Avon Products (AVP) Misses Q4 EPS by 8c
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Avon Reports Fourth-Quarter and Full-Year 2016 Results
February 16, 2017 6:45 AM ESTLONDON, Feb. 16, 2017 /PRNewswire/ --Â Avon Products, Inc. (NYSE: AVP), a globally recognized leader in direct selling of beauty and related products, today announced its results for the fourth quarter and fiscal year ended December 31, 2016.
"We made good progress in the first year of our Transformation Plan, exceeding our cost savings targets, improving our profit margin, and significantly strengthening our balance sheet. However, the financial results for the fourth quarter were disappointing, largely due to the decline in Active Representatives and an unexpected increase in bad debt expense," said Sheri... More
