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2Q19 net sales declined 3.2% to $1.8 billion, with organic sales growth (non-GAAP) of 1.6%.
July 24, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
Avery Dennison Corporation announced preliminary, unaudited results for its second quarter ended June 29, 2019. Its 2Q19 net sales declined 3.2% to $1.8 billion, with organic sales growth (non-GAAP) of 1.6%. “Our Q2 earnings were in line with our expectations, as we more than offset softer-than-expected organic growth with accelerated productivity actions,” said Mitch Butier, president and CEO. “High value categories continue to grow faster than the base business, which, combined with our rele...
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