The Yankee Candle Co. Inc. expects to report second quarter earnings in the range of 11 to 12 cents per common share. These figures fall below the company’s previous guidance of 18 to 20 cents per share.
The South Deerfield, MA firm said its consumer direct business performed as planned for the quarter ended July 1.
Management attributed this performance partly to increased promotional spending and higher wax and shipping costs.
The company expects to report a 3% loss over last year in its wholesale division.
Yankee Candle will report its full second quarter results July 26.
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