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Blyth, Inc. Reports Record Fourth Quarter

Published March 9, 2005
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Blyth, Inc., Greenwich, CT, reported that net sales for the fourth quarter ended Jan. 31, 2005 increased approximately 3% to $498.8 million compared to $486.4 million a year earlier. Operating profit for the quarter increased to $65 million compared to $38.3 million for the prior year period. Net earnings for the quarter were $39.2 million versus $20.7 million a year earlier.

"We are pleased to report a stronger than expected finish to an otherwise challenging year," commented Robert B. Goergen, Blyth's chairman of the board and chief executive officer. "Numerous factors influenced Blyth's fourth quarter operating results and, overall, we experienced more positives than negatives during the quarter. Nevertheless, our North American businesses continued to face lower consumer and retailer demand, and management remains focused on profitable growth through increased sales volume and careful cost management."

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