NEW YORK — Robust volume growth coupled with lower interest expense allowed record earnings to come knocking at Avon Products Inc.’s door in the second quarter of fiscal 2002.
For the three months ended June 30, the New York-based direct beauty seller reported net income swelled 12.5 percent to $154.9 million, or 64 cents a diluted share. That compares with last year’s profits of $137.7 million, or 57 cents. Earnings per share beat Wall Street forecasts by a penny.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"