Blyth, Inc. Reports Q2 Sales and Earnings

Blyth, Inc. BTH, today reported that Net Sales for the second quarter ended July 31, 2010 declined approximately 9% to $180.6 million from $199.4 million for the prior year period. Sales declined 8% on a local currency basis. International sales represented 39% of total sales in the second quarter both this year and last year. Operating Profit for the second quarter was $4.1 million this year versus an operating loss of $14.6 million last year. Net Earnings attributable to Blyth, Inc. common shareholders for the second quarter were $0.7 million compared to a loss of $15.6 million for the prior year. Diluted Earnings Per Share for the second quarter were $0.09 compared to a loss of $1.74 last year.