Yankee Candle Sales Brighten 11% in Q4

Share this article:
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.


Share this article:
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Generating Loyalty for Brands and Retailers in an Omnichannel World

Generating Loyalty for Brands and Retailers in an ...

Harnessing personas, loyalty programs, and new technologies can help marketers better connect with customers.

News Byte: Salesforce Forms Unit to Focus on Verticals

News Byte: Salesforce Forms Unit to Focus on ...

The industries business unit, led by ex-White House CIO Vivek Kundra, will serve six industry groupings.

Columbia U. Puts the "Do" in "Donation"

Columbia U. Puts the "Do" in "Donation"

Columbia University raises nearly $7 million in donations in just 24 hours with a combination of social media, live events, and gamification.