The Yankee Candle Company, Inc. (�Yankee� or the �Company�;
NYSE:YCC) today announced financial results for the third quarter
ended September 30, 2006. Total sales for the third quarter were
$159.6 million, a 16.9% increase over the year ago quarter.
Earnings per common share on a diluted basis were $0.37 as compared
to $0.35 for the comparable period last year, and compares to
analyst consensus of $0.27. �I am very pleased with our third
quarter 2006 results,� commented Craig Rydin, Chairman and Chief
Executive Officer. �Total revenue and earnings exceeded our
original outlook for the quarter. Both of our divisions produced
strong results, with Retail delivering another exceptional
comparable store sales performance while Wholesale sales also
exceeded our expectations. Our results speak to our employees� hard
work, seamless execution and engagement, and I would like to take
this opportunity to thank them for their hard work.� Third Quarter
Highlights: Retail sales including Illuminations were $72.1
million, a 24.6% increase over the fiscal 2005 third quarter.
Comparable sales in the 349 retail stores including the South
Deerfield flagship store that have been open for more than one year
(and excluding any Illuminations stores) increased 8%. Comparable
sales in the 348 retail stores excluding the South Deerfield
flagship store (and excluding any Illuminations stores) increased
9%. Consumer Direct increased 30% over the fiscal 2005 third
quarter. Including Consumer Direct, total retail comparable sales
increased 10%. Wholesale sales were $87.5 million in the third
quarter, an increase of 11.3% over the year ago quarter. Gross
profit increased 13.8% to $86.6 million for the third quarter
versus the prior year quarter. As a percentage of sales, gross
profit decreased to 54.3% compared to 55.8% for the prior year
quarter. The year-over-year decline in gross profit rate resulted
primarily from increased promotional support in the wholesale
segment and increased supply chain costs in both retail and
wholesale, primarily driven by higher wax, freight and
energy-related costs. These increased costs were partially offset
by the impact of the price increases initiated in the fourth
quarter of 2005 and September 2006. Income from operations for the
third quarter increased 8.5% to $28.9 million, from $26.7 million
for the third quarter of 2005. Nine Months Ended September 30, 2006
Highlights: Retail sales were $192.8 million for the first nine
months of 2006, a 20.8% increase over the first nine months of
fiscal 2005. Comparable sales in the 349 retail stores including
the South Deerfield flagship store that have been open for more
than one year (and excluding any Illuminations stores) increased
7%. Comparable sales in the 348 retail stores excluding the South
Deerfield flagship store (and excluding any Illuminations stores)
increased 7%. Consumer Direct increased 40% over the first nine
months of fiscal 2005. Including Consumer Direct, total retail
comparable sales increased 9%. Wholesale sales were $216.9 million
for the first nine months of fiscal 2006, an increase of 6.0% over
the first nine months of fiscal 2005. Gross profit increased 9.3%
to $221.7 million for the first nine months of fiscal 2006 versus
the prior year comparable period. As a percentage of sales, gross
profit decreased to 54.1% compared to 55.7% for the prior year,
driven primarily by increased promotional support and increased
supply chain costs driven by higher wax, freight, and
energy-related costs. These costs were partially offset by the
price increases initiated in the fourth quarter of 2005 and
September 2006. Income from operations for the first nine months of
fiscal 2006 decreased 2.9% to $59.7 million, from $61.5 million for
the first nine months of fiscal 2005. Craig Rydin continued, �Our
Retail division continues to deliver positive same store sales
growth and had a strong segment profit performance in the third
quarter. In addition, Wholesale sales recovered from a softer than
expected second quarter and delivered excellent revenue growth and
strong overall results versus plan. We successfully implemented a
price increase at the beginning of September which has helped to
offset some of the wax, freight and energy-related costs impacting
our business. Finally, our Illuminations acquisition was completed
in late July, and we are pleased with its third quarter
performance.� Forecast Highlights: The Company is increasing its
sales and EPS guidance for the fiscal full year, which now includes
the effect of the Illuminations acquisition. This guidance does not
contemplate any future share repurchases. The Company anticipates
the 2006 diluted EPS to be in a range of $2.01 per share to $2.05
per share, including the tax benefit of approximately $0.05 per
share in the first quarter of 2006. Excluding this tax benefit, the
Company projects 2006 diluted EPS of $1.96 to $2.00, which compares
to fiscal 2005 diluted EPS of $1.73. Total sales growth for the
full year 2006 is expected to be in a range of approximately 10% to
12% over prior year. Mr. Rydin concluded, �Heading into the
important fourth quarter, we continue to feel upbeat about the
strength of our brand and our sustained retail performance, and the
retail profit conversion rate in the fourth quarter is quite strong
compared to earlier quarters. We also believe Wholesale is
well-positioned for a positive fourth quarter performance.
