Avon’s first-quarter profits declined as a result of restructuring costs and a devaluation of Venezuela’s currency. Still, the company reported a double-digit increase in sales. Net profits attributable to the direct beauty merchant plunged 64% to $42.5 million. However, revenues for the three months ended March 31 rose 13.9 percent to $2.49 billion from $2.19 billion. “We are pleased with the continued top-line momentum across most of our regions in the quarter, supported by our continuing in...