Avery Dennison reports 11% sales growth and raises focus on 2026 outlook

Avery Dennison reported preliminary second-quarter 2026 net sales of $2.46 billion, up 10.9% year over year, with reported EPS of $2.67 and adjusted EPS of $2.89, up 19.4%; organic sales increased 7.6%, led by the Materials Group. The company maintained full-year 2026 guidance of $9.40-$9.70 in reported EPS and $10.00-$10.30 in adjusted EPS, while noting that customer inventory stocking contributed about half of first-half organic sales growth and is expected to largely unwind in the second half. Through June 30, Avery Dennison returned $347 million to shareholders through $198 million of repurchases and $149 million of dividends.