Company Earnings UpdateAvery Dennison (NYSE: AVY) 2Q19 Results: Mixed Results, Tougher Year than Expected but Annual EPS Target on Track Coresight Research July 24, 2019 Executive Summary Avery Dennison reported 2Q19 revenues of $1.80 billion, down 3.2% year over year and slightly below the $1.83 billion consensus estimate. Adjusted EPS was $1.72, up 4.0% year over year and beating the consensus estimate by four cents. Adjusted organic growth was 1.6%. Revenues in the company’s label and graphic materials business declined 4.1%, and revenues in the retail branding and information solutions segment grew 0.4% year over year. The company reaffirmed and tightened its 2019 adjusted EPS guidance range to $6.50-6.65 from $6.45-6.70 (up 7-10%). Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Retail Sales Outlook—Preview: Latest Retail Projections in the Absence of Government DataAnalyst Corner: Constrained Consumers Could Soon “Get to the Goods” Again—Evolving In-Store Loss Prevention, with John HarmonApparel and Footwear Shopping in Focus—Amazon and Walmart Lead; NIKE Ranks as Top Brand: US Consumer Survey InsightsWeekly UK Store Openings and Closures Tracker 2025, Week 49: Claire’s Closes 150 Stores; Oliver Bonas To Open 20 Stores
