Financial News

Avon’s Q3 Slips 2%

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By: TOM BRANNA

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Total third quarter 2016 revenue for Avon Products, Inc. declined 2% to $1.4 billion, but increased 4% in constant dollars. CEO Sheri McCoy said the company’s turnaround plans are working. “Avon’s third-quarter results reflect broad-based performance improvements resulting in local currency sales growth across our top markets and significant operating margin expansion versus the prior year,” said McCoy. “We have also taken actions to significantly improve our balance sheet and have accelera...

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