EX-99.2 4 apr2903_99-2.htm

EXHIBIT 99.2


AVON PRODUCTS, INC.
Prior Year Segment Information Conformed to 2003 Presentation
($ millions)

    QUARTER   YEAR-TO-DATE
   
 
    2002
March		   2001
March		     2002
June		   2001
June		     2002
September		   2001
September		     2002
December		   2001
December		     2002
December		   2001
December		  
   
 
 
 
 
North America                                                  
Net sales   561.2   526.7     589.6   556.3     549.8   521.9     756.8   716.0     2,457.4   2,320.9  
Operating profit   95.0   87.3     119.9   110.6     82.5   68.2     147.5   127.0     444.9   393.1  
     Operating margin*   16.7 % 16.4 %   20.0 % 19.7 %   14.7 % 12.9 %   19.2 % 17.6 %   17.8 % 16.8 %
   
Latin America  
Net sales   389.8   420.1     440.5   483.1     405.4   476.0     419.2   477.3     1,654.9   1,856.5  
Operating profit   61.9   75.1     98.2   111.0     98.2   108.0     103.3   116.9     361.6   411.0  
     Operating margin*   15.9 % 17.9 %   22.3 % 23.0 %   24.2 % 22.7 %   24.6 % 24.5 %   21.8 % 22.1 %
   
Europe  
Net sales   240.1   219.5     278.9   233.2     283.6   221.7     426.0   334.1     1,228.6   1,008.5  
Operating profit   31.4   26.1     50.4   42.6     34.4   28.2     92.6   67.1     208.8   164.0  
     Operating margin*   13.0 % 11.8 %   18.0 % 18.1 %   12.1 % 12.7 %   21.7 % 20.0 %   16.9 % 16.2 %
   
Pacific  
Net sales   181.0   181.9     204.5   184.4     210.0   192.1     234.2   215.3     829.7   773.7  
Operating profit   22.5   20.7     33.7   28.5     33.2   26.5     44.2   36.8     133.6   112.5  
     Operating margin*   12.2 % 11.2 %   16.2 % 15.2 %   15.5 % 13.6 %   18.5 % 16.8 %   15.8 % 14.3 %
   
Global Expenses  
Net sales   0.0   (1.8 )   0.0   0.0     0.0   0.0     0.0   0.0     0.0   (1.8 )
Operating profit   (58.2 ) (64.6 )   (59.8 ) (57.8 )   (57.3 ) (58.3 )   (73.8 ) (65.2 )   (249.1 ) (245.9 )
   
Contract settlement gain, net  
Operating profit   0.0   0.0     0.0   0.0     0.0   25.9     0.0   0.0     0.0   25.9  
   
2002 special charge  
Operating profit   0.0   0.0     0.0   0.0     (36.3 ) 0.0     0.0   0.0     (36.3 ) 0.0  
   
2001 special charge  
Operating profit   0.0   0.0     0.0   0.0     0.0   0.0     0.0   (97.4 )   0.0   (97.4 )
   
Total Avon  
Net sales   1,372.1   1,346.4     1,513.5   1,457.0     1,448.8   1,411.7     1,836.2   1,742.7     6,170.6   5,957.8  
Operating profit   152.6   144.6     242.4   234.9     154.7   198.5     313.8   185.2     863.5   763.2  
     Operating margin*   11.0 % 10.7 %   15.9 % 16.0 %   10.6 % 14.0 %   16.9 % 10.6 %   13.9 % 12.7 %

*Operating margin equals operating profit divided by total revenue.