×
445
Fashion Jobs
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager
Permanent · Noida
VR INDUSTRIES PVT. LTD
Area Sales Manager
Permanent · Chennai
G.R. BATHLA & SONS
Marketing Executive/Area Sales Manager
Permanent · Ludhiana
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Cutting Manager/Production Head - Garments Industry
Permanent · Bhiwandi
KALPA ELECTRIKAL PVT. LTD
Hiring For Production in Charge/ Manager (8-15 Yrs Exp)
Permanent · Bengaluru
TARGET PUBLICATIONS
Regional Sales Manager
Permanent · Mumbai
THE BANYAN HR CONSULTS
Head HR For Garments Manufacturing Company at Chengalpattu, Tamil Nadu
Permanent · Chennai
IUMENTAS LIFE SCIENCE
Veterinary Sales Manager For The State of Assam
Permanent · Guwahati
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Plastic Manufacturing Company| Umbergaon
Permanent · Navsari
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Polythread Manufacturing Company| Ranchi
Permanent · Ranchi
ENGGSERVICES2INDIA
Production Quality Manager - Immediate Requirement
Permanent · Bengaluru
DIASORIN HEALTHCARE INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
METROPOLIS HEALTHCARE
Territory Sales Manager @ Mumbai
Permanent · Mumbai
GTROPY SYSTEMS PRIVATE LIMITED
Direct Sales Manager - Faridabad
Permanent · Faridabad
METROPOLIS HEALTHCARE
Territory Sales Manager @Amravati/Nagpur/Aurangabad
Permanent · Nagpur
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Delhi
Permanent · Pune
RAJ RAJESHWARI SPICE FOODS LTD.
Area Sales Manager/Senior Sales Officer Required
Permanent · Bareilly
PARK RETAIL MARKETING PVT LTD
Job Opening For Area Sales Manager
Permanent · Pune
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Rohtak
By
Reuters
Published
Feb 16, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Avon Products revenue, profit miss on weak demand

By
Reuters
Published
Feb 16, 2017

Cosmetics maker Avon Products Inc reported fourth-quarter revenue and profit that missed estimates as demand slipped in all but one of its markets.

Revenue fell 7 percent in Europe, Middle East and Africa, and 10 percent in north Latin America, more than offsetting a 9 percent jump in revenue from south Latin America, Avon said on Thursday.



Net loss attributable to the company narrowed to $10.7 million, or 4 cents per share, in the quarter ended Dec. 31, from $333.4 million, or 76 cents, a year earlier. The year-ago period included a loss from discontinued operations of $317.1 million.

Total revenue for the company, whose brands include Skin-So-Soft and the Outspoken by Fergie fragrance line, declined 2.4 percent to $1.57 billion.

Analysts on average expected revenue of $1.61 billion, according to Thomson Reuters. On an adjusted basis, Avon earned 1 cent per share versus analysts' average estimate of 9 cents.

Avon announced a three-year turnaround plan in January 2016 to cut $350 million in costs, invest in technology and tap social media to revive sales amid concerns that its direct-selling model is outdated.

The company said it realized about $120 million in cost savings last year and is on track to achieve the plans.

Avon has posted falling sales for more than four years as it struggles with the changing tastes of consumers, who prefer niche brands.

The company has also seen a significant drop in the number of its famous "Avon Ladies" - representatives who sell door to door. Active representatives in the quarter fell 3 percent.

 

© Thomson Reuters 2021 All rights reserved.