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July 23, 2003
By: TOM BRANNA
Editor
Avon Products, Inc., New York, announced a second quarter earnings increase of 11% from last year’s second quarter and ahead of the guidance of mid-single-digit earnings growth provided by the company in June.Avon’s sales in the second quarter increased 8% to $1.64 billion, versus $1.51 billion in the year-ago period. Avon estimates that the impact of SARS, mainly in China and Taiwan, reduced second quarter consolidated sales growth by approximately 1%. The company expects no signifi...
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