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Avon Products Inc (AVP.N)

AVP.N on New York Stock Exchange

2.08USD
19 Nov 2018
Change (% chg)

$-0.05 (-2.35%)
Prev Close
$2.13
Open
$2.14
Day's High
$2.15
Day's Low
$2.06
Volume
524,852
Avg. Vol
1,174,246
52-wk High
$2.99
52-wk Low
$1.38

Latest Key Developments (Source: Significant Developments)

Avon Reports Third Quarter 2018 Results
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Avon Products Inc ::AVON REPORTS THIRD-QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.00.Q3 EARNINGS PER SHARE $0.21.Q3 REVENUE ROSE 1 PERCENT TO $1.4 BILLION.Q3 EARNINGS PER SHARE VIEW $0.01 -- THOMSON REUTERS I/B/E/S.AVON PRODUCTS - QTRLY ACTIVE REPRESENTATIVES FROM REPORTABLE SEGMENTS DECLINED 5%.AVON PRODUCTS - QTRLY SOUTH LATIN AMERICA REVENUE WAS UP 9%, SIGNIFICANTLY IMPACTED BY AN IPI TAX REVERSAL IN BRAZIL.QTRLY SOUTH LATIN AMERICA REVENUE WAS UP 9%, SIGNIFICANTLY IMPACTED BY AN IPI TAX REVERSAL IN BRAZIL.QTRLY NORTH LATIN AMERICA REVENUE WAS RELATIVELY UNCHANGED, OR UP 5% IN CONSTANT DOLLARS.  Full Article

Avon Products Appoints New Chief Beauty & Brand Officer
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Avon Products Inc ::AVON PRODUCTS TO FOCUS ON DEVELOPING COMPELLING CONSUMER PROPOSITIONS AND CONTINUING TO REJUVENATE THE AVON BRAND WITH APPOINTMENT OF NEW CHIEF BEAUTY & BRAND OFFICER.CURRENT GVP, GLOBAL BRAND MARKETING, ALEX LONG, WILL TRANSITION TO GVP, GLOBAL COMMERCIAL MARKETING.  Full Article

Avon Products Presents Financial Initiatives And Investments At Investor Day
Friday, 21 Sep 2018 

Sept 21 (Reuters) - Avon Products Inc ::AVON PRODUCTS PRESENTS FINANCIAL INITIATIVES AND INVESTMENTS AT INVESTOR DAY.AVON PRODUCTS INC - TARGETS $400 MILLION IN COST SAVINGS BY 2021.AVON PRODUCTS INC - EXPECT TO ACHIEVE LOW-SINGLE DIGIT REVENUE GROWTH AND LOW DOUBLE-DIGIT MARGINS BY 2021.AVON PRODUCTS INC - SAVINGS TO FUND ABOUT $300 MILLION OF COMMERCIAL AND DIGITAL / IT INFRASTRUCTURE REINVESTMENTS.AVON PRODUCTS - FOLLOWING COST SAVINGS INITIATIVES, CO'S CASH GENERATION SHOULD EXCEED INVESTMENT PLANS.AVON PRODUCTS INC - DOES NOT ANTICIPATE INCREASING ITS DEBT POSITION AND WILL REMAIN FOCUSED ON REDUCING DEBT.  Full Article

Brazil's Natura Recently Approached Avon About A Takeover - WSJ
Tuesday, 18 Sep 2018 

Sept 17 (Reuters) - :BRAZIL'S NATURA RECENTLY APPROACHED AVON ABOUT A TAKEOVER - WSJ, CITING SOURCES.NATURA, AVON AREN'T IN SERIOUS TALKS ABOUT TAKEOVER AND AVON, WHICH RECEIVED OTHER EXPRESSIONS OF INTEREST, IS FOCUSED ON TURNING ITSELF AROUND - WSJ.  Full Article

Avon Products Says Entered Into Nomination Agreement With Shah Capital Management, Nuorion Advisors, And Barington Capital Group, Among Others
Tuesday, 27 Mar 2018 

March 26 (Reuters) - Avon Products Inc ::AVON PRODUCTS - ENTERED INTO NOMINATION AGREEMENT WITH SHAH CAPITAL MANAGEMENT, NUORION ADVISORS, AND BARINGTON CAPITAL GROUP, AMONG OTHERS.AVON PRODUCTS SAYS PURSUANT TO AGREEMENT, CO AGREED TO NOMINATE JAMES MITAROTONDA FOR ELECTION TO BOARD - SEC FILING.AVON PRODUCTS - IN CONNECTION WITH AGREEMENT, BARINGTON GROUP WITHDRAWN ITS NOTICE OF NOMINATION FOR 2018 ANNUAL MEETING.AVON PRODUCTS - UNDER TERMS OF AGREEMENT, EACH MEMBER OF BARINGTON GROUP AGREED TO ABIDE BY CERTAIN CUSTOMARY VOTING & STANDSTILL PROVISIONS.AVON PRODUCTS - AT 2018 ANNUAL MEETING BARINGTON GROUP WILL VOTE ITS SHARES OF CO'S COMMON STOCK IN FAVOR OF ELECTION OF DIRECTORS NOMINATED BY BOARD.  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 Products CEO McCoy expected to step down from company- CNBC, citing DJ
Thursday, 15 Jun 2017 

June 14 (Reuters) - :Avon Products CEO McCoy expected to step down from the company - CNBC, citing DJ.  Full Article

UPDATE 1-Avon misses estimates as sales reps drop out

Nov 1 Avon Products' third-quarter profit and sales missed estimates as the U.S. cosmetics maker struggled to retain its salespeople in all markets, particularly Brazil and Russia.