Q2 Sales, Net Income Rise at Avon

Share this content:
Avon Products Inc., New York, announced yesterday that sales in the second quarter rose 8 percent to $1.64 billion from $1.51 billion in the year-ago period.


The company estimated that the effect of SARS, mainly in China and Taiwan, reduced second-quarter consolidated sales growth by about 1 percent.


Sales were driven by a 14 percent increase in beauty products and a 14 percent gain in the number of active representatives.


Also, operating profit climbed 15 percent. Net income improved 11 percent to $171.5 million in the quarter from $155 million in second-quarter 2002.


Cash flow from operations totaled $153 million, down $53 million from a year ago, due mainly to a tax payment of $48 million and a $20 million contribution to the company's U.S. pension plan in the quarter.


"Our international operations, as expected, drove results in the quarter, with sales up 12 percent and operating profits up 20 percent," chairwoman/CEO Andrea Jung said in a statement.


In the United States, sales growth accelerated to 3 percent and profit was flat with the prior year. Both results were in line with expectations.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above