By  on May 1, 2007

Avon Products' turnaround plan is firing on all cylinders, according to chairman and chief executive officer Andrea Jung.

For the first-quarter ended March 31, Avon’s net income soared to $150 million, or 34 cents a diluted share, from $56.2 million, or 12 cents, in the year-ago period. Like last quarter, accelerated advertising spending fueled revenue growth of 9 percent to $2.19 billion from $2.0 billion, with all six of the direct seller’s operating regions contributing to the growth.

Operating profit nearly tripled to $237.8 million from $86.2 million.


For complete coverage, see tomorrow's issue of WWD.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus