OREANDA-NEWS. Avon Products, Inc. (NYSE: AVP) will host its 2016 Investor Day today, Thursday, January 21, 2016, from 9:30 a.m. to 4:00 p.m. EST at the Company's global Research and Development center in Suffern, NY.

In conjunction with Avon's Investor Day, the Company is reaffirming the outlook provided on its third-quarter 2015 earnings call.

"Our full-year performance is expected to be in-line with our most recent outlook," said Jim Scully, Executive Vice President, Chief Operating Officer and Chief Financial Officer. "We will provide full details of our fourth-quarter and full-year 2015 performance at our earnings call on February 11th, which will include the reporting of our North American business as discontinued operations caused by its anticipated separation from Avon."

In 2015, Avon made progress against its full-year objectives in-line with its previously stated outlook. Including the results of North America, Avon's full-year 2015 constant-dollar revenue is expected to be flat as compared with the prior year.

As announced on December 17, 2015, the Company intends to separate its North American business. As a result, North America will be reported as discontinued operations for all periods. Excluding the results of North America, the Company expects full-year 2015 results to include:

  • Total revenue of approximately $6 billion;
  • Constant dollar revenue growth of 2% (decline of 19% in reported dollars), which was negatively impacted by approximately 1 point from the Liz Earle divestiture; and
  • Growth in Active Representatives of 1%.

About Avon Products, Inc. 
Avon is the Company that for more than 125 years has stood for beauty, innovation, optimism and, above all, for women. Avon, with nearly $9 billion in annual revenue in 2014, has products that are sold through 6 million active independent Avon Sales Representatives worldwide. Avon products include color cosmetics, skincare, fragrance, and fashion and home, featuring such well-recognized brand names as Avon Color, ANEW, Avon Care, Skin-So-Soft, and Advance Techniques.