Company News

Exchange Rates Hurt Blyth’s Results

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By: TOM BRANNA

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Blyth, Inc., Greenwich, CT, a global leader in home fragrance products, today re-affirmed management’s expectation of double-digit underlying growth for the remainder of the fiscal year, following the posting of record third quarter results. In the absence of a deterioration in the values of the euro and pound sterling, the company would have anticipated sales growth of 11-12% and EPS growth of 12-16% in the fourth fiscal quarter. As a result of the deterioration of such currencies, the co...

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