Breaking News

Avon Forecasts

November 14, 2005

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
  • What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 24, 2016
    Euromonitor weighs in on the implications for consumer product companies.

  • Henkel Grabs the Sun

    Henkel Grabs the Sun

    Ian Bell, Euromonitor International||June 24, 2016
    Euromonitor's Ian Bell on the impact the purchase will have on the US detergent industry.

  • To The Max

    To The Max

    Melissa Meisel, Associate Editor||June 20, 2016
    Velvet 59 is on the rise at locations like Ricky’s NYC.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.