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Rose 4% to $2.7 billion—but CEO Jung wants more.
October 28, 2010
By: TOM BRANNA
Editor
Avon Products, Inc. posted third-quarter 2010 total revenue rose 4% to $2.7 billion. Third-quarter 2010 operating profit of $260 million was flat compared with the year-ago quarter. Net income fell 7% to $167 million. However, beauty sales were up 3% versus the prior-year period. Active representatives grew 4%. Total units and Beauty units both rose 1%, and total price/mix rose 5%. Andrea Jung, chairman and chief executive officer, remarked, “Third-quarter revenues were softer than we ha...
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