Breaking News

Third Quarter Slow at Avon

October 31, 2013

Beauty sales down 9%, total revenue falls 7%.

Avon Products, Inc. reported slow third-quarter 2013 results, as total revenue fell 7% to $2.3 billion.
 
Total units decreased 7% and price/mix was up 6% during the quarter. Active representatives were down 3%.Beauty sales declined 9% for the quarter.
 
"The third quarter was tough. Our quarterly performance was negatively impacted by macroeconomic headwinds and continued weakness in some parts of our business, particularly North America," said Sheri McCoy, chief executive officer of Avon Products, Inc.  "However, overall, Avon is headed in the right direction, parts of our business are stabilizing, and we are making progress toward our three-year financial goals."       
 

blog comments powered by Disqus
  • Innovation On Display

    Melissa Meisel, Associate Editor||February 3, 2016
    P&G Beauty Digital Studio showcases new products for 2016

  • Crowning Glory

    Crowning Glory

    Christine Esposito , Associate Editor||February 3, 2016
    Celebrity stylists and experts from leading hair care brands talk about the ingredients and formats driving the styling sector.

  • Electric Slide

    Electric Slide

    Melissa Meisel, Associate Editor||February 3, 2016
    Skin care devices bring anti-aging to the next level