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Avon Products, Inc. reported that its fourth-quarter 2007 total revenue grew 17% to $3.1 billion.
February 5, 2008
By: TOM BRANNA
Editor
Avon Products, Inc. reported that its fourth-quarter 2007 total revenue grew 17% to $3.1 billion. All six operating regions contributed to the company’s revenue growth. Sales of beauty products rose 20% and active representatives increased 11%. Units sold were up 8% versus the prior-year quarter. However, net income dropped in the fourth quarter 2007 at $129 million—compared with $184 million in the year-ago quarter. Fourth-quarter operating profit of $225 million decreased 21% from 200...
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