NEW YORK — Avon Products Inc. managed a 74.8 percent rise in fourth-quarter profits, with year-ago charges easing comparisions.
Net income for the quarter ended Dec. 31 rose to $193 million, or 80 cents a diluted share. This compared with profits of $110.4 million, or 46 cents, a year ago, when the firm’s bottom line was dragged down by an aftertax charge of $68.3 million, or 28 cents, related to its business transformation initiatives. Without the year-ago charge, profits rose 8 percent.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)