. Sales in the company’s international segment jumped 14.2% to $115.7 million.

Net sales for the fourth quarter of 2012 rose 8.1% to $342.1 million. Retail sales increased 8.3% to $234.4 million, while the wholesale segment fell 3.7% to $64.0 million.

Sales in the company’s international segment soared 29.7% to $43.7 million.

Yankee Candle is banking on several rollouts for another positive year.
“We had a strong fourth quarter, with continued momentum from several of our businesses helping to drive solid top and bottom line results,” said Harlan Kent, CEO of Yankee Candle. “Positive comps in our retail stores combined with continuing strong performance in our consumer direct business helped deliver over 8% sales growth in our retail division in the quarter. In addition, our international business had a strong recovery from the issues in the prior quarter, delivering year-over-year growth of 30%.”

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