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Second Quarter Looking Good at Avon

Total revenue up 17%, beauty sales jump 19%

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By: TOM BRANNA

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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 incr...

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