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Avon reports total beauty sales rise 7% for Q2
20 Jul '05
7 min read
Commenting on the company's revised outlook, Ms. Jung said: "They are encouraged by some recent trends in the U.S. In addition, they expect their current recovery actions to improve performances in China and Central and Eastern Europe as they move through the balance of the year.
If all of these actions and trends play out in the back half of the year, they can achieve the top end of their earnings projection. However, given the volatility we've experienced in recent quarters on a number of fronts, they believe that it is prudent to allow for further risk, thus the breadth of their forecast."
Ms. Jung added, "Looking ahead, the broad strength of Avon's global portfolio remains a significant competitive advantage and they remain confident in Avon's unique growth and transformation strategies.
Over the long term, they expect to deliver high-single-digit local-currency revenue growth, enabled by a greater step-up in strategic spending support and thoughtful trade-off between their revenue growth and margin targets, including evaluation of their enterprise expense base.
They remain confident that Avon's revenue growth will continue to well outpace the overall Beauty market, supported by appropriate levels of investment while also delivering margin expansion over the long term."
In over 100 countries, Avon is a leader in beauty and a powerhouse in direct selling. Avon is the world's leading direct seller of beauty and related products, with $7.7 billion in annual revenues. Avon markets to women around the world through 4.9 million independent sales Representatives.
Avon product lines include such recognizable brand names as Avon Color, Anew, Skin-So-Soft, Avon Solutions, Advance Techniques Hair Care, Avon Naturals, Mark, and Avon Wellness. Avon also markets an extensive line of fashion jewelry and apparel.
If all of these actions and trends play out in the back half of the year, they can achieve the top end of their earnings projection. However, given the volatility we've experienced in recent quarters on a number of fronts, they believe that it is prudent to allow for further risk, thus the breadth of their forecast."
Ms. Jung added, "Looking ahead, the broad strength of Avon's global portfolio remains a significant competitive advantage and they remain confident in Avon's unique growth and transformation strategies.
Over the long term, they expect to deliver high-single-digit local-currency revenue growth, enabled by a greater step-up in strategic spending support and thoughtful trade-off between their revenue growth and margin targets, including evaluation of their enterprise expense base.
They remain confident that Avon's revenue growth will continue to well outpace the overall Beauty market, supported by appropriate levels of investment while also delivering margin expansion over the long term."
In over 100 countries, Avon is a leader in beauty and a powerhouse in direct selling. Avon is the world's leading direct seller of beauty and related products, with $7.7 billion in annual revenues. Avon markets to women around the world through 4.9 million independent sales Representatives.
Avon product lines include such recognizable brand names as Avon Color, Anew, Skin-So-Soft, Avon Solutions, Advance Techniques Hair Care, Avon Naturals, Mark, and Avon Wellness. Avon also markets an extensive line of fashion jewelry and apparel.
Avon Products Inc
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