Avon Reports 14% Gain In Second Quarter Sales
Avon Products, Inc. reported that second-quarter 2007 total revenue grew 12% year over year (7% in local currency) to $2.3 billion. Sales of beauty products rose 14%, per the report. Sales of beauty products recorded double-digit growth for a fourth consecutive quarter, increasing 14%, powered by growth in all categories: fragrance up 21%, personal care up 19%, color cosmetics up 16% and skin care up 4%, says the report. The company also increased advertising 74% to $93 million.
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