Blyth Increases 2012 Earnings Guidance; $3.00-3.15, had seen $2.75-2.88
Blyth, Inc. (NYSE: BTH) today commented on its outlook for the year ending December 31, 2012. Normalized earnings per share is expected to be $3.00 - $3.15 for the year ending December 31, 2012 compared to prior guidance of normalized earnings per share of $2.75 - $2.88. This increase is due to growth at ViSalus™. Prior guidance has been revised to reflect the Company's two-for-one stock split effective June 15, 2012.
Reported earnings per share is anticipated to be in the range of $2.47 to $2.62 and includes charges of $0.43 for the ViSalus equity incentive plan and $0.10 for restructuring related to PartyLite's North American operations. Prior reported earnings per share guidance of $2.45 - $2.58 included charges of $0.18 for the ViSalus equity incentive plan and $0.12 for restructuring related to PartyLite's North American operations. The increase in the ViSalus equity incentive plan charge in the updated guidance relates to higher earnings projected for ViSalus.
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