Avon’s Dismal Q1 Makes Coty Bid More Appealing – Analysts

The first fiscal quarter of 2012 was “unexpectedly weak” for Avon Products, with sales down 2% to $2.6 billion and net income plummeting 82% to $26.5 million, making clear the challenges ahead for the firm and its new CEO. Analysts believe Coty may have a better chance of acquiring the New York-based direct seller in light of the Q1 results.