Yankee Candle Sales Brighten 11% in Q4

Share this content:
Total fourth-quarter sales for Yankee Candle Company Inc. were $157.3 million, up 11 percent from the year-ago quarter, the company said yesterday.


Yankee Candle, South Deerfield, MA, is a designer, manufacturer, wholesaler and retailer of premium scented candles. Its 2001 fiscal year and fourth quarter ended Dec. 29.


Wholesale sales for the quarter, including European operations, totaled $55.2 million, up 3 percent from the fiscal 2000 fourth quarter. Retail sales reached $102.2 million, a 16 percent rise. Comparable sales in the 147 retail stores that have been open more than one year and the mail-order hub fell 3 percent while retail comparable-store sales dropped 5 percent during the fourth quarter.


Net income increased 21 percent in the fourth quarter to $33.6 million from $27.7 million. Operating profit rose 14 percent in the quarter to $57.4 million, from $50.4 million.


Total sales for fiscal 2001 were $379.8 million, up 12 percent from fiscal 2000. Wholesale sales, including European operations, reached $168.1 million, a 3 percent increase from fiscal 2000. Retail sales totaled $211.7 million, up 21 percent.


Comparable-store sales in the 147 stores open more than one year and the mail-order hub increased 2 percent in fiscal 2001. Retail comparable-store sales fell 2 percent.


Operating profit before restructuring charges for fiscal 2001 was $89.9 million, compared with $89.1 million for fiscal 2000. Operating profit after restructuring charges for fiscal 2001 was $81.9 million, compared with $89.1 million for fiscal 2000.


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