Avon Products, Inc. reported second-quarter 2013 results.

“Our second-quarter results reflect continued progress in stabilizing Avon’s business,” said Sheri McCoy, Chief Executive Officer.

McCoy continued, “There is still significant work to be done to deliver sustainable performance in the near and longer term, but I’m pleased with the progress to date. We will succeed by continuing our focus on better serving Avon Representatives, creating a compelling consumer proposition, and simplifying our business to drive both top and bottom line improvements.”

For the second quarter of 2013, total revenue of $2.5 billion decreased 2%, but increased 2% in constant dollars, primarily due to an increase in average order, which partially benefited from inflation in Latin America.

Avon Beauty sales declined 4%, or were relatively unchanged in constant dollars.

Second-quarter 2013 gross margin was 62.7%. Adjusted gross margin was 63.3%, 40 basis points higher than the prior-year quarter, primarily due to lower freight costs, largely in Latin America, partially offset by the negative impact of foreign exchange.

In July 2013, the sale of the Silpada business was completed, for $85 million plus the potential for a $15 million subsequent earn-out.

Avon’s net debt (total debt less cash) for the second quarter of 2013 was $2.0 billion, relatively unchanged from the year-end 2012 level.