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Industry Dashboard for Dec. 26, 2013

BY HBSDEALER Staff

A mixed message appears on the residential construction and the residential sales charts. Also, gas prices are holding steady at about $3.25 a gallon.

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Yankee Candle recalls Candle Ring

BY HBSDEALER Staff

South Deerfield, Mass.-based Yankee Candle is recalling a Candle Ring – Pine Berry product. The candle rings’ synthetic foliage and berries are flammable, posing a fire hazard, according to an announcement from the Consumer Product Safety Commission.

The product was manufactured in China. No injuries or incidents were reported.

About 15,000 in United States and 2,000 in Canada were sold by Hallmark and Yankee Candle retail stores nationwide, Yankee Candle catalogs and online at Yankeecandle.com from September 2013 through October 2013 for $8 to $10.

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Fastenal says it will miss its Q4 number

BY HBSDEALER Staff

Winona, Minn.-based Fastenal Co. said it expects to miss the average analyst net earnings expectations for the fourth quarter of 2013 of $0.36 per share.

The company listed three reasons for the miss. First is weakness in the heavy manufacturing component of the business. This weakness first appeared in late 2012, and intensified in recent months, the company said.

Secondly, expansion of store headcount — from 10,143 in May to 11,421 in November — pushed employee costs higher. And thirdly, gross margin is running below expectations.

Despite these three trends, the company expects to beat its fourth-quarter net earnings of a year ago, when they were reported at $0.33 per share.

 

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