Avon slashes sales and profit margin predictions

Published: 13-Nov-2015
Colour Cosmetics Finance

The company has amended forecasts after suffering a 22% drop in revenues in Q3 2015

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Ailing numbers continue to hurt Avon with the US beauty player slashing its full year sales and profit margin predictions.

Much of the concern is down to revenues, slipping to $1.7bn, a 22% fall in Q3 2015. Speaking exclusively to Cosmetics Business, New York-based senior Bernstein analyst Ali Dibadj lambasted the company for not changing fast enough – or making the right basic strategic decisions.

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