Additionally, we should continue to benefit from our September
price increase, particularly on top of the increase last November.�
Earnings Conference Call: The Company will host a conference call
to be broadcast via the Internet at 1:00 p.m. (EDT) this afternoon
to more fully discuss fiscal 2006 third quarter results and
outlook. This call is being webcast by CCBN and can be accessed at
The Yankee Candle Company's web site at www.yankeecandle.com. Click
on the �About Us� link, and then select the �Investor Information�
link. Enter your registration information ten minutes prior to the
start of the conference. About Yankee Candle The Yankee Candle
Company, Inc. is the leading designer, manufacturer, wholesaler and
retailer of premium scented candles, based on sales, in the
giftware industry. Yankee has a 36-year history of offering
distinctive products and marketing them as affordable luxuries and
consumable gifts. The Company sells its products through a North
American wholesale customer network of approximately 17,454 store
locations, a growing base of Company owned and operated retail
stores (409 located in 42 states as of September 30, 2006,
including 15 Illuminations stores), direct mail catalogs, its
Internet website (www.yankeecandle.com), international distributors
and to a European wholesale customer network of approximately 2,428
store locations (through its distribution center located in
Bristol, England). This press release contains certain information
constituting �forward-looking statements� for purposes of the safe
harbor provisions of The Private Securities Litigation Reform Act
of 1995. Forward-looking statements include but are not limited to
the statements contained herein with respect to management�s
current estimates of the Company�s financial and operating results
for Fiscal 2006, and the fourth quarter thereof, management�s
current expectations regarding its plan to operate the recently
acquired Illuminations business and any impact thereof on the
Company�s financial and operating results, the growth initiatives
and specific actions discussed above and their impact on the
Company�s future operating results, and any other statements
concerning the Company�s or management�s plans, objectives, goals,
strategies, expectations, estimates, beliefs or projections, or any
other statements concerning future performance or events. Actual
results could differ materially from those indicated by these
forward-looking statements as a result of various risks and
uncertainties, including but not limited to the following: the
current economic conditions in the United States as a whole and the
continuing weakness in the retail environment; the risk that we
will be unable to maintain our historical growth rate; the effects
of competition from others in the highly competitive giftware
industry; our ability to anticipate and react to industry trends
and changes in consumer demand; our dependence upon our senior
executive officers; the risk of loss of our manufacturing and
distribution facilities; the impact on our stock price of seasonal,
quarterly and other fluctuations in our business; the risk of any
disruption in wax supplies; and other factors described or
contained in the Company�s most recent Quarterly Report on Form
10-Q or Annual Report on Form 10-K on file with the Securities and
Exchange Commission. Any forward-looking statements represent our
views only as of today and should not be relied upon as
representing our views as of any subsequent date. While we may
elect to update certain forward-looking statements at some point in
the future, we specifically disclaim any obligation to do so even
if experience or future events may cause the views contained in any
forward-looking statements to change. The Yankee Candle Company,
Inc. and Subsidiaries Consolidated Statements of Operations (in
thousands, except per share data) (Unaudited) � Thirty Nine Thirty
Nine Thirteen Weeks Thirteen Weeks Weeks Weeks Ended Ended Ended
Ended Sept 30, 2006 Oct 1, 2005 Sept 30, 2006 Oct 1, 2005 Sales:
Retail $ 72,127� 45.19% $ 57,878� 42.40% $ 192,832� 47.06% $
