Avon Products (AVP) Reports Q3 Earnings
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Avon Products, Inc. (NYSE: AVP) reports Q3 EPS of $0.36 vs. consensus of $0.40. Revenues were $2.6 million vs. $2.57 billion consensus.
Beauty sales in the third quarter of 2009 were 3% lower versus the prior-year period, but increased 8% on a local-currency basis. Active Representatives grew 10%, with growth in all regions. Units overall rose 5% versus the prior-year quarter and Beauty units increased 6%.
Avon's 8% local-currency growth in Beauty sales included gains in all categories: fragrance, color cosmetics, skin care and personal care grew 9%, 17%, 1%, and 7%, respectively. On a reported basis, these growth rates were -4%, +4%, -8% and -4%, respectively.
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