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Avon’s Beauty Product Sales Soar 15% in Q3

November 17, 2008

Avon Products’ profit in the third quarter rose 60% to $222.6 million, boosted by strong foreign sales, demand for new products and a tax benefit. Sales of beauty products rose 15%. The company’s 15% growth in beauty sales included increases in all categories: color was up 19%, fragrance grew 18%, skin care increased 9% and personal care rose 13%.

Active representatives increased 5%. Revenues benefited 7% from pricing and mix, and units sold decreased 1% versus the prior-year quarter, according to the company. Total revenue rose 13% to $2.64 billion, partly because of higher prices and 15% growth in sales of beauty products. More info: www.avon.com
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