Blyth Posts Loss In Q1 - Quick Facts

(RTTNews) - Blyth Inc. (BTH) reported a first-quarter net loss to stockholders of $3.3 million compared to income of $2.6 million last year. Loss per share was $0.20 compared to income of $0.16 per share. The company noted that this year's results include a charge of $0.5 million, or $0.03 per share, for an adjustment to the redemption value for ViSalus redeemable preferred stock.

Net loss attributable to Blyth was $2.8 million compared to income of $2.6 million, prior year. Loss per share to Blyth was $0.17 compared to profit of $0.16.

Non-GAAP normalized loss was $2.76 million or $0.17 per share, for the quarter. Net sales decreased approximately 25% to $175.7 million from $233.1 million, prior year.

Robert Goergen, Jr., CEO of the company said: "While our 1st quarter results were impacted largely by ViSalus's lower level of promoters versus the prior year, we are encouraged by the fact that the March 31st worldwide promoter count marked an increase over year-end by approximately 3%, with both our new European promoters and, more importantly North American promoters, increasing during the first quarter."