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Avon Products Inc (AVP.N)

AVP.N on New York Stock Exchange

2.40USD
20 Sep 2018
Change (% chg)

$0.08 (+3.45%)
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Latest Key Developments (Source: Significant Developments)

Avon Products To Create Leaner New York Operations
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Avon Products Inc ::AVON PRODUCTS, INC. TO CREATE LEANER NEW YORK OPERATIONS.AVON PRODUCTS INC - PLANNED CONSOLIDATION WILL ALSO INCLUDE WORKFORCE REDUCTIONS OF APPROXIMATELY 100 POSITIONS.AVON PRODUCTS - PLANS TO CONSOLIDATE ITS U.S. OPERATIONS INTO ITS EXISTING FACILITIES IN SUFFERN, NEW YORK.AVON PRODUCTS - PLAN TO STREAMLINE WILL INCLUDE SALE OF CO'S OFFICES IN RYE, NEW YORK, WHICH IS PROJECTED TO BE COMPLETED IN 2019.  Full Article

Natura Cosmeticos Says There Are No Talks Underway About A Possible Avon Acquisition
Monday, 17 Sep 2018 

Sept 17 (Reuters) - Natura Cosmeticos ::SAYS THERE ARE NO TALKS UNDERWAY ABOUT A POSSIBLE AVON ACQUISITION.  Full Article

Avon Q4 Adj Diluted Earnings Per Share From Continuing Operations Of $0.12
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Avon Products Inc ::AVON REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE $0.17 FROM CONTINUING OPERATIONS.Q4 REVENUE $1.6 BILLION.QTRLY ‍DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS OF $0.17​.QTRLY ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS OF $0.12.QTRLY ‍ACTIVE REPRESENTATIVES AND ENDING REPRESENTATIVES DECLINED 2% AND WERE RELATIVELY UNCHANGED, RESPECTIVELY​.AVON PRODUCTS - ‍"OUR TOP LINE REMAINS UNDER PRESSURE AS WE CONTINUE TO OPERATE IN CHALLENGING MACRO & COMPETITIVE CONDITIONS, PARTICULARLY IN OUR LARGEST MARKETS"​.AVON PRODUCTS - RECORDED $50 MILLION NET INCOME TAX BENEFIT IN QUARTER THAT INCLUDED ABOUT $30 MILLION NET BENEFIT RECOGNIZED DUE TO IMPACT OF TAX REFORM.RECORDED CTI RESTRUCTURING WITHIN OPERATING PROFIT OF APPROXIMATELY $24 MILLION BEFORE AND AFTER TAX IN QUARTER​.QTRLY SOUTH LATIN AMERICA REVENUE WAS DOWN 2%, OR 1% IN CONSTANT DOLLARS.QTRLY NORTH LATIN AMERICA REVENUE WAS RELATIVELY UNCHANGED, OR DOWN 2% IN CONSTANT DOLLARS.Q4 REVENUE VIEW $1.60 BILLION -- THOMSON REUTERS I/B/E/S.AVON PRODUCTS - BELIEVES HAS "CAPACITY" TO ACHIEVE ITS LONG-TERM GOALS OF MID SINGLE-DIGIT CONSTANT-DOLLAR REVENUE GROWTH AND LOW DOUBLE-DIGIT OPERATING MARGIN.  Full Article

Avon Products Appoints Jan Zijderveld As CEO
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Avon Products Inc ::AVON PRODUCTS, INC. APPOINTS JAN ZIJDERVELD AS CHIEF EXECUTIVE OFFICER.ZIJDERVELD SUCCEEDS SHERI MCCOY, WHO PREVIOUSLY ANNOUNCED INTENTION TO RETIRE FROM CO, BOARD.JAN WILL ALSO SERVE AS A MEMBER OF BOARD OF DIRECTORS..  Full Article

Avon Products Appoints Jan Zijderveld As Chief Executive Officer
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Avon Products Inc ::AVON PRODUCTS, INC. APPOINTS JAN ZIJDERVELD AS CHIEF EXECUTIVE OFFICER.AVON PRODUCTS INC - SUCCEEDS SHERI MCCOY, WHO PREVIOUSLY ANNOUNCED HER INTENTION TO RETIRE FROM COMPANY AND BOARD.AVON PRODUCTS INC - JAN WILL ALSO SERVE AS A MEMBER OF BOARD OF DIRECTORS..  Full Article

