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Avon's Q4 operating income falls 28% due to restructuring initiatives

06
Feb '06
Cosmetic Company Avon Products Inc reported that earnings in the fourth quarter 2005 were $.40 per share, compared with 2004 fourth-quarter earnings of $.61 per share.

The company said the 2005 quarter included a negative impact of $.10 per share to implement early phases of its previously announced restructuring plans.

Avon said that revenue in the fourth quarter 2005 rose 4 percent (3 percent in local currency) to $2.4 billion.

Active Representatives grew 7 percent and units increased 5 percent versus the prior year.

Total Beauty sales in the quarter rose 5 percent (4 percent in local currency).

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Avon, the company for women, is a leading global beauty company, with over $8 billion in annual revenue.

As the world's largest direct seller, Avon markets to women in well over 100 countries through over five million independent Avon Sales Representatives.

Avon's product line includes beauty products, fashion jewelry and apparel, and features such well-recognized brand names as Avon Color, Anew, Skin-So-Soft, Avon Solutions, Advance Techniques, Avon Naturals, Mark, and Avon Wellness.

Avon Products Inc


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