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home / articles / AVY - Avery Dennison Q3 Highlights: Inline EPS Lower Sales Moderating Inventory Destocking & More | Benzinga

AVY - Avery Dennison Q3 Highlights: Inline EPS Lower Sales Moderating Inventory Destocking & More | Benzinga

Avery Dennison Corporation

Avery Dennison Corporation (NYSE: AVY) reported a Q3 FY23 sales decline of 9.4% Y/Y to $2.098 billion, missing the analyst consensus of $2.17 billion.

Reported sales for the Materials group decreased by 14% Y/Y to $1.456 billion, and the Solutions Group increased by 3.1% Y/Y to $642.3 million.

Gross profit fell to $585.8 million from $619.2 million a year ago.

The company ...

Full story available on Benzinga.com
Stock Information
Company Name: Avery Dennison Corporation
Stock Symbol: AVY
Market: NYSE
Website: averydennison.com
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