Blyth 2Q Profit Declines
Blyth Inc. said its second-quarter profit fell 56%, hurt by competition in direct sales at home, sluggish independent wholesale sales overseas and higher commodity costs. Blyth reported earnings of $4.2 million compared with $9.4 million in the prior-year period. Sales edged up 1% to $292.2 million from $289.1 million a year ago.
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