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US consumer in good shape, and here’s why: Jarden CEO

U.S. consumers are in very in good shape, Jarden's CEO said.

James Lillie told CNBC's "Squawk on the Street" on Wednesday. Lillie said this is due to the recent drop in oil prices, low unemployment and relatively high 401K balances.

Both U.S. and Brent crude traded down about 2 percent Wednesday morning at $52 and $61 a barrel, respectively. The Bureau of Labor Statistics reported this month that the U.S. unemployment rate for January was 5.7 percent, up 0.1 percent from December 2014.

"We saw consumers out and about buying products, and it wasn't because we were having sales," he said. The consumer discretionary company, whose portfolio includes Yankee Candle candles, Mr. Coffee machines and a slew of other products, saw fourth-quarter organic growth of 12 percent, Lillie added.

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Lillie also said he believes the company can continue its current momentum throughout 2015. "We've got a lot of growth planned for the back half of the year. … We think the momentum can continue." The company's stock hit an all-time high Wednesday when it hit $53.03 a share.

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James Lillie
Scott Eells | Bloomberg | Getty Images
James Lillie

CORRECTION: This version corrected the description of Mr. Coffee.