Jarden Net Climbs 9.4 Percent in Q3

RYE, N.Y.--Third-quarter net income for Jarden Corp. totaled $80.6 million, 9.4 percent ahead of the bottom line in last year's third quarter.

The company accomplished this on a gain in net sales of 18.5 percent, to $1.6 billion. Martin Franklin, Jarden's chairman and chief executive officer, said the sales pickup was led by a "solid performance" from both the company's Consumer Solutions segment (which includes its housewares offerings) and its Outdoor Solutions business.

Jarden's gross margin in the quarter fell 78 basis points to 28.6 percent, and selling, general and administrative expenses rose 18.3 percent. Franklin said based on the third-quarter results, Jarden should see a sales gain for all of 2010 of 3 to 5 percent. "At the same time," he added, "we are focusing on enhancing our margins through continuous operational improvement initiatives, new product introductions and pricing to partially offset the cost increases experienced in 2010."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017


    September 2017


    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.