Blyth Guides FY 2012 EPS $2.28-$2.43 vs $2.47-$2.62
Blyth, Inc. (NYSE: BTH) today commented on its outlook for the year ending December 31, 2012. Reported earnings per share is expected to be $2.28 - $2.43 for the year ending December 31, 2012 compared to prior guidance of reported earnings per share of $2.47 - $2.62.
Robert B. Goergen, Blyth's Chairman of the Board and Chief Executive Officer, commented, "Our updated guidance for 2012 reflects lower sales and profits than previously anticipated, due in large part to the difficult global macroeconomic environment which continues to make forecasting the demand for discretionary consumer products challenging. Reduced consumer discretionary spending in North America and Europe is challenging for all our business units, particularly PartyLite Europe and, to a lesser extent, PartyLite North America. In addition, now that ViSalus has grown to be a substantial size business, we understand better the seasonality of weight management products, which are stronger in the first half of the year due to the post-holiday and pre-summer focus on weight management. As