Avon Products Inc. (AVP)

Avon Products, Inc. engages in the manufacture and marketing of beauty and related products worldwide. Its product categories include Beauty, which consists of cosmetics, fragrances, skin care, and toiletries; Beauty Plus, which include fashion jewelry, watches, apparel, and accessories; and Beyond Beauty that consists of home products, and gift and decorative products. Avon Products markets its products through direct selling and independent representatives, as well as through distributorships. The company was founded in 1886 and is based in New York, New York.

For the nine months ended 30 September 2006, Avon Products, Inc.'s revenues rose 7% to $6.14B. Net income fell 56% to $293.5M. Revenues reflect higher sales from beauty, skin care, fragrance & personal care products and the Company's acquisition of the licensee in Colombia. Net income was offset by decreased gross margins, higher cost of sales, an increase in marketing, distribution & administrative expenses and higher interest expense.