Avon Products, Inc. the direct seller of beauty and related products has announced its results for the quarter ended June 30, 2017.
“Second-quarter performance fell below our expectations as we cycled a strong quarter last year. As previously guided, we expect the second half to yield a stronger performance based on our exciting product innovation plans and other initiatives to increase Representative activity,” said Sheri McCoy, chief executive officer, Avon Products, Inc. “We continue to implement the strategies defined in our transformation plan to better meet the needs of our representatives and continue progress towards delivering sustainable profitable growth in the longer term.”
Revenue for the period had decreased 3 per cent to $1.4 Billion, and by 4 per cent in constant dollars. The company says it is on track to achieve its 2017 cost savings target of $230 million.
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