Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue August 2014
 •  Arden's Sales Drop 13.4%  •  Dollar Store Wars  •  New Drakkar Hits Counters This Month  •  Morinda Expands With Therapy Gel  •  China Glaze Revamps Website
Print

Avon Forecasts



Published November 14, 2005
Related Searches: executives active international chief
Post a comment
Executives at Avon, New York, NY, predicted a better-than-expected performance in its international regions with first-quarter earnings of $0.41 a share, up a penny from the company’s prior guidance and an analysts’ consensus estimate provided by Thomson First Call. In a statement, Avon executives forecast a first quarter sales increase of 11-12% in local currency, or 6-7% in U.S. dollars, driven by double-digit gains in units and the number of active representatives.
In the year-ago first quarter, the company earned $0.40 a share, on sales of $1.37 billion.
“Europe again is delivering stellar results, with dollar-denominated sales and operating profit forecast to increase in the range of 35-50% respectively,” commented chairman and chief executive officer Andrea Jung.



blog comments powered by Disqus