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Blyth, Inc. Reports 4Q and Full Year Sales and Earnings

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By: TOM BRANNA

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Blyth, Inc. reported that net sales for the fourth quarter ended January 31, 2006 declined 3.6% to $480.6 million compared to $498.8 million a year earlier. Fourth quarter net sales were approximately even with last year, excluding the adverse impact of foreign currency movement. Operating loss for the quarter was $6.7 million compared to operating income of $65.0 million for the prior year period. This reflects a one-time non-cash goodwill impairment charge of $53.3 million pre-tax ($0.94 pe...

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