CEO McCoy: Avon Q3 'Disappointing,' But Focus Is On Future

摘要

Following a poor third quarter marred by declining sales, margins and representatives, Avon Products Inc.'s eye remains on the future with plans to cut costs, stabilize its business and return to growth. Profits for the quarter ending Sept. 30 plunged 81% to $31.6 million, or $0.07 per share. Revenue was down 8% from the same period a year ago, at $2.6 billion.