AVY Stock Recent News

Avery Dennison (AVY) faces low volumes due to apparel inventory reductions.

The takeaway from Q2 earnings results for the retail sector is that consumer habits have changed. Once flush with stimulus cash and little to do but spend it, the consumer buys less discretionary items in favor of everyday items like food, health, and personal grooming.

Shrinkage, inventory shrink, it's a growing problem today. While always present, shrinkage emerged as a growing problem early in 2023 when Target NYSE: TGT reported it as an impact on profits.

Avery Dennison (AVY) reported earnings 30 days ago. What's next for the stock?

The rally in tech stocks that lifted the broader market is falling victim to the dog days of August. Investors looking to make a pivot away from overvalued tech stocks may want to look at undervalued industrial stocks.

ARCT, AVY and ASB have been added to the Zacks Rank #5 (Strong Sell) List on August 10, 2023.

Avery Dennison's (AVY) second-quarter earnings decline year over year.

Avery Dennison (AVY) came out with quarterly earnings of $1.92 per share, missing the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $2.64 per share a year ago.

Avery Dennison Corporation, a leading provider of digital identification systems and materials science, holds a market capitalization of $14.32 billion and a return on invested capital of 11%. Despite a 12% decline in year-over-year revenues, the company's diversification strategy and global presence have allowed it to tap into new markets such as the automotive industry. AVY currently holds a solid balance sheet to endure all economic cycles.

Avery Dennison's (AVY) Q2 results are likely to reflect the impacts of raw material and freight cost inflation, unfavorable currency translation, and supply-chain issues, offset by strong demand.