159,586� 43.81% Wholesale � 87,477� � 54.81% � 78,622� � 57.60% �
216,936� � 52.94% � 204,717� � 56.19% Total sales 159,604� 100.00%
136,500� 100.00% 409,768� 100.00% 364,303� 100.00% � Cost of sales
� 72,981� � 45.73% � 60,368� � 44.23% � 188,032� � 45.89% �
161,485� � 44.33% Gross profit 86,623� 54.27% 76,132� 55.77%
221,736� 54.11% 202,818� 55.67% � Retail 34,846� 48.31% (A) 30,268�
52.30% (A) 98,056� 50.85% (A) 86,499� 54.20% (A) Wholesale � 5,824�
� 6.66% (B) � 4,499� � 5.72% (B) � 16,463� � 7.59% (B) � 12,883� �
6.29% (B) � Total selling expenses 40,670� 25.48% 34,767� 25.47%
114,519� 27.95% 99,382� 27.28% � General & administrative
expenses � 17,015� � 10.66% � 14,689� � 10.76% � 47,534� � 11.60% �
41,964� � 11.52% � Income from operations 28,938� 18.13% 26,676�
19.54% 59,683� 14.57% 61,472� 16.87% Interest (income) (7) 0.00%
(5) 0.00% (20) 0.00% (17) 0.00% Interest expense 4,682� 2.93%
2,347� 1.72% 11,211� 2.74% 4,809� 1.32% Other (income) expense �
(165) � -0.10% � (897) � -0.66% � (459) � -0.11% � (200) � -0.05% �
Income before provision for income taxes 24,428� 15.31% 25,231�
18.48% 48,951� 11.95% 56,880� 15.61% Provision for income taxes �
9,527� � 5.97% � 9,840� � 7.21% � 16,753� � 4.09% � 22,183� � 6.09%
Net income $ 14,901� � 9.34% $ 15,391� � 11.28% $ 32,198� � 7.86% $
34,697� � 9.52% � Basic earnings per share $ 0.37� $ 0.35� $ 0.80�
$ 0.77� � Diluted earnings per share $ 0.37� $ 0.35� $ 0.79� $
0.76� � Weighted avg. basic shares outstanding 39,784� 43,787�
40,405� 45,237� Weighted avg. diluted shares outstanding 40,085�
44,223� 40,737� 45,709� � Basic EPS before Q1 Tax Adjustment 0.74�
Diluted EPS before Q1 Tax Adjustment 0.73� � � � (A) Retail selling
expenses as a percentage of retail sales. (B) Wholesale selling
expenses as a percentage of wholesale sales. The Yankee Candle
Company, Inc. And Subsidiaries Condensed Consolidated Balance
Sheets (in thousands) � ASSETS September 30, December 31, 2006�
2005� (unaudited) � Current Assets: Cash and cash equivalents $
9,756� $ 12,655� Accounts receivable, net 67,366� 42,546� Inventory
87,404� 55,528� Prepaid expenses and other current assets 12,383�
9,060� Deferred tax assets 5,704� 6,734� Total Current Assets
182,613� 126,523� Property, Plant And Equipment, net 136,859�
139,089� Marketable Securities 2,194� 2,223� Deferred Financing
Costs 707� 593� Deferred Tax Assets 69,515� 73,975� Other Assets
30,560� 12,731� Total Assets $ 422,448� $ 355,134� � � LIABILITIES
AND STOCKHOLDERS� EQUITY � Current Liabilities: Accounts payable $
20,320� $ 21,068� Accrued payroll 12,928� 14,319� Accrued income
taxes 4,070� 20,828� Other accrued liabilities 19,903� 34,326�
Short-term debt 40,000� -� Total Current Liabilities 97,221�
90,541� Deferred Compensation Obligation 2,330� 2,418� Long-Term
Debt 241,000� 178,000� Deferred Rent 16,688� 16,031� Stockholders�
Equity 65,209� 68,144� Total Liabilities And Stockholders� Equity $
422,448� $ 355,134� The Yankee Candle Company, Inc. October 25,
2006 Earnings Release Supplemental Data Quarter Year to Date Total
YCC Retail Stores 9� 18� 394� Illuminations Retail Stores 15� 15�
15� Total Retail Stores 24� 33� 409� Wholesale Customer Locations -
North America 204� 1,070� 17,454� Wholesale Customer Locations -
Europe 88� 228� 2,428� Square Footage - Gross 41,841� 52,930�
826,362� Square Footage - Selling 28,787� 37,903� 642,432� Total
Company Comp Sales Change % 4% 1% Wholesale Comp Sales Change % (5)
-1% -6% Retail Comp Store Sales Change % (6) 8% 7% Retail Comp
Store Count (6) 349� -� 349� Retail Comp Store Sales Change %,
excl. S.Deerfield (6) 9% 7% Retail Comp Store & Hub Sales
Change % (6) 10% 9% Sales per Square Foot (1) -� $579� Store Count
-� 351� Average store square footage, gross (2) -� 2,020� Average
store square footage, selling (2) -� 1,571� Gross Profit (3) Retail
$ $47,782� $125,419� Retail % 66.3% 65.0% Wholesale $ $38,841�
$96,317� Wholesale % 44.4% 44.4% Segment Profit (3) Retail $
$12,936� $27,363� Retail % 17.9% 14.2% Wholesale $ $33,017�
$79,854� Wholesale % 37.7% 36.8% Depreciation & Amortization
(3) $6,672� $19,652� Inventory per Store $41,000� -� Inventory
