Avon international sales advance 7% in second quarter 1996, pretax profits up 40%.
This article was originally published in The Rose Sheet
Executive Summary
AVON INTERNATIONAL SECOND QUARTER SALES ADVANCE 7% and pretax profits surged ahead 40%, the company announced July 25. The international growth reflected a strong performance in the Americas region (excluding the U.S.), growth in developing markets in Europe and the Pacific Rim and a favorable profit comparison reflecting one-time charges in Western Europe and Japan last year. Excluding the effect of the charges, international pretax profits rose 14% in the recent quarter