secwatch.observer — SEC 8-K summary
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Issuer:     Avery Dennison Corp (AVY)
CIK:        0000008818
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001193125-23-116625
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8818/000119312523116625/0001193125-23-116625-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8818/000119312523116625/d497934d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-116625

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer