Reno, NV -- (SBWIRE) -- 10/15/2013 -- Today reported sales and earnings for the second quarter of 2013. Net sales for the three months ended June 30, 2013 decreased approximately 32% to $211.7 million from $309.5 million for the comparable prior year period, primarily due to lower sales at ViSalus and, to a lesser extent, at PartyLite, Blyth's operating profit would have been $27.7 million last year versus $1.2 million this year. Mr. Goergen added, "We are experiencing the cost impact of investments made in ViSalus over the last twelve months combined with the effects of a decline in the number of North American Promoters.
Blyth's operating profit for the second quarter was $1.2 million this year versus $17.8 million last year, largely driven by the decline in sales.
A $17.8 drop to $1.2 – ouch!
Net Loss Attributable to Blyth, Inc. was $1.4 million for the three months ended June 30, 2013 compared to earnings of $8.0 million in the comparable prior year period.
From + $8 million to negative $1.4 million = $9.4 million concerns.
Net Loss Attributable to Blyth, Inc. Common Stockholders was $3.2 million for the three months ended June 30, 2013
Even with … On May 10, 2013, the Company completed the sale of $50 million aggregate principal amount of 6.0% Senior Notes
Common Stock Holders … still LOST $3.2 million in 3 months???
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About MXI Corp
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