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Slower Sales Growth for Blyth, Inc.

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By: TOM BRANNA

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Blyth, Inc., the leading manufacturer of candles in the U.S., reported lower than expected sales growth for the second quarter ended July 31. Sales increased 2.4% to $235.4 million and net earnings improved 10.5% to $18.1 million. For the six months, sales rose 7.6% to $510.2 million and net earnings increased 12% to $39.1 million.“We are pleased to report continued solid earnings growth for the second quarter despite the slower than expected sales growth,” said Robert B. Goergen, ch...

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