Avon Products (AVP) Tops Q2 EPS by 4c
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Avon Reports Second-Quarter 2016 Results
August 2, 2016 6:45 AM EDTNEW YORK, Aug. 2, 2016 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) today reported second-quarter 2016 results. Total revenue for Avon Products, Inc. declined 8% to $1.4 billion, but increased 4% in constant dollars1 and increased 5% in constant dollars when excluding the impact of the sale of Liz Earle2. In addition, Diluted earnings per share from continuing operations increased $0.01 per share versus the same period last year, including a negative currency impact of approximately $0.10 per share, driven by the strength of the U.S. dollar against the currencies of the countries in which the Company operates. Adjusted diluted... More
Avon Announces Cash Tender Offers
August 1, 2016 4:52 PM EDTNEW YORK, Aug. 1, 2016 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) ("we," "us," "our" or "Avon") announced today that it has commenced cash tender offers (each offer, a "Tender Offer" and, collectively, the "Tender Offers"), subject to certain terms and conditions, to purchase up to a total of $650 million aggregate principal amount of its outstanding (i) 5.750% Notes due 2018 (the "5.750% 2018 Notes"), (ii) 4.200% Notes due 2018 (the "4.200% 2018 Notes"), (iii)Â 6.500% Notes due 2019 (the"2019 Notes") and (iv) 4.600% Notes due 2020 (the "2020 Notes" and, together with the 5.750% 2018 Notes, the... More
Avon Announces Senior Secured Notes Offering
August 1, 2016 4:49 PM EDTNEW YORK, Aug. 1, 2016 /PRNewswire/ --Â Avon Products, Inc. (NYSE: AVP)(the "Company" or "Avon") announced today that Avon International Operations, Inc., Avon's wholly-owned subsidiary (the "Issuer"), intends to offer $400,000,000 in aggregate principal amount of its senior secured notes due 2022 (the "Offering"). The notes will be guaranteed by the Company and each of the Company's current and future wholly-owned domestic subsidiaries that is a guarantor under the Issuer's Revolving Credit Agreement, dated as of June 5, 2015 (as amended or supplemented, the "First Lien Revolving Credit... More
