Jarden Net Drops 14.5 Percent As Sales Jump 22 Percent

RYE, N.Y.--Net income for Jarden Corp. dropped 14.5 percent in the second quarter, to $38.4 million.

The company's bottom line suffered in spite of a 22 percent gain in second-quarter net sales, which totaled $1.5 billion. Selling, general and administrative expenses rose 14 percent in the quarter, and gross margin dropped 147 basis points to 26.6 percent.

Focusing on the positives from the quarter, Martin Franklin, Jarden's chairman and chief executive officer, said the gain in sales included "organic growth" of 8.7 percent. "For the second consecutive quarter, each segment produced year-over-year organic growth," Franklin said. He added that these increases occurred thanks to "shelf-space gains and strong sell-through on the back of a record level of new product introductions."

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.


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 May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money