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Avon Products Inc (AVP.N)

AVP.N on New York Stock Exchange

2.61USD
15 Feb 2019
Change (% chg)

$0.03 (+1.16%)
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Latest Key Developments (Source: Significant Developments)

Avon Reports Fourth-Quarter And Full-Year 2018 Results
Thursday, 14 Feb 2019 06:45am EST 

Feb 14 (Reuters) - Avon Products Inc ::AVON REPORTS FOURTH-QUARTER AND FULL-YEAR 2018 RESULTS.Q4 EARNINGS PER SHARE $0.07.Q4 SAME STORE SALES FELL 1 PERCENT.Q4 EARNINGS PER SHARE ESTIMATE $0.07 -- REFINITIV IBES DATA.QTRLY ADJUSTED EARNINGS PER SHARE $0.07.IN Q4, REPAID AN ADDITIONAL $50 MILLION OF DEBT WHICH BROUGHT TOTAL FISCAL 2018 DEBT REDUCTION TO ABOUT $300 MILLION.QTRLY SOUTH LATIN AMERICA REVENUE $488.3 MILLION, DOWN 15 PERCENT.ENTERED INTO A NEW 3-YEAR, EUR 200 MILLION SENIOR SECURED CREDIT FACILITY, OUR FIRST EURO-DENOMINATED FACILITY.QTRLY TOTAL REVENUE $1,401.7 MILLION VERSUS $1,568.8 MILLION.QTRLY NORTH LATIN AMERICA REVENUE $199.4 MILLION, DOWN 3 PERCENT.AVON PRODUCTS - IN QUARTER COMPLETED RESTRUCTURING ACTIONS ASSOCIATED WITH COST SAVINGS PROGRAM INITIATED IN 2016.Q4 REVENUE VIEW $1.43 BILLION -- REFINITIV IBES DATA.QTRLY ACTIVE REPRESENTATIVES AND ENDING REPRESENTATIVES, BOTH FROM REPORTABLE SEGMENTS, DECLINED 6% AND 8%, RESPECTIVELY.AVON - IN Q4, RECORDED RESTRUCTURING COSTS WITHIN OPERATING PROFIT OF ABOUT $126 MILLION BEFORE TAX PRIMARILY RELATED TO OPEN UP AVON INITIATIVE.  Full Article

Avon Products Announces Steps To Improve Operational Efficiency And Reduce Portfolio Complexity
Wednesday, 30 Jan 2019 04:05pm EST 

Jan 30 (Reuters) - Avon Products Inc ::AVON PRODUCTS, INC. ANNOUNCES STEPS TO IMPROVE OPERATIONAL EFFICIENCY AND REDUCE PORTFOLIO COMPLEXITY.AVON PRODUCTS - PURSUING STRUCTURAL RESET OF INVENTORY PROCESSES, INCLUDING 15% REDUCTION IN INVENTORY LEVELS AND 25% REDUCTION IN STOCK KEEPING UNITS.AVON PRODUCTS INC - STRUCTURAL RESET OF ITS INVENTORY PROCESSES INCLUDING 10% REDUCTION IN ITS GLOBAL HEADCOUNT.AVON PRODUCTS INC - 10% REDUCTION IN GLOBAL WORKFORCE IS ON TOP OF AN 8% REDUCTION OF GLOBAL WORKFORCE COMPLETED IN 2018.AVON PRODUCTS INC - EXPECTS TO ACHIEVE ANNUALIZED PRE-TAX SAVINGS OF APPROXIMATELY $97 MILLION BY END OF 2019.AVON PRODUCTS INC - EXPECTS TO RECORD TOTAL CHARGES RELATED TO RESTRUCTURING ACTIONS OF APPROXIMATELY $100 MILLION BEFORE TAXES.  Full Article

Avon Announces Changes To Senior Management Team
Thursday, 20 Dec 2018 04:05pm EST 

Dec 20 (Reuters) - Avon Products Inc ::AVON ANNOUNCES CHANGES TO SENIOR MANAGEMENT TEAM.AVON PRODUCTS INC - VIKRAM AGARWAL NAMED SENIOR VICE PRESIDENT & CHIEF SUPPLY CHAIN OFFICER, EFFECTIVE 1 FEBRUARY 2019.AVON PRODUCTS INC - SUSAN ORMISTON, SVP HUMAN RESOURCES STEPS DOWN TO PURSUE ANOTHER OPPORTUNITY.AVON PRODUCTS INC - AGARWAL SUCCEEDS MICHAEL WATSON, WHO DECIDED TO STEP DOWN TO PURSUE OTHER PROFESSIONAL OPPORTUNITIES.  Full Article

Avon Appoints CFO To Continue Avon's Transformation
Thursday, 13 Dec 2018 06:55am EST 

Dec 13 (Reuters) - Avon Products Inc ::AVON APPOINTS CHIEF FINANCIAL OFFICER TO CONTINUE AVON'S TRANSFORMATION.AVON PRODUCTS INC - GUSTAVO ARNAL HAS BEEN APPOINTED EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, EFFECTIVE DURING SPRING 2019.AVON PRODUCTS INC - JAMIE WILSON HAS CHOSEN TO STEP DOWN FROM HIS FULL TIME EXECUTIVE ROLE.AVON PRODUCTS INC - GUSTAVO ARNAL JOINS FROM WALGREENS BOOTS ALLIANCE.  Full Article