Turns 3.7� 4.1� (4) Capital Expenditures (3) $6,976� $19,410�
Shares Outstanding 39,899,962� -� Weighted avg diluted shares in
EPS calculation 40,085,000� 40,737,000� � (1) Trailing 12 months,
stores open for full 12 months, excluding S. Deerfield Flagship
Store. � (2) Excludes S. Deerfield and Williamsburg, VA Flagship
stores. Includes Illuminations stores. � (3) Dollars in thousands.
� (4) Rolling four quarters. � (5) Excluding our Costco account,
Wholesale comp sales change would be 4% for the quarter and -3%
year to date. � (6) Acquired stores will be included in the
comparable store sales calculation beginning with the first full
quarter following the first anniversary of the date of the
acquisition. The Yankee Candle Company, Inc. ("Yankee" or the
"Company"; NYSE:YCC) today announced financial results for the
third quarter ended September 30, 2006. Total sales for the third
quarter were $159.6 million, a 16.9% increase over the year ago
quarter. Earnings per common share on a diluted basis were $0.37 as
compared to $0.35 for the comparable period last year, and compares
to analyst consensus of $0.27. "I am very pleased with our third
quarter 2006 results," commented Craig Rydin, Chairman and Chief
Executive Officer. "Total revenue and earnings exceeded our
original outlook for the quarter. Both of our divisions produced
strong results, with Retail delivering another exceptional
comparable store sales performance while Wholesale sales also
exceeded our expectations. Our results speak to our employees' hard
work, seamless execution and engagement, and I would like to take
this opportunity to thank them for their hard work." Third Quarter
Highlights: -- Retail sales including Illuminations were $72.1
million, a 24.6% increase over the fiscal 2005 third quarter.
Comparable sales in the 349 retail stores including the South
Deerfield flagship store that have been open for more than one year
(and excluding any Illuminations stores) increased 8%. Comparable
sales in the 348 retail stores excluding the South Deerfield
flagship store (and excluding any Illuminations stores) increased
9%. Consumer Direct increased 30% over the fiscal 2005 third
quarter. Including Consumer Direct, total retail comparable sales
increased 10%. -- Wholesale sales were $87.5 million in the third
quarter, an increase of 11.3% over the year ago quarter. -- Gross
profit increased 13.8% to $86.6 million for the third quarter
versus the prior year quarter. As a percentage of sales, gross
profit decreased to 54.3% compared to 55.8% for the prior year
quarter. The year-over-year decline in gross profit rate resulted
primarily from increased promotional support in the wholesale
segment and increased supply chain costs in both retail and
wholesale, primarily driven by higher wax, freight and
energy-related costs. These increased costs were partially offset
by the impact of the price increases initiated in the fourth
quarter of 2005 and September 2006. -- Income from operations for
the third quarter increased 8.5% to $28.9 million, from $26.7
million for the third quarter of 2005. Nine Months Ended September
30, 2006 Highlights: -- Retail sales were $192.8 million for the
first nine months of 2006, a 20.8% increase over the first nine
months of fiscal 2005. Comparable sales in the 349 retail stores
including the South Deerfield flagship store that have been open
for more than one year (and excluding any Illuminations stores)
increased 7%. Comparable sales in the 348 retail stores excluding
the South Deerfield flagship store (and excluding any Illuminations
stores) increased 7%. Consumer Direct increased 40% over the first
nine months of fiscal 2005. Including Consumer Direct, total retail
comparable sales increased 9%. -- Wholesale sales were $216.9
million for the first nine months of fiscal 2006, an increase of
6.0% over the first nine months of fiscal 2005. -- Gross profit
increased 9.3% to $221.7 million for the first nine months of
fiscal 2006 versus the prior year comparable period. As a
percentage of sales, gross profit decreased to 54.1% compared to
