Stock Monitor: Lifevantage Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 08, 2018 / If you want access to our free earnings report on Avon Products, Inc. (NYSE: AVP), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AVP. On May 03, 2018, Avon Products reported financial results for the first quarter of 2018 ending March 31, 2018. During Q1 FY18, Avon adopted the new GAAP revenue recognition standard as a cumulative-effect adjustment as of January 01, 2018. This had a significant impact on the presentation of sales incentives and Representative fees and associated costs, primarily for brochures. Therefore, comparative information for prior periods has not been restated. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Lifevantage Corporation (NASDAQ: LFVN), which also belongs to the Consumer Goods sector as the Company Avon Products. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Avon Products most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

In the quarter under review, the Company's earnings were in-line with analysts' forecasts while revenue surpassed estimates.

Avon's total revenues reached $1.39 billion for Q1 FY18, reflecting an increase of 4.53% from $1.33 billion in Q1 FY17. The reported revenue number exceeded analysts' consensus estimates of $1.37 billion. In the quarter under review, Avon's net sales increased 0.89% to $1.31 billion on a y-o-y basis, while other revenue jumped 139.71% to $83.90 million on a y-o-y basis. Avon's sales increased 2% y-o-y on a constant dollar basis in Q1 FY18, which included a 6% reporting benefit due to the impact of adopting the new revenue recognition standard.

During Q1 FY18, Avon's cost of sales was $579.70 million, 12.11% higher than $517.10 million in Q1 FY17. The Company incurred selling, general, and administrative (SG&A) expenses of $768.90 million in the reported quarter, down 2.20% from $786.20 million in the previous year's same quarter. Avon's operating profit advanced 50.67% to $44.90 million in Q1 FY18 from $29.80 million in Q1 FY17.

Net loss attributable to Avon for the quarter ending March 31, 2018, was $20.30 million, or $0.06 per share, compared to $36.50 million, or $0.10 per share, in the same period last year. The reported earnings included CTI restructuring initiatives. Avon's adjusted loss per share, excluding non-recurring items, was $0.02 in Q1 FY18 compared to $0.07 in Q1 FY17. This was in-line with analysts' consensus estimates for the quarter under review.

Avon Products' Segment Details

During Q1 FY18, the Europe, Middle-East, and Africa (EMEA) segment generated revenues of $568.40 million, up 12% on a y-o-y basis. The segment had an operating profit of $74.40 million and operating margin of 13.10% in the reported quarter.

The South Latin America segment's net revenues were $497.10 million in Q1 FY18. This segment had an operating profit of $27.20 million and operating margin of 5.50% in the quarter under review.

The North Latin America segment had total revenue of $195.60 million in Q1 FY18, 1% higher than the prior year's same quarter. The segment had an operating profit of $20.80 million and operating margin of 10.60% in Q1 FY18.

For Q1 FY18, the Asia/Pacific segment had net revenues of $111.40 million, down 2% on a y-o-y basis. The segment had an operating profit of $10.40 million and operating margin of 9.30% in the quarter under review.

Cash Matters

Avon had cash and cash equivalents of $772.50 million as on March 31, 2018, 12.37% lower than $881.50 million as on December 31, 2017. The Company had a long-term debt of $1.63 billion at the end of Q1 FY18, a decline of 12.96% from $1.87 billion at the end of Q4 FY17.

Avon's cash outflow from operating activities was $96.30 million for the three months ending March 31, 2018, compared to $80.20 million in the same period last year. The Company's capital expenditures were $27.80 million in the reported quarter, up 16.32% from $23.90 million in the previous year's corresponding quarter.

Avon spent $2.70 million in common stock repurchases in Q1 FY18, 56.45% lower than $6.20million in Q1 FY17.

Stock Performance Snapshot

June 07, 2018 - At Thursday's closing bell, Avon Products' stock rose 1.86%, ending the trading session at $1.64.

Volume traded for the day: 6.96 million shares, which was above the 3-month average volume of 4.63 million shares.

After yesterday's close, Avon Products' market cap was at $724.34 million.

The stock is part of the Consumer Goods sector, categorized under the Personal Products industry.

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