CORRECTION TO AVON INCOME UP 22 PERCENT BUT RESTRUCTURING CHARGE CAUSES QUARTERLY LOSS.
/C O R R E C T I O N -- AVON PRODUCTS, INC./ In NY002, Avon Income Up 22 Percent But Restructuring Charge Causes
Quarterly Loss, moved earlier today, the seventh graph, eighth line should read "Europe sales and profit increases were up in both local currency and dollars, despite unfavorable currency comparisons. "The Pacific region generated healthy sales and profit growth, led by strong performance in Japan." rather than "Local currency sales and profit increases in Europe were somewhat offset by unfavorable currency comparisons. The Pacific region generated healthy sales and profit growth, led by strong performance in Japan." and the ninth graph should read "Avon International sales were up 3 percent and pretax profit, excluding restructuring, decreased 1 percent." rater than "Avon International ... but pretax profit ... decreased 2 percent." as originally issued.
-0- 4/16/92 C NY002 (AVP) CO: Avon Products, Inc. ST: New York IN: HOU SU: ERN
TS -- NY002A -- 9214 04/16/92 10:58 EDT
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|Date:||Apr 16, 1992|
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