News Source: Npros.com
"Blyth, Inc., parent company of Partylite, attributes their expected increase in sales to the PartyLite division. The company has seen net sales rise by 3% in the past year.
...Shares of Blyth, Inc. soared on Friday after the company reported better-than-expected fourth-quarter results and gave a stronger than expected full-year view.
The home-fragrance and design store projected fiscal 2011 earnings in the range of $3.20 and $3.50 a share, easily topping analyst projections for full-year earnings of $2.25 a share. The company cited its expectations for high sales from its PartyLite division, as well as margin improvement in the Miles Kimball Co. and cost reductions associated with the merger of Midwest-CBK...
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