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Avon Posts Weaker Sales For 3Q 2014

October 30, 2014: 12:00 AM EST
Avon reported total revenue decreased 8 percent to $2.1 billion in the third quarter of 2014, but increased 1 percent in constant dollars. Total units declined 4 percent, with price/mix rising 5 percent during the period. Sales of beauty products dropped 9 percent, while sales of fashion and home declined 11 percent, or 4 percent in constant dollars. Gross margin was 61.9 percent, while adjusted gross margin 62.0 percent, the company said. Operating profit reached $188 million, with operating margin at 8.8 percent. Adjusted operating profit was $198 million, with adjusted operating margin rising to 9.3 percent compared with the same period in the previous year.
"Avon Reports Third-Quarter 2014 Results", Avon Company, October 30, 2014, © Avon Products, Inc
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