Q2 Industrial Packaging Earnings Review: First Prize Goes to Avery Dennison (NYSE:AVY) [Yahoo! Finance]
Avery Dennison Corporation (AVY)
Last avery dennison corporation earnings: 4/29 06:45 am
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US:NYSE Investor Relations:
investors.averydennison.com/investor-overview
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Source: Yahoo! Finance
Industrial packaging companies have built competitive advantages from economies of scale that lead to advantaged purchasing and capital investments that are difficult and expensive to replicate. Recently, eco-friendly packaging and conservation are driving customers preferences and innovation. For example, plastic is not as desirable a material as it once was. Despite being integral to consumer goods ranging from beer to toothpaste to laundry detergent, these companies are still at the whim of the macro, especially consumer health and consumer willingness to spend. The 9 industrial packaging stocks we track reported a satisfactory Q2. As a group, revenues missed analysts' consensus estimates by 0.7% while next quarter's revenue guidance was 2.3% below. Big picture, the Federal Reserve has a dual mandate of inflation and employment. The former had been running hot throughout 2021 and 2022 but cooled towards the central bank's 2% target as of late. This prompted the Fed to cut its
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News
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- Why Avery Dennison Corporation (NYSE:AVY) Looks Like A Quality Company [Yahoo! Finance]Yahoo! Finance
- Avery Dennison Announces Upcoming Investor EventsBusiness Wire
- Avery Dennison (AVY) Posts 26% EPS Growth in Q2 2024 [Yahoo! Finance]Yahoo! Finance
AVY
Earnings
- 10/23/24 - Beat
AVY
Sec Filings
- 11/21/24 - Form 3
- 11/15/24 - Form 8-K
- 11/14/24 - Form SC
- AVY's page on the SEC website