Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue August 2014
 •  Innovations in Dermatological Sciences  •  Maybelline Teams Up With Made  •  Purell on Campus  •  The Next Multifunctional Ingredient  •  Urban Decay Adds On To ‘Naked’ Empire
Print

Blyth’s Third Quarter Profit Falls 13%



Published November 22, 2005
Related Searches: share continue men quarter
Post a comment
Greenwich, CT-based Blyth, Inc. announced a 13% drop in third quarter profits. The company blamed a weak retail environment.
Quarterly earnings were $30 million, compared to $34.8 million in the year-earlier period. Net sales were $439.4 million, a 2% increase from a year earlier. Sales rose 2% in the wholesale segment, impacted by the April divestiture of Jeanmarie Creations. Direct sales fell 9% to $156.1 million. Catalog and internet sales rose 50% to $54.1 million. In anticipation of continued softness, Blyth lowered its fiscal 2005 earnings expectations to $2.05-2.15 a share, down from the previous forecast of $2.30-2.40.


blog comments powered by Disqus