Avons' second quarter profit jumps 35 percent.* Avon Products Avon Products, Inc. NYSE: AVP is a US cosmetics, perfume and toy seller with markets in over 135 countries across the world and sales of $8.1 billion worldwide as of 2005. , Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , posted a 35% increase in quarterly profit in the second quarter. Net income in the quarter rose to $232.3 million. Experts said overall sales slightly exceeded expectations, rising 13% to $1.84 billion. Excluding the impact of foreign currency exchange, sales grew 12%. Sales in the U.S., Avon's biggest market, increased just 3%. Unit volume grew 11%, executives said. Avon Avon, former county, England Avon, former county, SW England, bordering the Severn estuary and the Bristol Channel. Created in 1974 from S Gloucestershire, Bristol, and N Somerset. said the sales growth was driven by a 17% increase in sales of beauty products, with all major categories delivering double-digit gains. Active representatives rose 11%, with all geographic regions showing increases. European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. sales accelerated 28% on a dollar basis, boosted by a rise of more than 80% in Russia, which is Avon's fastest-growing market. Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. generated a 10% sales increase in dollars. Asia Pacific sales jumped 20%, powered by China, where sales surged more than 60%, Avon said. For the third quarter, Avon forecast earnings of about 34 cents a share, powered by overseas strength and beauty products sales. The company also raised its earnings outlook for the year to $1.72 a share, up from its prior estimate of $1.70 a share. |
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