More on Avery Dennison Q1: Net profit +23% but shares slump


Avery Dennison (AVY) net income climbed to $71.2M from $57.8M.

Sales rose almost 5% on an organic basis.

Sales breakdown: Pressure-sensitive Materials +6%, Retail Branding & Information Solutions +2%.

Expects FY adjusted EPS from continuing operations of $2.90-3.20 vs consensus of $3.04.

Shares are -4.8% following the Q1 EPS and revenue misses.

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