Agenda-setting intelligence, analysis and advice for the global fashion community.

Avon Reports 4Q Loss

Avon Products Inc. on Thursday reported a loss of $333.4 million in its fourth quarter.

Associated Press

11 February 2016

NEW YORK, United States — Avon Products Inc. on Thursday reported a loss of $333.4 million in its fourth quarter.

On a per-share basis, the New York-based company said it had a loss of 77 cents. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.

The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The direct seller of cosmetics posted revenue of $1.61 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $1.83 billion.

For the year, the company reported that its loss widened to $1.15 billion, or $2.60 per share. Revenue was reported as $6.16 billion.

The company's shares closed at $3.25. A year ago, they were trading at $8.66.

In This Article

Topics

Financial Markets

Organisations

Avon

Location

New York, United States

L Catterton: Finding Value in a Tough Market

Nikhil Thukral, managing partner at the LVMH-affiliated private equity fund, talks about the ingredients of winning companies, the dynamics challenging fashion's incumbents and how economic shifts are shaping investor strategies in the BoF-McKinsey State of Fashion 2025.

This Week: Waiting for the Shein IPO

The fast fashion giant is reportedly close to filing to go public in London, but faces doubts about its business and the political environment.

The Best of BoF 2023: Diversity’s Litmus Test

In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.

The Year Ahead: The Future of Fashion Deal-Making

For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.

Asics Buys Marathon Registration Platforms to Boost Running-Shoe Sales

The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.

What Is Nike Doing With Its ACG Label?

The activewear giant seems intent on turning its nearly 40-year-old niche outdoor fashion brand into a mainstream success. The plan hinges on convincing backpackers and athletes its rugged technical gear can perform just as well as The North Face or Arc’teryx.

Question Time in Paris

It’s not an existential crisis — yet — but Rick Owens and Daniel Roseberry confront some headscratchers in their latest collections.

Paris Day Four: What to Do With Fashion’s Formulas

Stick with the program or switch it up? Angelo Flaccavento reports on Chloé, Rabanne, Schiaparelli, Rick Owens and Uma Wang.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

CONNECT WITH US ON

News & Analysis

Topics

More

Careers

Community

Subscribe

About Us