Beauty Boosters at Avon

Avon Products, Inc. reported second-quarter 2010 total revenue of $2.7 billion, 8% higher than that of second quarter 2009. Beauty sales in the second quarter of 2010 were up 9% to $1.92 billion.

Andrea Jung, chairman and chief executive officer, remarked “Avon delivered another healthy performance in the second quarter, including strong revenue growth fueled by continuing investments in our brand and our channel, in line with our long-term strategic growth plan. We are also very pleased with the improving operating margin and strong increase in earnings per share. In addition, we ended the quarter with improved operating cash flow resulting from our ongoing efforts in this area.”

Avon’s beauty sales growth of 9% included gains in all categories: fragrance, color cosmetics, skin care and personal care grew 16%, 12%, 4% and 3%, respectively.