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Yankee Candle Reports 10% Drop in 1Q Revenue

2009-05-14 | 11:15

Company feels the heat of the recession in retail and wholesale business.

Yankee Holding Corporation and The Yankee Candle Company, Inc. announced financial results for the first quarter ended April 4, 2009. Total revenue for the first quarter dropped 10.8% to $125.7 million from the prior year first quarter.

Both the retail and wholesale segments were negatively impacted by the unprecedented macroeconomic environment that continues to impact the company, and other consumer-facing companies, in 2009, said Yankee Candle in a media statement.

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