Avon has high of 2% in revenue in Brazil in 1st Qtr in constant currency

SAO PAULO-the Avon was discharged from 26% in the recipe in Brazil in the first quarter in dollar and 2% in constant currency, compared to the same period last year, according to data presented on Thursday by the cosmetics manufacturer.
According to material balance sheet disclosure, the increase in the average number of requests was overshadowed partially by a retreat in active representatives in the period.
In a report to clients, Credit Suisse analysts highlighted that the constant currency sales of beauty products from the U.S. company were stable during the period, while the brazilian''s Natura rose 3%.
"Sales trends from both companies have set quite erratic in the last quarter, with the Avon showing better performance in the fourth quarter of 2016, while Natura had better performance in the first quarter of 2017," they wrote.
For the team led by analyst Tobias Stingelin, Natura continues working hard to solve their structural problems, and some advances are already in progress, that combined with the expected gradual improvement in the economy can translate into some stabilization of sales.
Avon''s global balance shows that the company''s adjusted operating margin fell 1.3 percentage point compared with the same period in 2016, for 2,9%, affected, among other factors, by higher expenses with default-especially in Brazil-, arising from the remuneration adjustment and higher costs of transport.
GLOBAL DATA
In New York, the company''s shares fell 16,6% around 13:00, in the face of a loss of $36,500,000 in continuing operations, excluding taxes, equivalent to 0.10 USD per share diluted, compared with a loss of $156 million, or 0.36 dollar per share, a year earlier.
Continuing operations-adjusted loss, excluding taxes, was $28 million, or 0.07 dollar per share diluted, compared with a loss of $27 million, or 0.07 dollar per share, in the first quarter of 2016.
The total revenue of Avon 2%, increased to 1.3 billion dollars, but in constant currency fell 1%.
Search Thomson Reuters I/B/E/S estimated 0.01 dollar per share profit and revenue of 1.34 billion dollars.
The adjusted gross margin rose 0.9 percentage point, to 61,2%, benefiting mainly from favourable net impact of price in relation to the mix.