{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-116625","form_type":"8-K","ticker":"AVY","cik":"0000008818","company_name":"Avery Dennison Corp","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.578460+00:00","generated_at":"2026-06-16T14:52:15.600446+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Avery Dennison Q1 adjusted EPS $1.70 (-29% YoY); sales down 12%; FY guidance cut","bullets":["Q1 reported EPS $1.49; adjusted EPS $1.70, down 29% year-over-year.","Q1 net sales $2.1B, down 12% YoY; organic sales declined 9%.","FY 2023 adjusted EPS guidance lowered to $8.85-$9.20 from $9.15-$9.55.","Sales change ex. currency (non-GAAP) also (9%), consistent with organic trend."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-116625","json":"https://secwatch.observer/filing/0001193125-23-116625.json","markdown":"https://secwatch.observer/filing/0001193125-23-116625.md","text":"https://secwatch.observer/filing/0001193125-23-116625.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8818/000119312523116625/0001193125-23-116625-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8818/000119312523116625/d497934d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T14:52:15.600446+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1687201c51176b8ec402907b6faf18283f959bdc","claim":"Avery Dennison Corp reported first quarter of 2023 results: revenue $2.1 billion, EPS $1.49. Guidance reaffirmed.","evidence_excerpt":"AVERY DENNISON ANNOUNCES FIRST QUARTER 2023 RESULTS Highlights: ● 1Q23 Reported EPS of $1.49 ¡ Adjusted EPS (non-GAAP) of $1.70, down 29% ● 1Q23 Net sales declined 12% to $2.1 billion ¡ Sales change ex. currency (non-GAAP) of (9%) ¡ Organic sales change (non-GAAP) of (9%) ● Revised FY 2023 EPS guidance ¡ Reported EPS of $8.35 to $8.70 (previously $8.85 to $9.25) ¡ Adjusted EPS of $8.85 to $9.20 (previously $9.15 to $9.55)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/8818/000119312523116625/0001193125-23-116625-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023"},{"label":"Revenue","value":"$2.1 billion"},{"label":"EPS","value":"$1.49"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}