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Avon Products Reports Huge Revenue Drop In 1Q 2016

May 5, 2016: 12:00 AM EST
Avon Products, Inc. reported total revenue dropped 16 percent to $1.3 billion in the first quarter of 2016, compared with the same quarter of the previous year. In constant dollars, however, revenue grew 3 percent, excluding the impact of the sale of Liz Earle. Adjusted diluted earnings per share from continuing operations declined $0.10 per share from the previous year, and included a negative currency impact of $0.13 per share.
"Avon Reports First‐Quarter Results", Avon, May 05, 2016, © Avon Products, Inc.
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