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Avon Products Inc (AVP.N)

AVP.N on New York Stock Exchange

3.07USD
20 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Avon Products Launches Partnership With Rappi, An On-Demand Delivery Service
Monday, 14 Jan 2019 07:30am EST 

Jan 14 (Reuters) - Avon Products Inc ::AVON LAUNCHES TWO-HOUR DELIVERY SERVICE IN BRAZIL.AVON PRODUCTS INC - HAS ANNOUNCED LAUNCH OF A NEW PARTNERSHIP WITH RAPPI, AN ON-DEMAND DELIVERY SERVICE.AVON PRODUCTS INC - PILOT IN BRAZIL AND COLOMBIA WILL PROVIDE CUSTOMERS WITH DELIVERY OF AVON COSMETICS WITHIN TWO HOURS OF PURCHASE.AVON PRODUCTS - DELIVERY SERVICE TRIAL EXPANDING TO OTHER CITIES IN LATIN AMERICA.AVON PRODUCTS INC - IN INITIAL PILOT OVER 100 PRODUCTS AVAILABLE FOR 2-HOUR DELIVERY IN SÃO PAULO IN BRAZIL, AND BOGOTÁ AND MEDELLIN IN COLOMBIA.AVON PRODUCTS - PILOT SERVICE EXPECTED TO EXPAND TO OTHER CITIES WITHIN BRAZIL AND MAJOR CITIES IN ARGENTINA, CHILE & MEXICO IN H1 2019.  Full Article

Avon Products Says Thefaceshop Co To Buy Avon Manufacturing (Guangzhou) Ltd For $71 Mln
Tuesday, 8 Jan 2019 07:16am EST 

Jan 8 (Reuters) - LG Household & Healthcare Ltd <051900.KS>::AVON PRODUCTS - THEFACESHOP CO WILL ACQUIRE ALL OF EQUITY INTERESTS IN AVON MANUFACTURING (GUANGZHOU) LTD FOR A TOTAL PURCHASE PRICE OF $71 MILLION.AVON PRODUCTS - PURCHASE PRICE INCLUDES ABOUT $22.5 MILLION IN CASH FOR REQUIRED REPAYMENT BY COMPANY OF CERTAIN OUTSTANDING INTERCOMPANY LOANS.AVON PRODUCTS INC - PURCHASE PRICE ALSO INCLUDES ABOUT AN ADDITIONAL $4.5 MILLION FOR CASH IN OPERATION.  Full Article

Avon Announces Agreement To Sell China Manufacturing Operation
Tuesday, 8 Jan 2019 06:45am EST 

Jan 8 (Reuters) - Avon Products Inc ::PRESS RELEASE - AVON ANNOUNCES AGREEMENT TO SELL CHINA MANUFACTURING OPERATION.AVON PRODUCTS INC - NET PROCEEDS TO AVON WILL BE $44 MILLION..AVON PRODUCTS INC - AVON'S ASSOCIATES AT FACILITY WILL REMAIN WITH OPERATION..AVON PRODUCTS INC - CO, THEFACESHOP CO LTD AGREED TO ENTER INTO A MANUFACTURING AND SUPPLY AGREEMENT.AVON PRODUCTS - ENTERED INTO AGREEMENT WITH THEFACESHOP UNDER WHICH THEFACESHOP WILL ACQUIRE ALL SHARES OF CO'S BEAUTY MANUFACTURING OP IN GUANGZHOU.AVON PRODUCTS - UNDER CO, THEFACESHOP'S MANUFACTURING & SUPPLY AGREEMENT, GUANGZHOU FACTORY WILL MAKE PRODUCTS FOR CO'S CHINESE BUSINESS, OTHER MARKETS.  Full Article

Avon Products To Create Leaner New York Operations
Wednesday, 19 Sep 2018 04:30pm EDT 

Sept 19 (Reuters) - Avon Products Inc ::AVON PRODUCTS, INC. TO CREATE LEANER NEW YORK OPERATIONS.AVON PRODUCTS INC - PLANNED CONSOLIDATION WILL ALSO INCLUDE WORKFORCE REDUCTIONS OF APPROXIMATELY 100 POSITIONS.AVON PRODUCTS - PLANS TO CONSOLIDATE ITS U.S. OPERATIONS INTO ITS EXISTING FACILITIES IN SUFFERN, NEW YORK.AVON PRODUCTS - PLAN TO STREAMLINE WILL INCLUDE SALE OF CO'S OFFICES IN RYE, NEW YORK, WHICH IS PROJECTED TO BE COMPLETED IN 2019.  Full Article

Natura Cosmeticos Says There Are No Talks Underway About A Possible Avon Acquisition
Monday, 17 Sep 2018 04:00pm EDT 

Sept 17 (Reuters) - Natura Cosmeticos ::SAYS THERE ARE NO TALKS UNDERWAY ABOUT A POSSIBLE AVON ACQUISITION.  Full Article

