latest news releases from the newsroom
Blyth, Inc. Comments On Fiscal Year 2008 Outlook
GREENWICH, Conn., May 31, 2007 (PRIME NEWSWIRE) -- Blyth, Inc. (NYSE:BTH), a leading multi-channel designer and marketer of home fragrance products, home decor products and household convenience items, today updated its outlook for fiscal year 2008. Management's previous guidance of $1.07 to $1.17 anticipated that the Company's North American mass channel home fragrance business, Blyth HomeScents International (BHI), would be an ongoing operation. As this business was sold at the end of the first quarter, the Company's updated guidance reflects the sale and associated restructuring and impairment charges that are anticipated in the remainder of fiscal year 2008.
SPAR Group, Inc.
SPAR Group Names New Chief Executive Officer
TARRYTOWN, N.Y., May 31, 2007 (PRIME NEWSWIRE) -- SPAR Group, Inc. (Nasdaq:SGRP) today announced that Gary S. Raymond has been named its chief executive officer and president, bringing to the company several decades of senior management, marketing and sales experience. Raymond also was named to the company's board of directors in an expansion of the board to eight members.
Blyth, Inc. Reports 1st Quarter Sales and Earnings
GREENWICH, Conn., May 31, 2007 (PRIME NEWSWIRE) -- Blyth, Inc. (NYSE:BTH), a leading multi-channel designer and marketer of home fragrance products, home decor products and household convenience items, today reported that Net Sales for the first quarter ended April 30, 2007 declined approximately 3% to $270.4 million compared to $280.2 million for the prior year period. First quarter sales growth in PartyLite's international markets was offset by lower sales in PartyLite's U.S. market. In addition, sales growth in the Catalog & Internet segment partially offset lower sales in the Company's Wholesale segment. Foreign exchange had a 2 percentage point favorable impact on first quarter Net Sales. International sales represented 32% of total sales in the first quarter this year and 27% last year, reflecting strong growth overall in PartyLite's international markets.