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Dollar General is smokin’ in the second quarter
GOODLETTSVILLE, Tenn. — Dollar General reported record sales, operating profit and net income for its second quarter ended Aug. 2, driven, in part, by the company’s newly introduced tobacco products and strong sales of perishables and candy and snacks.
The company’s net income increased 15% to $245 million in the quarter, from $214 million in the year-ago quarter, and earnings per diluted share of $0.75 in the quarter increased 17% over EPS of $0.64 in the year-ago quarter.
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Yankee Candle now part of Jarden brand portfolio
Global consumer products company Jarden Corp. agreed to acquire Yankee Candle for $1.75 billion in cash from its private equity owner Madison Dearborn Partners.
Jarden offers more than 120 well known brands in three major categories – outdoor solutions, consumer solution and branded consumables – but Yankee Candle will instantly become one of, if not the most, recognizable brand in the lineup. Yankee Candle brand products are sold in roughly 35,000 retail locations in North America.