Avon Reports Third Quarter 2018 Results
Thursday, 1 Nov 2018 06:45am EDT 

Nov 1 (Reuters) - Avon Products Inc ::AVON REPORTS THIRD-QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.00.Q3 EARNINGS PER SHARE $0.21.Q3 REVENUE ROSE 1 PERCENT TO $1.4 BILLION.Q3 EARNINGS PER SHARE VIEW $0.01 -- THOMSON REUTERS I/B/E/S.AVON PRODUCTS - QTRLY ACTIVE REPRESENTATIVES FROM REPORTABLE SEGMENTS DECLINED 5%.AVON PRODUCTS - QTRLY SOUTH LATIN AMERICA REVENUE WAS UP 9%, SIGNIFICANTLY IMPACTED BY AN IPI TAX REVERSAL IN BRAZIL.QTRLY SOUTH LATIN AMERICA REVENUE WAS UP 9%, SIGNIFICANTLY IMPACTED BY AN IPI TAX REVERSAL IN BRAZIL.QTRLY NORTH LATIN AMERICA REVENUE WAS RELATIVELY UNCHANGED, OR UP 5% IN CONSTANT DOLLARS.  Full Article

Avon Products Appoints New Chief Beauty & Brand Officer
Tuesday, 30 Oct 2018 12:02pm EDT 

Oct 30 (Reuters) - Avon Products Inc ::AVON PRODUCTS TO FOCUS ON DEVELOPING COMPELLING CONSUMER PROPOSITIONS AND CONTINUING TO REJUVENATE THE AVON BRAND WITH APPOINTMENT OF NEW CHIEF BEAUTY & BRAND OFFICER.CURRENT GVP, GLOBAL BRAND MARKETING, ALEX LONG, WILL TRANSITION TO GVP, GLOBAL COMMERCIAL MARKETING.  Full Article

Avon Products Presents Financial Initiatives And Investments At Investor Day
Friday, 21 Sep 2018 09:26am EDT 

Sept 21 (Reuters) - Avon Products Inc ::AVON PRODUCTS PRESENTS FINANCIAL INITIATIVES AND INVESTMENTS AT INVESTOR DAY.AVON PRODUCTS INC - TARGETS $400 MILLION IN COST SAVINGS BY 2021.AVON PRODUCTS INC - EXPECT TO ACHIEVE LOW-SINGLE DIGIT REVENUE GROWTH AND LOW DOUBLE-DIGIT MARGINS BY 2021.AVON PRODUCTS INC - SAVINGS TO FUND ABOUT $300 MILLION OF COMMERCIAL AND DIGITAL / IT INFRASTRUCTURE REINVESTMENTS.AVON PRODUCTS - FOLLOWING COST SAVINGS INITIATIVES, CO'S CASH GENERATION SHOULD EXCEED INVESTMENT PLANS.AVON PRODUCTS INC - DOES NOT ANTICIPATE INCREASING ITS DEBT POSITION AND WILL REMAIN FOCUSED ON REDUCING DEBT.  Full Article

Brazil's Natura Recently Approached Avon About A Takeover - WSJ
Monday, 17 Sep 2018 05:12pm EDT 

Sept 17 (Reuters) - :BRAZIL'S NATURA RECENTLY APPROACHED AVON ABOUT A TAKEOVER - WSJ, CITING SOURCES.NATURA, AVON AREN'T IN SERIOUS TALKS ABOUT TAKEOVER AND AVON, WHICH RECEIVED OTHER EXPRESSIONS OF INTEREST, IS FOCUSED ON TURNING ITSELF AROUND - WSJ.  Full Article

Avon Products Says Entered Into Nomination Agreement With Shah Capital Management, Nuorion Advisors, And Barington Capital Group, Among Others
Monday, 26 Mar 2018 05:38pm EDT 

March 26 (Reuters) - Avon Products Inc ::AVON PRODUCTS - ENTERED INTO NOMINATION AGREEMENT WITH SHAH CAPITAL MANAGEMENT, NUORION ADVISORS, AND BARINGTON CAPITAL GROUP, AMONG OTHERS.AVON PRODUCTS SAYS PURSUANT TO AGREEMENT, CO AGREED TO NOMINATE JAMES MITAROTONDA FOR ELECTION TO BOARD - SEC FILING.AVON PRODUCTS - IN CONNECTION WITH AGREEMENT, BARINGTON GROUP WITHDRAWN ITS NOTICE OF NOMINATION FOR 2018 ANNUAL MEETING.AVON PRODUCTS - UNDER TERMS OF AGREEMENT, EACH MEMBER OF BARINGTON GROUP AGREED TO ABIDE BY CERTAIN CUSTOMARY VOTING & STANDSTILL PROVISIONS.AVON PRODUCTS - AT 2018 ANNUAL MEETING BARINGTON GROUP WILL VOTE ITS SHARES OF CO'S COMMON STOCK IN FAVOR OF ELECTION OF DIRECTORS NOMINATED BY BOARD.  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

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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.