Strong 3Q for Blyth
Staff -- Gifts & Decorative Accessories, 1/1/2001
Greenwich, CT-Blyth Inc. reported that third quarter net sales increased by 7.5 percent to more than $316.5 million, compared with $294 million a year earlier. Net earnings for the quarter increased to nearly $30.4 million from $29.9 million in the previous year. Diluted net earnings per share for the third quarter were 64¢ per share, up 4.9 percent from 61¢ last year. Growth was led by the Colonial Candle of Cape Cod brand, along with its sub-brand, Colonial at Home. Blyth products are sold in the United States under various brand names, including Partylite, Kate's Original Recipe, Carolina Designs, Ambria, Florasense, Jeanmarie, and Filtermate; and in Europe under the Gies, Liljeholmens, and Colony brands.