Avon Q4 Adj Diluted Earnings Per Share From Continuing Operations Of $0.12
Thursday, 15 Feb 2018 06:45am EST 

Feb 15 (Reuters) - Avon Products Inc ::AVON REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE $0.17 FROM CONTINUING OPERATIONS.Q4 REVENUE $1.6 BILLION.QTRLY ‍DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS OF $0.17​.QTRLY ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS OF $0.12.QTRLY ‍ACTIVE REPRESENTATIVES AND ENDING REPRESENTATIVES DECLINED 2% AND WERE RELATIVELY UNCHANGED, RESPECTIVELY​.AVON PRODUCTS - ‍"OUR TOP LINE REMAINS UNDER PRESSURE AS WE CONTINUE TO OPERATE IN CHALLENGING MACRO & COMPETITIVE CONDITIONS, PARTICULARLY IN OUR LARGEST MARKETS"​.AVON PRODUCTS - RECORDED $50 MILLION NET INCOME TAX BENEFIT IN QUARTER THAT INCLUDED ABOUT $30 MILLION NET BENEFIT RECOGNIZED DUE TO IMPACT OF TAX REFORM.RECORDED CTI RESTRUCTURING WITHIN OPERATING PROFIT OF APPROXIMATELY $24 MILLION BEFORE AND AFTER TAX IN QUARTER​.QTRLY SOUTH LATIN AMERICA REVENUE WAS DOWN 2%, OR 1% IN CONSTANT DOLLARS.QTRLY NORTH LATIN AMERICA REVENUE WAS RELATIVELY UNCHANGED, OR DOWN 2% IN CONSTANT DOLLARS.Q4 REVENUE VIEW $1.60 BILLION -- THOMSON REUTERS I/B/E/S.AVON PRODUCTS - BELIEVES HAS "CAPACITY" TO ACHIEVE ITS LONG-TERM GOALS OF MID SINGLE-DIGIT CONSTANT-DOLLAR REVENUE GROWTH AND LOW DOUBLE-DIGIT OPERATING MARGIN.  Full Article

Avon Products Appoints Jan Zijderveld As CEO
Monday, 5 Feb 2018 07:00am EST 

Feb 5 (Reuters) - Avon Products Inc ::AVON PRODUCTS, INC. APPOINTS JAN ZIJDERVELD AS CHIEF EXECUTIVE OFFICER.ZIJDERVELD SUCCEEDS SHERI MCCOY, WHO PREVIOUSLY ANNOUNCED INTENTION TO RETIRE FROM CO, BOARD.JAN WILL ALSO SERVE AS A MEMBER OF BOARD OF DIRECTORS..  Full Article

Avon Products Appoints Jan Zijderveld As Chief Executive Officer
Monday, 5 Feb 2018 07:00am EST 

Feb 5 (Reuters) - Avon Products Inc ::AVON PRODUCTS, INC. APPOINTS JAN ZIJDERVELD AS CHIEF EXECUTIVE OFFICER.AVON PRODUCTS INC - SUCCEEDS SHERI MCCOY, WHO PREVIOUSLY ANNOUNCED HER INTENTION TO RETIRE FROM COMPANY AND BOARD.AVON PRODUCTS INC - JAN WILL ALSO SERVE AS A MEMBER OF BOARD OF DIRECTORS..  Full Article

Avon Q3 EPS $0.01 from continuing operations
Thursday, 2 Nov 2017 06:45am EDT 

Nov 2 (Reuters) - Avon Products Inc ::Avon reports third-quarter 2017 results.Q3 adjusted earnings per share $0.03 from continuing operations.Q3 earnings per share $0.01 from continuing operations.Q3 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.Q3 revenue $1.4 billion.Q3 revenue view $1.41 billion -- Thomson Reuters I/B/E/S.Avon Products Inc qtrly ‍south latin america revenue was down 1 pct, or relatively unchanged in constant dollars​.Avon Products Inc qtrly ‍north latin america revenue was up 5 pct, or 2 pct in constant dollars​.Avon Products Inc - ‍expects to meet its 2017 cost savings target and deliver positive free cash flow for year​.Avon Products Inc - ‍"with mixed results in q3 and some positive trends, we expect to see modest improvement continue in q4"​.Avon Products-is within about $25 million of annual savings target,is over half way to total cost savings targeted for 3 year transformation plan of $350 million​.Avon Products Inc - ‍expect annual results to come in below 2017 guidance​.Avon Products -‍expects improvement in q4, with flat to slightly positive performance compared to last year in constant-dollar revenue, adjusted operating margin​.Avon Products - ‍ during Q3 of 2017, co recorded costs to implement restructuring within operating profit of approximately $6 million before and after tax​.  Full Article

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

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Avon revenue falls short on LatAm hit, dip in sales reps, shares slump

Avon Products Inc's quarterly revenue missed analysts' estimates on Thursday, hurt by a fall in the number of its sales representatives and a dip in demand for products in Latin American markets, sending its shares down as much as 19 percent.