AVON Products reported its first-quarter 2014 results with revenue down 11% and an operating loss of $51 million. “As I look at our first-quarter results, I’m not satisfied with our performance, but I’m encouraged by our progress,” said Sheri McCoy, Chief Executive Officer of AVON Products. “We saw significant headwinds that further impacted our financial results, particularly in EMEA. However, we continue to stay the course on our plans to return AVON to sustainable, profitable growth.”