Collect Over 10.5% Yield-to-Maturity with Avon Products, Bonds Mature March 2023

This week, Durig Capital takes a look at a 130-year old company, whose name is synonymous with direct selling. Avon Products is now a global manufacturer and distributor of a wide range of beauty products. The company’s recently posted its most recent quarterly results.  Some of the highlights include:
 

  • A 62% increase in operating profit.

  • The company’s average order was up 6%.

  • Operating margin was up 160 basis points over last year’s Q2.