---
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"
generated_at: "2026-06-16T14:52:15.600446+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Avery Dennison Q1 adjusted EPS $1.70 (-29% YoY); sales down 12%; FY guidance cut

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-116625
- JSON: https://secwatch.observer/filing/0001193125-23-116625.json
- Plain text: https://secwatch.observer/filing/0001193125-23-116625.txt

## Key facts
- Earnings Releases
  Avery Dennison Corp reported first quarter of 2023 results: revenue $2.1 billion, EPS $1.49. Guidance reaffirmed.
  - Period: first quarter of 2023
  - Revenue: $2.1 billion
  - EPS: $1.49
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/8818/000119312523116625/0001193125-23-116625-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.