Q3 Gains at Yankee Candle

Yankee Holding Corp. and The Yankee Candle Company, Inc. posted favorable financial results for the third quarter ended Oct. 2, 2010.

Sales for the third quarter jumped 4.1% to $175.8 million.Sales in the company’s wholesale business increased 3.7% to $96.2 million, while retail sales rose 4.7% to $79.6 million. The company generated net income of $8.8 million for the third quarter of 2010 compared to a net loss of $0.7 million.

For the nine months ended Oct. 2, 2010, retail sales increased 7.8% to $225 million, driven primarily by an increase in new stores opened after the third quarter of 2009 and an increase in comparable store sales, said the company. Wholesale sales increased 9.6% to $217.1 million.