Avon Q3 EPS $0.01 from continuing operations
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Avon Products Inc ::Avon reports third-quarter 2017 results.Q3 adjusted earnings per share $0.03 from continuing operations.Q3 earnings per share $0.01 from continuing operations.Q3 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.Q3 revenue $1.4 billion.Q3 revenue view $1.41 billion -- Thomson Reuters I/B/E/S.Avon Products Inc qtrly ‍south latin america revenue was down 1 pct, or relatively unchanged in constant dollars​.Avon Products Inc qtrly ‍north latin america revenue was up 5 pct, or 2 pct in constant dollars​.Avon Products Inc - ‍expects to meet its 2017 cost savings target and deliver positive free cash flow for year​.Avon Products Inc - ‍"with mixed results in q3 and some positive trends, we expect to see modest improvement continue in q4"​.Avon Products-is within about $25 million of annual savings target,is over half way to total cost savings targeted for 3 year transformation plan of $350 million​.Avon Products Inc - ‍expect annual results to come in below 2017 guidance​.Avon Products -‍expects improvement in q4, with flat to slightly positive performance compared to last year in constant-dollar revenue, adjusted operating margin​.Avon Products - ‍ during Q3 of 2017, co recorded costs to implement restructuring within operating profit of approximately $6 million before and after tax​.  Full Article

Avon reports Q2 loss per share $0.12 from continuing operations
Thursday, 3 Aug 2017 

Aug 3 (Reuters) - Avon Products Inc :Avon reports second-quarter 2017 results.Q2 adjusted loss per share $0.03 from continuing operations.Q2 loss per share $0.12 from continuing operations.Q2 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.Q2 revenue $1.4 billion.Qtrly South Latin America revenue was up 4 pct.Qtrly Brazil revenue was up 7 pct, or down 2 pct in constant dollars.‍Foreign currency favorably impacted both diluted loss per share and adjusted diluted loss per share by an estimated $0.02 per share​ in quarter.Qtrly North Latin America revenue was down 7 pct.‍On track to achieve its 2017 cost savings target of $230 million​.Expects plan to deliver on long-term goals of mid-single-digit constant-dollar revenue growth, low double-digit operating margin.‍For full-year 2017, company expects constant-dollar revenue growth in low single-digits​.Sees ‍FY adjusted operating margin expansion of 100 to 140 bps over prior year and free cash flow to be slightly positive​.  Full Article

Avon Products says ‍sheri McCoy will step down as CEO
Thursday, 3 Aug 2017 

Aug 3 (Reuters) - Avon Products Inc ::Avon Products, Inc. Announces CEO transition plan.Avon Products Inc - ‍sheri McCoy will step down as chief executive officer and as a director on March 31, 2018​.Avon Products Inc - ‍ Sheri McCoy will step down as chief executive officer and as a director on March 31, 2018​.Avon Products Inc - ‍board has retained Heidrick & struggles to assist in identifying McCoy's successor​.  Full Article

Avon Products appoints Jonathan Myers chief operating officer
Tuesday, 20 Jun 2017 

June 20 (Reuters) - Avon Products Inc -:Avon Products, Inc. appoints Jonathan Myers as chief operating officer.Avon Products Inc says ‍most recently, Jonathan served as kellogg's vice president, western european markets, and managing director, uk and ireland​.Avon Products Inc - James Scully, Avon's current executive vice president and chief operating officer, will be leaving company on october 1, 2017.Avon Products - Fernando Acosta, Avon's executive vice president and chief marketing and social selling officer, will be leaving co, Nov 1st 2017.  Full Article

Barington Capital calls on Avon Products to begin search for new CEO
Thursday, 4 May 2017 

May 4 (Reuters) - :Barington Capital Group calls on Avon Products board to begin a search for a new CEO.  Full Article

Brazil's Natura says it is not in talks with Avon over possible takeover

Sept 17 Brazil's Natura Cosmeticos SA said on Monday it was not in talks with cosmetics maker Avon Products Inc about a possible takeover of the London-based company.