71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
By
Reuters
Published
Nov 1, 2018
Download
Download the article
Print
Text size

Avon misses estimates as sales reps drop out

By
Reuters
Published
Nov 1, 2018

Avon Products’ third-quarter profit and sales missed estimates as the U.S. cosmetics maker struggled to retain its salespeople in all markets, particularly Brazil and Russia.


Avon's Q3 profits and sales came in under expectations - Instagram: @avoninsider


The company’s active representatives – salespersons who go door-to-door selling cosmetics - declined 5 percent in the quarter ended September 30.

Total revenue was flat at $1.42 billion, including a one-time $168 million tax reversal in Brazil.

Excluding the benefit, revenue fell 11 percent to $1.25 billion missing the analysts’ average estimate of $1.32 billion, according to Refinitiv data .

Adjusted sales in South Latin America, one of its biggest markets, fell 19 percent, due to the drop in representatives and a decrease in orders in Brazil.

“While we are not yet satisfied with the overall quarterly results, I am encouraged by the speed at which initiatives are being adopted in our markets,” Chief Executive Officer Jan Zijderveld said.

Excluding one-time items Avon reported a break-even profit, missing analysts’ average estimate of 1 cent, according to Refinitiv.

Benefiting from the Brazil tax reversal, Avon’s net income rose to $114.5 million or 21 cents per share in the three months ended Sept. 30, from $12.5 million or 1 cent per share a year earlier.

© Thomson Reuters 2024 All rights reserved.