Breaking News

Blyth's Profit Hurt by Soft Wholesale Market

August 25, 2004

Blyth, Inc., Greenwich, CT, reported lower quarterly profit for the year ended July 31 and cut its outlookfor the current fiscal year. The company reported net earnings of $9.4 million, down from $11.2 milliona year earlier. Sales rose about 5% to $289.1 million.

"The North American wholesale environment has deteriorated materially since the beginning of theyear," said Robert Goeren, chairman, in a statement. "The significant decline in holiday shipmentsduring the second quarter vs. our historical norm highlights the reduced confidence levels in the retailindustry as a whole."

He added, "With the additional obstacle of energy price increases since the beginning of the year,growth in the wholesale segment will be difficult to achieve in fiscal 2005."

Blyth's outlook for the 2005 fiscal year is now $2.30-2.40 a share, compared with the company'sprevious forecast of $2.35-2.45 a share.
  • The Good, The Bad Can Get Ugly

    The Good, The Bad Can Get Ugly

    March 28, 2017
    If you are what you eat, you may really be in trouble!

  • It’s Magic!

    It’s Magic!

    Melissa Meisel, Associate Editor||March 20, 2017
    Argan oil-infused ‘Moroccan’ lip care brand jumps from WholeFoods into CVS.

  • On the Cutler Edge

    On the Cutler Edge

    Melissa Meisel, Associate Editor||March 13, 2017
    Top brand source at Redken forecasts up-to-the-minute hair trends.

  • Supply-Side Innovations

    Supply-Side Innovations

    Tom Branna, Editorial Director||March 1, 2017
    Raw material suppliers roll up their sleeves and roll out their new products for the global cleaning industry.

  • New Faces in Familiar Places

    New Faces in Familiar Places

    Tom Branna, Editorial Director||March 1, 2017
    The American Cleaning Institute officially welcomed its new president.

  • Special Delivery

    Special Delivery

    Tom Branna, Editorial Director||March 1, 2017
    UV protection is important, but what good is that sunscreen if consumers won’t apply it?