Edition:
United States

Avon Products Inc (AVP)

AVP on New York Consolidated

2.31USD
18 Oct 2017
Change (% chg)

$-0.02 (-0.86%)
Prev Close
$2.33
Open
$2.34
Day's High
$2.37
Day's Low
$2.30
Volume
1,924,094
Avg. Vol
5,543,768
52-wk High
$6.96
52-wk Low
$2.24

Latest Key Developments (Source: Significant Developments)

Avon reports Q2 loss per share $0.12 from continuing operations
Thursday, 3 Aug 2017 06:45am EDT 

Aug 3 (Reuters) - Avon Products Inc :Avon reports second-quarter 2017 results.Q2 adjusted loss per share $0.03 from continuing operations.Q2 loss per share $0.12 from continuing operations.Q2 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.Q2 revenue $1.4 billion.Qtrly South Latin America revenue was up 4 pct.Qtrly Brazil revenue was up 7 pct, or down 2 pct in constant dollars.‍Foreign currency favorably impacted both diluted loss per share and adjusted diluted loss per share by an estimated $0.02 per share​ in quarter.Qtrly North Latin America revenue was down 7 pct.‍On track to achieve its 2017 cost savings target of $230 million​.Expects plan to deliver on long-term goals of mid-single-digit constant-dollar revenue growth, low double-digit operating margin.‍For full-year 2017, company expects constant-dollar revenue growth in low single-digits​.Sees ‍FY adjusted operating margin expansion of 100 to 140 bps over prior year and free cash flow to be slightly positive​.  Full Article

Avon Products says ‍sheri McCoy will step down as CEO
Thursday, 3 Aug 2017 06:44am EDT 

Aug 3 (Reuters) - Avon Products Inc ::Avon Products, Inc. Announces CEO transition plan.Avon Products Inc - ‍sheri McCoy will step down as chief executive officer and as a director on March 31, 2018​.Avon Products Inc - ‍ Sheri McCoy will step down as chief executive officer and as a director on March 31, 2018​.Avon Products Inc - ‍board has retained Heidrick & struggles to assist in identifying McCoy's successor​.  Full Article

Avon Products appoints Jonathan Myers chief operating officer
Tuesday, 20 Jun 2017 04:01pm EDT 

June 20 (Reuters) - Avon Products Inc -:Avon Products, Inc. appoints Jonathan Myers as chief operating officer.Avon Products Inc says ‍most recently, Jonathan served as kellogg's vice president, western european markets, and managing director, uk and ireland​.Avon Products Inc - James Scully, Avon's current executive vice president and chief operating officer, will be leaving company on october 1, 2017.Avon Products - Fernando Acosta, Avon's executive vice president and chief marketing and social selling officer, will be leaving co, Nov 1st 2017.  Full Article

Barington Capital calls on Avon Products to begin search for new CEO
Thursday, 4 May 2017 05:32pm EDT 

May 4 (Reuters) - :Barington Capital Group calls on Avon Products board to begin a search for a new CEO.  Full Article

Avon Q1 adjusted loss per share $0.07
Thursday, 4 May 2017 06:45am EDT 

May 4 (Reuters) - Avon Products Inc ::Avon reports first-quarter 2017 results.Q1 adjusted loss per share $0.07 from continuing operations.Q1 loss per share $0.10 from continuing operations.Q1 earnings per share view $0.01 -- Thomson Reuters I/B/E/S.Q1 revenue $1.3 billion.Q1 revenue view $1.34 billion -- Thomson Reuters I/B/E/S.Qtrly North Latin America revenue was down 6 pct, or up 2 pct in constant dollars, benefiting from higher average order.Says for full-year 2017, including impact of q1, company expects constant-dollar revenue growth in low single-digits.Avon Products Inc - company is on track to achieve its 2017 cost savings target of $230 million.Qtrly south latin america revenue was up 17 pct, or 2 pct in constant dollars.Avon Products Inc- not able to provide a reconciliation of non-gaap financial measures to gaap because certain items that impact these measures.Avon Products Inc - company expects to increase capital expenditures by approximately $65 million in 2017.Avon Products Inc- during q1 of 2017 recorded costs to implement restructuring within operating profit of approximately $10 million before tax.  Full Article

Avon Products CFO to receive an annual base salary of 550,000 GBP - SEC Filing
Thursday, 1 Dec 2016 07:14am EST 

Avon Products Inc:Avon Products Inc - CFO James Wilson to receive an annual base salary of 550,000 GBP - SEC Filing.  Full Article

Avon Products appoints Jamie Wilson as CFO
Thursday, 1 Dec 2016 06:40am EST 

Avon Products: Jamie Wilson named CFO of Avon Products Inc; James Scully to continue as COO . Avon Products Inc - company's United Kingdom-based corporate headquarters to be fully operational in January 2017 . Wilson will be responsible for all finance functions and will report directly to Avon's chief executive officer, Sheri McCoy . Avon Products Inc says Jamie Wilson succeeds James Scully .Avon Products Inc - prior to joining AVON, Wilson served as CFO of Sabmiller.  Full Article

Avon Products files for offering of Series C preferred stock up to $435 mln
Tuesday, 11 Oct 2016 06:52am EDT 

Avon Products Inc : Files for secondary offering of Series C preferred stock up to $435 million by selling securityholders . In addition, files for secondary offering of common stock up to $147.1 million by selling securityholders .In addition, files for secondary offering Series D preferred stock up to $142.8 million by selling securityholders.  Full Article

Avon Products closes senior secured notes offering
Monday, 15 Aug 2016 05:31pm EDT 

Avon Products Inc :Avon announces closing of senior secured notes offering.  Full Article

Avon reports second-quarter 2016 results
Tuesday, 2 Aug 2016 06:45am EDT 

Avon Reports Second : Q2 adjusted earnings per share $0.07 from continuing operations . Q2 revenue fell 8 percent to $1.4 billion . Q2 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . Quarter 2016 results . Q2 loss per share $0.01 . Q2 earnings per share $0.07 from continuing operations . Says company has identified additional savings, within supply chain and sourcing . Qtrly U.K. Revenue was down 7%, or was relatively unchanged in constant dollars .Says company has identified targeted $70 million of savings to be realized in 2016.  Full Article

Hack of Wall St regulator rattles investors, lawmakers

WASHINGTON Wall Street's top regulator came under fire on Thursday over its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading.