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Avon Says Total Revenue Declined Slightly In Second Quarter 2013

August 1, 2013: 12:00 AM EST
Avon Products Inc. reported total revenue decreased 2 percent to $2.5 billion in the second quarter of 2013. In terms of constant dollar, however, sales increased 2 percent, driven by an increase in average order, which resulted from inflation in Latin America. Gross margin during the quarter was 62.7 percent, while adjusted gross margin was 63.3 percent, 40 basis points higher than the same period in the previous year. Operating profit reached $202 million, while operating margin was 8.1 percent. Adjusted operating profit was $239 million, with adjusted operating margin at 9.5 percent, higher by 300 basis points than the second quarter of 2012.
"Avon Reports Second‐Quarter 2013 Results", Avon, August 01, 2013, © Avon Products, Inc.
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