Avon Products (AVP) Misses Q2 EPS by 11c, Sales Miss

Avon Products (NYSE: AVP) reported Q2 EPS of ($0.03), $0.11 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.43 billion.

"Second-quarter performance fell below our expectations as we cycled a strong quarter last year. As previously guided, we expect the second half to yield a stronger performance based on our exciting product innovation plans and other initiatives to increase Representative activity," said Sheri McCoy, Chief Executive Officer, Avon Products, Inc. "We continue to implement the strategies defined in our Transformation Plan to better meet the needs of our Representatives and continue progress towards delivering sustainable profitable growth in the longer term."

For earnings history and earnings-related data on Avon Products (AVP) click here.

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