Avery Dennison Raises FY EPS View to $10.00–$10.30 After 19% Q2 Beat
AVY sits 16% above its 52-week low of $152.42.
Summary
Avery Dennison posted Q2 adjusted EPS of $2.89, smashing the $2.47 consensus, on 11% sales growth to $2.46B. Full-year adjusted EPS guidance was raised to $10.00–$10.30, above the $10.02 Street view. Shares are up 6.5% midday, cooling from a 10% premarket surge but still a strong session. The beat was broad-based with 7.6% organic growth, signaling robust demand across labels and adhesives. This follows the earlier Reuters flash; the new detail is the precise guidance range and the sustained intraday gain.
At the time of this announcement, AVY was trading at $177.10 on NYSE in the Manufacturing sector, with a market capitalization of approximately $13.5B. The 52-week trading range was $152.42 to $199.54. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.