The earnings call presented a mixed outlook with strong performance in high-value categories, shareholder returns, and growth in food and logistics. However, there were significant challenges with apparel sales decline, trade policy impacts, and softer growth in certain regions. The intelligent labels platform also faced challenges, affecting growth prospects.

Company Guidance -

Q3 2025

During Avery Dennison's earnings call for the second quarter ended June 28, 2025, the company delivered strong financial results with adjusted earnings per share of $2.42, up 5% sequentially, and comparable to the prior year. The Materials Group reported an adjusted EBITDA margin of 17.8% with sales down 1% organically due to modest volume growth offset by price reductions. The Solutions Group's sales also declined 1% organically; however, they achieved a solid adjusted EBITDA margin of 17.1%. Despite a 6% decline in overall apparel sales, segments like food and logistics saw mid-teens growth. The company generated nearly $190 million in adjusted free cash flow and maintained a strong balance sheet with a net debt to adjusted EBITDA ratio of 2.3. Avery Dennison is cautiously optimistic about the third quarter, expecting earnings per share to be comparable to the prior year, and anticipates a return to earnings growth by the fourth quarter, driven by productivity efforts and anticipated stabilization in apparel volumes.

Solid Earnings Performance

Adjusted earnings per share of $2.42, up 5% sequentially and comparable to prior year. Strong adjusted free cash flow of nearly $190 million in the quarter.

Dividend Increase and Shareholder Returns

Returned roughly $500 million to shareholders through share repurchases and dividends in the first 6 months of the year. Announced a 7% increase in quarterly dividend to $0.94 per share.

Strong Performance in High-Value Categories

Materials Group delivered strong productivity and margins with high-value categories constituting over 1/3 of sales. Vestcom was up roughly 10% due to new program rollouts.

Growth in Food and Logistics Categories

Strong growth in food, logistics, and other categories, up mid-teens collectively. Strategic collaboration with Kroger continues to ramp as expected.

Avery Dennison (AVY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AVY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	2.35 / -	2.33	―	―	―
Jul 22, 2025	2025 (Q2)	2.39 / 2.42	2.42	0.00% (0.00)
Apr 23, 2025	2025 (Q1)	2.32 / 2.30	2.29	0.44% (<+0.01)
Jan 30, 2025	2024 (Q4)	2.38 / 2.38	2.16	10.19% (+0.22)
Oct 23, 2024	2024 (Q3)	2.33 / 2.33	2.1	10.95% (+0.23)
Jul 23, 2024	2024 (Q2)	2.25 / 2.42	1.92	26.04% (+0.50)
Apr 24, 2024	2024 (Q1)	2.15 / 2.29	1.7	34.71% (+0.59)
Jan 31, 2024	2023 (Q4)	2.17 / 2.16	1.65	30.91% (+0.51)
Oct 25, 2023	2023 (Q3)	2.10 / 2.10	2.46	-14.63% (-0.36)
Jul 25, 2023	2023 (Q2)	2.05 / 1.92	2.64	-27.27% (-0.72)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AVY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$179.01	$181.67	+1.49%
Apr 23, 2025	$173.92	$169.36	-2.62%
Jan 30, 2025	$190.97	$180.65	-5.40%
Oct 23, 2024	$209.35	$204.68	-2.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Avery Dennison Corp. (AVY) report earnings?

Avery Dennison Corp. (AVY) is schdueled to report earning on Oct 22, 2025, Before Open (Confirmed).

What is Avery Dennison Corp. (AVY) earnings time?

Avery Dennison Corp. (AVY) earnings time is at Oct 22, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is AVY EPS forecast?

AVY EPS forecast for the fiscal quarter 2025 (Q3) is 2.35.

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