Blyth, Inc. increased its outlook for fiscal year 2008. Management increased its expectations for cash flow from operations to be in excess of $90 million for fiscal year 2008 versus prior guidance of cash flow from operations in excess of $85 million. Capital expenditures of approximately $12 million are also anticipated.
Commenting on the company’s full year projections, Robert B. Goergen, Blyth’s chairman and CEO, said, “We’ve made gross margin improvements over last year that we expect will help offset an ongoing soft sales environment for discretionary consumer products, as well as higher commodity costs during the fourth quarter.
“For the full year, we remain on track to deliver solid profitability improvements in spite of the aforementioned factors.”