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Avon Products, Inc. (AVP)

  • Mon, Mar. 23, 10:36 AM
    • Personal care stocks are in favor in early action.
    • The sector has been one of the hardest hit this year from the impact of the strong U.S. dollar.
    • Beauty product companies on the move today include Nu Skin (NUS +5.1%), Coty (COTY +3.3%), Avon Products (AVP +2.8%), Revlon (REV +1.4%), Estee Lauder  (EL +0.3%), and Elizabeth Arden (RDEN +2.6%).
  • Fri, Mar. 13, 6:05 PM
    • Data center owner Equinix (NASDAQ:EQIX), real estate trust SL Green (NYSE:SLG), and apparel maker Hanesbrands (NYSE:HBI) will be joining the S&P 500 after the March 20 close. Medical distributor Henry Schein (NASDAQ:HSIC) will be joining after the March 17 close.
    • Leaving the index are oil/gas producer Denbury Resources (NYSE:DNR), energy services provider Nabors (NYSE:NBR), beauty product maker Avon (NYSE:AVP), and medical device maker CareFusion (about to be acquired). Denbury, Nabors, and Avon will be joining the S&P MidCap 400, taking Equinix, SL Green, and Hanesbrands' spots.
    • Also: Buffalo Wild Wings (NASDAQ:BWLD) is taking Henry Schein's place in the S&P 400 on March 17, and Talmer Bancorp (NASDAQ:TLMR) Buffalo Wild Wings' spot in the S&P SmallCap 600.
    • EQIX +2.1% AH. SLG +2%. HBI +3.7%. TLMR +3.6%. NBR -1.8%.
    | 1 Comment
  • Fri, Feb. 13, 12:03 PM
    • Select luxury stocks are out-performing market averages.
    • A couple of analyst upgrades this week and some volume gains for global sellers against F/X headwinds have helped to lift sentiment.
    • Gainers: Michael Kors (NYSE:KORS) +2.2%, Coach (NYSE:COH) +1.1%, Estee Lauder (NYSE:EL) +1.5%, Tumi Holdings (NYSE:TUMI) +1.8%, Avond Products (NYSE:AVP) +3.7%, Revlon (NYSE:REV) +1.1%,
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  • Thu, Feb. 12, 8:41 AM
    • Avon Products (NYSE:AVP) reports total units sold fell 3% in Q4.
    • Price/mix was up 8% during the period.
    • Average order increased 9%.
    • Geographic revenue breakdown: Latin America -15% to $1.052B, Europe/Middle East/Africa -11% to $772.9M, North America -12% to $326.9M, Asia-Pacific -2% to $189.4M.
    • Category sales: Total Beauty -14% to $1.631B; Total Fashion & Home -13% to $644.7M; Other +56% to $65.6M.
    • Adjusted gross margin rate -40 bps to 60.8% due to currency fluctuations.
    • Adjusted operating margin rate +110 bps to 9.3%.
    • Total global expenses -67% Y/Y to $123.3M.
    • AVP -4.20% premarket.
    | Comment!
  • Thu, Jan. 29, 10:01 AM
    • The hire by Avon Products (AVP +2.7%) of James Scully as its new CFO has rekindled speculation of a P-E buyout.
    • Scully comes over from J. Crew which was brought private by TPG Partners and Leonard Green in 2010.
    • Barclays Capital: "We can’t help but wonder if this appointment has greater meaning?" (h/t Notable calls).
    | Comment!
  • Fri, Jan. 23, 12:46 PM
  • Fri, Jan. 23, 8:00 AM
    • Analysts think a buyout of Avon Products (NYSE:AVP) isn't far-fetched with shares down over 48% over the last year.
    • A loss of faith in Avon management amid a cycle of negative news has cleared the path for shareholders to back a P-E acquisition.
    • Previously: Avon Products spikes on report of TPG interest (Jan. 22 2015)
    • AVP -1.3% premarket after burning a 14.55% gain yesterday.
  • Thu, Jan. 22, 1:55 PM
    • Avon Products (AVP +14.6%) soars after reports indicate the company has been in talks with TPG.
    • Despite the brisk rally, shares of AVP are still below where they began the year.
    | Comment!
  • Wed, Jan. 7, 1:12 PM
    • Select personal care products stocks with a higher mix of F/X exposure to global markets are trading weak today.
    • Elizabeth Arden (RDEN -7.2%), Inter Parfums (IPAR -2.2%), and Avon Products (AVP -0.9%) are all lower
    • Also a factor, sector analysts note pricing pressure from Internet sellers is dragging average transaction prices down in the sector.
    | Comment!
  • Jun. 24, 2014, 8:53 AM
    • Shares of Avon Product (AVP) move higher in premarket action after the company lops off another 600 jobs from its workforce.
    • The company is in the midst of a broad cost-slashing program.
    • AVP +1.4% premarket
    | Comment!
  • May. 19, 2014, 7:57 AM
    • Shares of Avon Products (AVP) are higher in early action after the company was mentioned positively in Barron's.
    • Stifel Nicolaus thinks CEO Sheri McCoy is on the right track with cost reduction initiatives. The firm also reasons Avon's North American business should be sold or closed if it can't be turned around.
    • Barron's notes insider buying at Avon has picked up after shares dipped earlier this month.
    • AVP +1.8% premarket
    | 1 Comment
  • May. 13, 2014, 1:27 PM
    • An alarming drop in sales by Elizabeth Arden (RDEN -21.1%) has rocked the fragrance and cosmetics sectors.
    • The read weak U.S. demand from the company and a heavily promotional atmosphere overseas has put some more tension in the air.
    • Decliners: Avon Products (AVP-1.1%, Ulta Salon (ULTA-1.5%, Nu Skin (NUS-1.2%, Inter Parfums (IPAR-1.3%, Revlon (REV-1.1%, Coty (COTY-2.7%.
  • May. 1, 2014, 9:13 AM
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  • Apr. 11, 2014, 5:37 PM
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  • Feb. 13, 2014, 8:16 AM
    • Avon Products (AVP) reports volume fell 10% during Q4 with weakness in Mexico, Russia, and China hard to overcome.
    • Gross margin was 61% for the period, which includes a $5M charge related to the devaluation of Venezuelan currency. Avon's price/mix did help margins during the period.
    • The company says its salesforce ended the quarter 5% lighter than a year ago.
    • AVP +2.4% premarket with expectations for the drop in volume already factored into share price and news from last night that the company is in advanced talks to settle a bribery probe.
    | Comment!
  • Feb. 12, 2014, 5:31 PM
    • Avon Products (AVP) is in advanced talks to settle a long-running bribery probe that has dogged the company for years and could cost tens of millions of dollars to resolve, WSJ reports.
    • AVP is said to be eager to come to terms and is trying to reach a deal with the Justice Department and SEC before it reports earnings Thursday morning.
    • Shares +4.2% AH on the report.
    | Comment!
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Company Description
Avon Products Inc is the manufacturer and marketer of beauty and related products. The Company operates in Latin America; Europe, Middle East & Africa; North America; and Asia Pacific.