55.7% for the prior year, driven primarily by increased promotional
support and increased supply chain costs driven by higher wax,
freight, and energy-related costs. These costs were partially
offset by the price increases initiated in the fourth quarter of
2005 and September 2006. -- Income from operations for the first
nine months of fiscal 2006 decreased 2.9% to $59.7 million, from
$61.5 million for the first nine months of fiscal 2005. Craig Rydin
continued, "Our Retail division continues to deliver positive same
store sales growth and had a strong segment profit performance in
the third quarter. In addition, Wholesale sales recovered from a
softer than expected second quarter and delivered excellent revenue
growth and strong overall results versus plan. We successfully
implemented a price increase at the beginning of September which
has helped to offset some of the wax, freight and energy-related
costs impacting our business. Finally, our Illuminations
acquisition was completed in late July, and we are pleased with its
third quarter performance." Forecast Highlights: The Company is
increasing its sales and EPS guidance for the fiscal full year,
which now includes the effect of the Illuminations acquisition.
This guidance does not contemplate any future share repurchases. --
The Company anticipates the 2006 diluted EPS to be in a range of
$2.01 per share to $2.05 per share, including the tax benefit of
approximately $0.05 per share in the first quarter of 2006.
Excluding this tax benefit, the Company projects 2006 diluted EPS
of $1.96 to $2.00, which compares to fiscal 2005 diluted EPS of
$1.73. Total sales growth for the full year 2006 is expected to be
in a range of approximately 10% to 12% over prior year. Mr. Rydin
concluded, "Heading into the important fourth quarter, we continue
to feel upbeat about the strength of our brand and our sustained
retail performance, and the retail profit conversion rate in the
fourth quarter is quite strong compared to earlier quarters. We
also believe Wholesale is well-positioned for a positive fourth
quarter performance. Additionally, we should continue to benefit
from our September price increase, particularly on top of the
increase last November." Earnings Conference Call: The Company will
host a conference call to be broadcast via the Internet at 1:00
p.m. (EDT) this afternoon to more fully discuss fiscal 2006 third
quarter results and outlook. This call is being webcast by CCBN and
can be accessed at The Yankee Candle Company's web site at
www.yankeecandle.com. Click on the "About Us" link, and then select
the "Investor Information" link. Enter your registration
information ten minutes prior to the start of the conference. About
Yankee Candle The Yankee Candle Company, Inc. is the leading
designer, manufacturer, wholesaler and retailer of premium scented
candles, based on sales, in the giftware industry. Yankee has a
36-year history of offering distinctive products and marketing them
as affordable luxuries and consumable gifts. The Company sells its
products through a North American wholesale customer network of
approximately 17,454 store locations, a growing base of Company
owned and operated retail stores (409 located in 42 states as of
September 30, 2006, including 15 Illuminations stores), direct mail
catalogs, its Internet website (www.yankeecandle.com),
international distributors and to a European wholesale customer
network of approximately 2,428 store locations (through its
distribution center located in Bristol, England). This press
release contains certain information constituting "forward-looking
statements" for purposes of the safe harbor provisions of The
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include but are not limited to the statements contained
herein with respect to management's current estimates of the
Company's financial and operating results for Fiscal 2006, and the
fourth quarter thereof, management's current expectations regarding
its plan to operate the recently acquired Illuminations business
and any impact thereof on the Company's financial and operating
