Company News, Financial News

Avon’s Sales Slide in Q3

McCoy says currency and other macro pressures impacted results.

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By: Christine Esposito

Editor-in-Chief

Avon Products' total revenues in the third quarter declined 22% to $1.7 billion and declined 2% in constant dollars, according to numbers released this morning. Certain tax items in Brazil and the divestiture of Liz Earle impacted the year-over-year comparison in the third quarter, according to the direct seller. Excluding the impacts of these items, constant-dollar revenue would have grown approximately 3%, the company said.   “This was a difficult quarter impacted by currency and ot...

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