Avon Products, Inc.
Industry: Personal & Household Prods.

Avon Products, Inc. is a global manufacturer and marketer of beauty and related products. The Company's business is comprised of direct selling, which is conducted in North America, Latin America, Europe and the Pacific. Avon's products fall into four product categories: Beauty, which consists of cosmetics, fragrances and toiletries (CFTs); Beauty Plus, which consists of jewelry, watches and apparel and accessories; Beyond Beauty, which consists of home products, gifts, decorative items and candles, and Health and Wellness, which consists of vitamins, an aromatherapy line, exercise equipment and stress relief and weight management products. The Company has operations in 58 countries.

Business Summary
Avon Products, Inc. (Avon) is a global manufacturer and marketer of beauty and related products. Avon's products fall into three product categories: Beauty, which consists of cosmetics, fragrances, skin care and toiletries (CFT); Beauty Plus, which consists of fashion jewelry, watches, apparel and accessories, and Beyond Beauty, which consists of home products, gift and decorative products, candles and toys. Avon has sales operations in 60 countries or territories, including the United States, and distributes its products in 62 more. During the year ended December 31, 2003, Avon launched in the United States a new global cosmetics brand, focusing on the market for young women. The brand name is mark. and the product line is targeted to young women in the 16 to 24 age group. Mark. is sold both through the Company's core group of representatives and a separate mark. sales force.

Financial Summary
Avon Products, Inc. is a global manufacturer and marketer of beauty and related products including cosmetics, fragrance and toiletries, gifts and decorative apparel and fashion jewelry and accessories. For the 6 months ended 6/30/05, revenues rose 6% to $3.87B. Net income increased 32% to $500.6M. Results reflect higher skin care sales, the timing of product innovation, and improved operating profit margins in the European segment.