Yankee Candle Burns Brightly in 2002

Share this content:
Strong wholesale results fueled record fourth-quarter and fiscal 2002 results at Yankee Candle Co. Inc., South Deerfield, MA.


Q4 wholesale sales rose 19 percent from last year to $65.5 million, the company said yesterday, and total Q4 sales climbed 12 percent to $176.3 million. Retail sales were $110.9 million, up 8.5 percent from the fiscal 2001 fourth quarter. Q4 net income rose 17 percent to $39.2 million, and operating profit jumped 15 percent to $65.7 million.


Total sales for fiscal 2002 were $444.8 million, a 17 percent increase from fiscal 2001. Wholesale was again the strongest performer, with sales rising 22 percent to $204.9 million. Retail sales were $239.9 million, up 13 percent from fiscal 2001. Net income for 2002 was $64 million, up from $43.3 million in fiscal 2001. Operating profit rose 34 percent to $109.8 million.


Yankee Candle's wholesale network consists of 14,000 store locations. The company does not break out sales for its Internet and catalog operations.


Loading links....
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here