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Avon U.S. late sales momentum helps boost North American revenues 6% in fourth quarter.

This article was originally published in The Rose Sheet

Executive Summary

AVON U.S. LATE MOMENTUM HELPS 6% SALES GAIN IN FOURTH QUARTER for the North American region, although "the improvements were not sufficient to offset weakness earlier in the period," Avon announced Feb. 5. "In addition, an unfavorable product mix, mainly from higher gift sales and lower fragrance sales, negatively affected profit margins in the quarter," the company said. U.S. pretax profits were down 2% in the same period.
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