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July 28, 2005
By: TOM BRANNA
Editor
Yankee Candle Co. said second-quarter profit edged higher by 1.3 %, but same-store sales declined 3% and total revenue fell short of analysts’ expectations.Quarterly profit rose to $8.5 million from $8.4 million last year. Sales rose to $108.5 million from $100.9 million during the period.Yankee Candle said sales to retailers rose to $49.9 million from $48.1 million last year, and wholesale revenue increased to $58.7 million from $52.8 million.
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