03.14.12
Blyth, Inc. reported net sales for the three months ended December 31, 2011 increased 23% to $365.0 million versus $296.9 million for the comparable prior year period primarily due to significant year-over-year sales growth at ViSalus. International sales represented 50% of fourth quarter sales this year compared to 53% last year.
"We are very pleased with ViSalus's strong performance during the fourth quarter, during which many weight management and fitness lifestyle companies typically experience a seasonal slowdown," said Robert B. Goergen, Blyth's chairman and CEO. "ViSalus's visionary founders, their strong and growing management team, and an inspiring group of over 59,000 independent promoters and leaders together made ViSalus the health and wellness industry leader in 2011."
According to Goergen, PartyLite management continues to make progress to improve North American results despite a decline in active independent consultants versus prior year. Targeted programs in the US designed to grow the leader ranks and increase consultant earnings are showing traction and are being introduced in the Canadian market.
"Clearly we still have more to do to achieve the results we expect. PartyLite and Blyth management are fully committed to the investments needed to meet our objectives, both in North America and in our large and diverse European markets," he concluded.
According to Goergen, PartyLite management continues to make progress to improve North American results despite a decline in active independent consultants versus prior year. Targeted programs in the US designed to grow the leader ranks and increase consultant earnings are showing traction and are being introduced in the Canadian market.
"Clearly we still have more to do to achieve the results we expect. PartyLite and Blyth management are fully committed to the investments needed to meet our objectives, both in North America and in our large and diverse European markets," he concluded.