Posted: October 30, 2014
Avon Products, Inc. reported that total revenue of $2.1 billion decreased 8% but increased 1% in constant dollars in the third quarter of 2014. Beauty sales declined 9% but increased 1% in constant dollars.
“We began the year with the expectation that the second half of 2014 would show improvement relative to the first half and Avon’s third-quarter results are consistent with modest improvement on both top and bottom line,” said Sheri McCoy, CEO, Avon Products, Inc. “We saw good results from our EMEA region, while sluggish performance in Brazil contributed to softer results in Latin America. Despite the strong headwinds in a number of markets, we continue to make progress on Avon’s turnaround journey.”
The full financials, including a breakdown by region, is available from Avon.