Blyth returns to profit in 2Q on ViSalus strength
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GREENWICH, Conn. - Blyth Inc. returned to a profit in its second quarter as revenue jumped because customers snapped up health-related products from its ViSalus business.The company, which sells home accessories and personal health products through house parties, by catalog and online, boosted its full-year earnings outlook due to the strength of ViSalus weight-loss and nutritional supplement business. Its stock gained more than 12 percent in morning trading Friday.Blyth said that customers clamored for its products during the April through June period because they wanted to prepare their bodies for the summer.The company earned $8.1 million, or 46 cents
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- People:
- Blyth Inc.
- Robert Goergen
- Places:
- Europe
- Greenwich, Conn.
- U.S.
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