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Blyth’s Profit Hurt by Soft Wholesale Market

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By: TOM BRANNA

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Blyth, Inc., Greenwich, CT, reported lower quarterly profit for the year ended July 31 and cut its outlookfor the current fiscal year. The company reported net earnings of $9.4 million, down from $11.2 milliona year earlier. Sales rose about 5% to $289.1 million.“The North American wholesale environment has deteriorated materially since the beginning of theyear,” said Robert Goeren, chairman, in a statement. “The significant decline in holiday shipmentsduring the second quarter...

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