results, the growth initiatives and specific actions discussed
above and their impact on the Company's future operating results,
and any other statements concerning the Company's or management's
plans, objectives, goals, strategies, expectations, estimates,
beliefs or projections, or any other statements concerning future
performance or events. Actual results could differ materially from
those indicated by these forward-looking statements as a result of
various risks and uncertainties, including but not limited to the
following: the current economic conditions in the United States as
a whole and the continuing weakness in the retail environment; the
risk that we will be unable to maintain our historical growth rate;
the effects of competition from others in the highly competitive
giftware industry; our ability to anticipate and react to industry
trends and changes in consumer demand; our dependence upon our
senior executive officers; the risk of loss of our manufacturing
and distribution facilities; the impact on our stock price of
seasonal, quarterly and other fluctuations in our business; the
risk of any disruption in wax supplies; and other factors described
or contained in the Company's most recent Quarterly Report on Form
10-Q or Annual Report on Form 10-K on file with the Securities and
Exchange Commission. Any forward-looking statements represent our
views only as of today and should not be relied upon as
representing our views as of any subsequent date. While we may
elect to update certain forward-looking statements at some point in
the future, we specifically disclaim any obligation to do so even
if experience or future events may cause the views contained in any
forward-looking statements to change. -0- *T The Yankee Candle
Company, Inc. and Subsidiaries Consolidated Statements of
Operations (in thousands, except per share data) (Unaudited)
Thirteen Weeks Thirteen Weeks Ended Ended Sept 30, 2006 Oct 1, 2005
----------------- ----------------- Sales: Retail $ 72,127 45.19% $
57,878 42.40% Wholesale 87,477 54.81% 78,622 57.60%
----------------- ----------------- Total sales 159,604 100.00%
136,500 100.00% Cost of sales 72,981 45.73% 60,368 44.23%
----------------- ----------------- Gross profit 86,623 54.27%
76,132 55.77% Retail 34,846 48.31%(A) 30,268 52.30%(A) Wholesale
5,824 6.66%(B) 4,499 5.72%(B) ----------------- -----------------
Total selling expenses 40,670 25.48% 34,767 25.47% General &
administrative expenses 17,015 10.66% 14,689 10.76%
----------------- ----------------- Income from operations 28,938
18.13% 26,676 19.54% Interest (income) (7) 0.00% (5) 0.00% Interest
expense 4,682 2.93% 2,347 1.72% Other (income) expense (165) -0.10%
(897) -0.66% ----------------- ----------------- Income before
provision for income taxes 24,428 15.31% 25,231 18.48% Provision
for income taxes 9,527 5.97% 9,840 7.21% -----------------
----------------- Net income $ 14,901 9.34% $ 15,391 11.28%
================= ================= Basic earnings per share $ 0.37
$ 0.35 ========= ========= Diluted earnings per share $ 0.37 $ 0.35
========= ========= Weighted avg. basic shares outstanding 39,784
43,787 Weighted avg. diluted shares outstanding 40,085 44,223 Basic
EPS before Q1 Tax Adjustment Diluted EPS before Q1 Tax Adjustment
Thirty Nine Thirty Nine Weeks Weeks Ended Ended Sept 30, 2006 Oct
1, 2005 ----------------- ----------------- Sales: Retail $192,832
47.06% $159,586 43.81% Wholesale 216,936 52.94% 204,717 56.19%
----------------- ----------------- Total sales 409,768 100.00%
364,303 100.00% Cost of sales 188,032 45.89% 161,485 44.33%
----------------- ----------------- Gross profit 221,736 54.11%
202,818 55.67% Retail 98,056 50.85%(A) 86,499 54.20%(A) Wholesale
16,463 7.59%(B) 12,883 6.29%(B) ----------------- -----------------
Total selling expenses 114,519 27.95% 99,382 27.28% General &
administrative expenses 47,534 11.60% 41,964 11.52%
----------------- ----------------- Income from operations 59,683
14.57% 61,472 16.87% Interest (income) (20) 0.00% (17) 0.00%
Interest expense 11,211 2.74% 4,809 1.32% Other (income) expense
