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January 6, 2015
By: TOM BRANNA
Avon Products, Inc. says its third-quarter 2014 results show that total revenue fell 8% to $2.1 billion. Beauty sales declined 9%, according to the company. “We began the year with the expectation that the second half of 2014 would show improvement relative to the first half and Avon’s third-quarter results are consistent with modest improvement on both top and bottom line,” said Sheri McCoy, CEO of Avon Products, Inc. “We saw good results from our EMEA region, while sluggish performance in Brazil contributed to softer results in Latin America. Despite the strong headwinds in a number of markets, we continue to make progress on Avon’s turnaround journey.”
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