Flash Report 4 minutesRegister for Free AccessAvon (AVP) 2016 Investor Day and Full-Year 2015 Outlook Coresight Research January 21, 2016 Executive Summary Avon (AVP) announced at its Investor Day presentation today that sales from international operations rose by 3% on a constant-currency basis in 2015. The company saw total revenue of approximately $6 billion, constant-dollar revenue growth of 2% (a decline of 19% in reported dollars) and growth in active representatives of 1%. CEO Sheri McCoy said Avon plans to “drive out” $350 million in annual operating expenses—a new three-year goal—by cutting jobs, pouring more money into revamping its technology and services, and seeking alternatives for its China business. Shares of Avon went on a roller-coaster ride today. They were down initially as Avon execs gave their pitch, but spiked to a high of $2.79 after Cerberus Capital Management called them “significantly undervalued” and added that there were “zero concerns about liquidity” at Avon. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 33: US Closures Up 79%Navigating Digital Transformation: Optimizing Retail Operations Amid Margin PressureInternational Travel in China: New Competition as WeChat Pay and Alipay Accept Foreign Payment Cards?Innovator Profile: Veesual Enhances the Online Apparel Shopping Journey with Image Generation