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Avon Reports Lower Revenue For 3Q 2013

October 31, 2013: 12:00 AM EST
Cosmetics direct-selling company Avon Products reported total revenue declined 7 percent to $2.3 billion for the third quarter of 2013, compared with the same period in the previous year. Total units sales decreased 7 percent, while price/mix rose 6 percent during the quarter. Sales of beauty products declined 9 percent, with the number of active representatives falling 3 percent. Sales of fashion and home products declined 7 percent. Gross margin for the quarter was 62.5 percent, while operating profit was $68 million and operating margin was 2.9 percent.
"Avon Reports Third‐Quarter 2013 Results", Avon, October 31, 2013, © Avon
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