(459) -0.11% (200) -0.05% ----------------- -----------------
Income before provision for income taxes 48,951 11.95% 56,880
15.61% Provision for income taxes 16,753 4.09% 22,183 6.09%
----------------- ----------------- Net income $ 32,198 7.86% $
34,697 9.52% ================= ================= Basic earnings per
share $ 0.80 $ 0.77 ========= ========= Diluted earnings per share
$ 0.79 $ 0.76 ========= ========= Weighted avg. basic shares
outstanding 40,405 45,237 Weighted avg. diluted shares outstanding
40,737 45,709 Basic EPS before Q1 Tax Adjustment 0.74 Diluted EPS
before Q1 Tax Adjustment 0.73
----------------------------------------------------------------------
(A) Retail selling expenses as a percentage of retail sales. (B)
Wholesale selling expenses as a percentage of wholesale sales. *T
-0- *T The Yankee Candle Company, Inc. And Subsidiaries Condensed
Consolidated Balance Sheets (in thousands) ASSETS September
December 30, 31, 2006 2005 ----------- --------- (unaudited)
Current Assets: Cash and cash equivalents $9,756 $12,655 Accounts
receivable, net 67,366 42,546 Inventory 87,404 55,528 Prepaid
expenses and other current assets 12,383 9,060 Deferred tax assets
5,704 6,734 ----------- --------- Total Current Assets 182,613
126,523 Property, Plant And Equipment, net 136,859 139,089
Marketable Securities 2,194 2,223 Deferred Financing Costs 707 593
Deferred Tax Assets 69,515 73,975 Other Assets 30,560 12,731
----------- --------- Total Assets $422,448 $355,134 ===========
========= LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities:
Accounts payable $20,320 $21,068 Accrued payroll 12,928 14,319
Accrued income taxes 4,070 20,828 Other accrued liabilities 19,903
34,326 Short-term debt 40,000 - ----------- --------- Total Current
Liabilities 97,221 90,541 Deferred Compensation Obligation 2,330
2,418 Long-Term Debt 241,000 178,000 Deferred Rent 16,688 16,031
Stockholders' Equity 65,209 68,144 ----------- --------- Total
Liabilities And Stockholders' Equity $422,448 $355,134 ===========
========= *T -0- *T The Yankee Candle Company, Inc. October 25,
2006 Earnings Release Supplemental Data Quarter Year to Total Date
----------- ----------- -------- YCC Retail Stores 9 18 394
Illuminations Retail Stores 15 15 15 Total Retail Stores 24 33 409
Wholesale Customer Locations - North America 204 1,070 17,454
Wholesale Customer Locations - Europe 88 228 2,428 Square Footage -
Gross 41,841 52,930 826,362 Square Footage - Selling 28,787 37,903
642,432 Total Company Comp Sales Change % 4% 1% Wholesale Comp
Sales Change % (5) -1% -6% Retail Comp Store Sales Change % (6) 8%
7% Retail Comp Store Count (6) 349 - 349 Retail Comp Store Sales
Change %, excl. S.Deerfield (6) 9% 7% Retail Comp Store & Hub
Sales Change % (6) 10% 9% Sales per Square Foot (1) - $579 Store
Count - 351 Average store square footage, gross (2) - 2,020 Average
store square footage, selling (2) - 1,571 Gross Profit (3) Retail $
$47,782 $125,419 Retail % 66.3% 65.0% Wholesale $ $38,841 $96,317
Wholesale % 44.4% 44.4% Segment Profit (3) Retail $ $12,936 $27,363
Retail % 17.9% 14.2% Wholesale $ $33,017 $79,854 Wholesale % 37.7%
36.8% Depreciation & Amortization (3) $6,672 $19,652 Inventory
per Store $41,000 - Inventory Turns 3.7 4.1 (4) Capital
Expenditures (3) $6,976 $19,410 Shares Outstanding 39,899,962 -
Weighted avg diluted shares in EPS calculation 40,085,000
40,737,000 (1) Trailing 12 months, stores open for full 12 months,
excluding S. Deerfield Flagship Store. (2) Excludes S. Deerfield
and Williamsburg, VA Flagship stores. Includes Illuminations
stores. (3) Dollars in thousands. (4) Rolling four quarters. (5)
Excluding our Costco account, Wholesale comp sales change would be
4% for the quarter and -3% year to date. (6) Acquired stores will
be included in the comparable store sales calculation beginning
with the first full quarter following the first anniversary of the
date of the acquisition. *T
Yankee Cdle (NYSE:YCC)
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부터 5월(5) 2024 으로 6월(6) 2024
Yankee Cdle (NYSE:YCC)
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부터 6월(6) 2023 으로 6월(6) 2024