Company News, Financial News

Avon’s 2013 Results Not So Pretty

McCoy says execution and macro-economic factors impacted second half of the year.

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By: Christine Esposito

Editor-in-Chief

The fourth quarter and full year 2013 results are in for Avon Products. Total revenue was $10.0 billion, a drop of 6%, or 1% in constant dollars, according to the direct-seller, with total units down 5% and price/mix up 4%. Total beauty sales fell 7%, or 2% in constant dollars   “Looking back at 2013, we made progress addressing tough legacy issues, identifying and beginning to resolve operational challenges, and rebuilding our management team.  Although the second half of the year was im...

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