Executives at Greenwich, CT-based Blyth Inc. said fourth quarter net sales increased 5% to $380.5 million, versus sales of $362.3 million a year earlier. Operating profit grew 51% to $39 million from $25.9 million in the prior-year period, while net earnings for the quarter were $22.9 million versus $13.6 million a year earlier, an increase of 69%.
Net sales for the fiscal year ended Jan. 31 grew 9% to nearly $1.3 billion, compared to $1.17 billion a year ago. Operating profit for the 12-month period was $155.5 million, versus $120.5 million a year earlier, a 29% increase. Net earnings for fiscal 2003 were up 25% to $85.0 million, compared to $68.0 million the prior year.
Fourth quarter net sales in Blyth’s candles and home fragrance products businesses were $347.1 million, compared to $342.1 million in the prior year period. For the full year, net sales in the category were $1.08 billion, compared to $1.04 billion in the prior year.