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A 4.2% decrease to $166.7M in 3Q report.
November 13, 2009
By: TOM BRANNA
Editor
Yankee Holding Corporation and The Yankee Candle Company, Inc. posted financial results for the third quarter ended Oct. 3, 2009 Sales for the company’s continuing operations for the third quarter fell 4.2% to $168.7 million.Sales in its wholesale business decreased by 10.5% versus the prior year quarter—driven primarily by the loss of Linens ‘n Things as a wholesale customer due to its 2008 bankruptcy; continued weak traffic, particularly in the gift channel; and the absence this...
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