Yankee Candle Narrows Loss in 1Q
The Yankee Candle Company today announced financial results for the first quarter ended April 2, 2011. Sales for the first quarter of 2011 were $144.1 million, a $3.1 million or 2.2 percent increase from the prior year first quarter. Retail sales were $74.8 million, an increase of $1.1 million or 1.5 percent from the first quarter of fiscal 2010. The company incurred a net loss of $5.3 million for the first quarter of 2011 compared to a net loss of $8.5 million for the first quarter of 2010.