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.


  • Von Tobel Cites Brass Textures Among Top Trends

    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.