Subscribe to: Magazine Email Newsletter RSS Feed LinkedIn Twitter

IN THE NEWS
  Print   

Second Quarter Looking Good at Avon

2008-07-30 | 11:10

Total revenue up 17%, beauty sales jump 19%

Avon Products, Inc. reported that second-quarter 2008 total revenue grew 17% to $2.7 billion. Sales of beauty products rose 19%. Active representatives increased 7%, and units sold were up 5% versus the prior-year quarter. According to the company, all six operating regions contributed to the growth in each of these measures.

Operating profit doubled to $374 million from $187 million, while  net income leaped 60% to $236 million.

The company's 19% growth in beauty sales included increases in all categories: color was up 26%, fragrance grew 17%, skin care increased 15% and personal care rose 17%.

Beauty sales benefited in part from a year-over-year 10% increase in advertising expense to $103 million, according to the company. Advertising supported the launch of new products, such as Pro-to-Go Lipstick and Anew Ultimate Eye Contouring System as well as representative recruitment advertising in priority markets. Additionally, 2008's second quarter included an incremental $16 million of costs for initiatives to improve the Representative Value Proposition (RVP).

Search the Buyer's Guide for a company:

Search the Buyer's Guide for a category:

Search the Buyer's Guide for a term:

This will search both companies and categories


Please visit our Sister Sites:

    

Copyright © 2010 Rodman Publishing / HAPPI. All Rights Reserved. All rights reserved. Use of this constitutes acceptance of our Privacy Policy
The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Publishing / HAPPI.