Avon Posts Revenue of $2.9 Billion Q2 2011

Posted: July 28, 2011

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Western Europe, Middle East/Africa's second-quarter revenue increased 13% versus the prior-year quarter, or up 5% in constant dollars, driven by an increase in active representatives. U.K. revenue was up 2%, or down 7% in constant dollars, reflecting declines in both Active Representatives and average order. Turkey rose 1%, or up 3% in constant dollars. South Africa rose 52%, or 38% in constant dollars.

Asia Pacific reported a second-quarter revenue decline of 5% year over year, or 12% in constant dollars. Revenues in the Philippines rose 7%, or 2% in constant dollars. China declined 28%, or 31% in constant dollars, reflecting the continued transition away from a hybrid model to one which focuses on direct selling.

The full report is available from Avon.