In a filing with the Securities and Exchange Commission accompanying the earnings release on Wednesday, Avon said it is in discussions with the SEC and the Department of Justice regarding resolving the investigations.
"While these discussions will take time, it is progress," McCoy said.
Separately, Avon declared a dividend of 23 cents, payable on Sept. 4 to shareholders of record on Aug. 15.
Shares fell 19 cents, or 1.2 percent, to close at $15.30 Wednesday after falling as low as $14.82 earlier in the session, its lowest level since March 2009.
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