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Yankee Candle Co. To Cut Staff

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By: TOM BRANNA

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Yankee Candle Co., Whately, MA, announced its fourth-quarter earnings rose 22%, but still missed analysts’ estimates, as inclement weather and a slowdown in consumer spending dampened the company’s holiday sales season. The candle maker, wholesaler and retailer said it was laying off about 14% of its work force and closing a distribution facility because of overcapacity from the holiday season. Net income for the quarter rose to $27.7 million, or 51 cents a diluted share, from $22.7 ...

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