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Below expectations, but company is optimistic.
December 3, 2010
By: TOM BRANNA
Editor
Blyth, Inc. reported that net sales for the third quarter ended Oct. 31, 2010 declined approximately 3% to $215.5 million.According to the company, sales growth in ViSalus Sciences and in the Midwest-CBK business was more than offset by lower sales volume in PartyLite, in the Catalog and Internet segment. However, operating profit for the third quarter increased 9% to $5.7 million. Commenting on the company’s financial results, Robert B. Goergen, Blyth’s chairman of the board ...
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