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Avon Reports Double-Digit Sales Gain

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By: TOM BRANNA

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Avon Products reported that earnings per share increased 27% to $1.77 per share, versus $1.39 per share in 2004. Sales rose 13% in 2004, or 10% in local currencies, to a record $7.66 billion, versus $6.77 billion in 2003. Sales of beauty products grew 17%, with increases in all categories: skin care up 20%; fragrance up 13%; color cosmetics up 14%; and personal care up 24%. Active Representatives rose 11% to 4.9 million and units increased 13%. Net income in 2004 was $846.1 million, up 27% from ...

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