Blyth, Inc. Adjusts Fiscal Year 2011 Outlook

Blyth, Inc. BTH today increased its outlook for fiscal year 2011. Earnings Per Share are expected to be in the range of $3.05 to $3.35 for fiscal year 2011 versus prior guidance of $2.90 to $3.20. Management has attributed the adjustment in its guidance to the approximately 582,000 shares that were repurchased during the second quarter. Management also updated its expectations for cash flow from operations to approximately $55 million from previous guidance of $60 million. The decline is due to an anticipated increase in working capital. Capital spending remains at approximately $10 million for fiscal year 2011.