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June 6, 2013
By: TOM BRANNA
Editor
• After months—no years—of bad news, things may finally be turning around at Avon Products, Inc. The company reported a better-than-expected first-quarter results, helped by higher sales in key markets Brazil and Russia and cost cuts. Avon said that revenue in the quarter fell 3.5% to $2.48 billion, but was flat when stripping away the impact of currency fluctuations. Avon’s growth in Latin America and Eastern Europe contrasted with a poor showing in North America and in China, where sales aga...
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