AVON 1993 INTERNATIONAL SALES ADVANCE 9%
This article was originally published in The Rose Sheet
Executive Summary
AVON 1993 INTERNATIONAL SALES ADVANCE 9%, slightly higher than the 8% increase posted in 1992, the firm reported Feb. 3. International direct selling units were up approximately 7% in 1993 and pretax income rose 8%, excluding a first quarter 1992 restructuring charge of $64.4 mil. after tax. Fourth quarter international sales climbed 12% while pretax profit moved ahead 4%. Sales outside the U.S. account for about two-thirds of Avon's total revenues.