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Avon Forecasts

Published November 14, 2005
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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.

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