Blyth, Inc., a multi-channel designer and marketer of home fragrance products, confirmed its outlook for fiscal year 2008. Management reaffirmed fiscal year 2008 guidance of earnings of $1.02-$1.12 per share, or $1.32-$1.37 per share excluding restructuring and impairment charges.

Commenting on the company’s full year projections, Robert B. Goergen, Blyth’s chairman of the board and CEO, said, “We anticipate continued gross margin improvement versus last year, which is expected to offset the effects of the soft sales environment that we may experience, as well as upward pressure on commodity costs.”

This estimate reflects charges and losses of approximately $0.25- $0.30 per share primarily related to the first quarter sale of the company’s North American mass channel candle business, Blyth HomeScents International (BHI), and the anticipated restructuring and operating losses of the remaining North American wholesale home fragrance operations, of which Blyth has recorded $0.13 during the first six months of fiscal 2008. Excluding the total anticipated restructuring and impairment charges, and including the effect of a tax provision related to unremitted foreign earnings, earnings per share are expected to be $1.32-$1.37.

Management reaffirmed its expectations for cash flow from operations to be in excess of $85 million for fiscal year 2008. Capital expenditures of approximately $13 million are also anticipated.