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Yankee Candle Reports Higher Profit

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By: TOM BRANNA

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The Yankee Candle Co., South Deerfield, MA, which makes and sells candles, on Wednesday said third-quarter earnings rose 34% as wholesale revenues jumped and it avoided discounting its products. The company, based in South Deerfield, Massachusetts, reported a profit of $11.3 million, or 21 cents per share, compared with $8.5 million, or 16 cents per share, a year ago.Sales rose to $99 million from $84.9 million a year earlier. Looking ahead, the candlemaker said it sees retail sales growing 5-11...

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