01.21.16
What will Avon's global view be without North America? Stay tuned. Today, Avon will discuss the short- and long-term outlook during its Investor Day, which is accessible at www.avoninvestor.com.
"Our full-year performance is expected to be in-line with our most recent outlook," said Jim Scully, EVP, COO and CFO. "We will provide full details of our fourth-quarter and full-year 2015 performance at our earnings call on February 11th, which will include the reporting of our North American business as discontinued operations caused by its anticipated separation from Avon."
In 2015, Avon made progress against its full-year objectives in-line with its previously stated outlook. Including the results of North America, Avon's full-year 2015 constant-dollar revenue is expected to be flat as compared with the prior year.
As announced on December 17, 2015, the company intends to separate its North American business. As a result, North America will be reported as discontinued operations for all periods. Excluding the results of North America, the company expects full-year 2015 results to include:
"Our full-year performance is expected to be in-line with our most recent outlook," said Jim Scully, EVP, COO and CFO. "We will provide full details of our fourth-quarter and full-year 2015 performance at our earnings call on February 11th, which will include the reporting of our North American business as discontinued operations caused by its anticipated separation from Avon."
In 2015, Avon made progress against its full-year objectives in-line with its previously stated outlook. Including the results of North America, Avon's full-year 2015 constant-dollar revenue is expected to be flat as compared with the prior year.
As announced on December 17, 2015, the company intends to separate its North American business. As a result, North America will be reported as discontinued operations for all periods. Excluding the results of North America, the company expects full-year 2015 results to include:
- Total revenue of approximately $6 billion;
- Constant dollar revenue growth of 2% (decline of 19% in reported dollars), which was negatively impacted by approximately 1 point from the Liz Earle divestiture; and
- Growth in Active Representatives of 1%.