IN THE NEWS
Avon Reports Second-Quarter Beauty Sales Grow 14%
2007-07-31 | 08:44
Avon Products, Inc. reported that second-quarter 2007 total revenue grew 12% year over year to $2.3 billion.
Avon Products, Inc. reported that second-quarter 2007 total revenue grew 12% year over year to $2.3 billion. Sales of beauty products rose 14%, per the report.
However, net income in the second quarter 2007 was $113 million, compared with $151 million in the year-ago quarter.
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.
In the second quarter, the company increased advertising 74% to $93 million, compared with the same period a year ago. Avon rolled out its “Hello Tomorrow” advertising campaign including: promotion of Avon’s flagship Avon Color cosmetics, specifically, Ultra Color Rich Lipstick and Anew Retroactive anti-aging skin care products.
However, net income in the second quarter 2007 was $113 million, compared with $151 million in the year-ago quarter.
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.
In the second quarter, the company increased advertising 74% to $93 million, compared with the same period a year ago. Avon rolled out its “Hello Tomorrow” advertising campaign including: promotion of Avon’s flagship Avon Color cosmetics, specifically, Ultra Color Rich Lipstick and Anew Retroactive anti-aging skin care products.


































