Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Avon Shares Popped

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Avon Products (NYSE: AVP  ) were looking revitalized today, climbing as much as 20% after a strong earnings report.

So what: The beauty-products maker reversed a downward trend, growing volume by 2% and increasing its sales force by at least 1% over losing a number of sellers earlier in the year. Avon seemed to find success abroad even as North American sales continued to decline, falling by 12%, but sales in Brazil grew 10%, and in Russia revenue was up 3%. Adjusted per-share profit of $0.37 topped estimates by $0.10 and revenue was up 1% in constant dollars to $3 billion, in line with estimates.

Now what: Avon's bounce today is primarily the result of low expectations. Though EPS beat estimates, they were still down slightly from a year before, but new CEO Sheri McCoy, who came on in April, seems to be righting the ship and pointed to "signs of stabilization" in the quarter. Things may be looking up for Avon after the better-than-expected quarter, but I'd like to see some improvement in its home market before I get on board.

Stay up to date on Avon. Add the company to your Watchlist here.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2251150, ~/Articles/ArticleHandler.aspx, 9/26/2016 1:59:29 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:01 PM
AVP $5.84 Up +0.10 +1.74%
Avon Products CAPS Rating: *