---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-192716"
form_type: "8-K"
ticker: "AVY"
cik: "0000008818"
company_name: "Avery Dennison Corp"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:45:44.890489+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Avery Dennison Q2 2023 net sales $2.1B, organic sales down 10%; adjusted EPS $1.92 up 13% sequentially

## Summary
- Net sales $2.1B, organic sales change -10% (non-GAAP); sales change ex-currency also -10%.
- Reported EPS $1.24; adjusted EPS $1.92, up 13% sequentially.
- Increased accrual for legacy legal matter; company preparing for appeal.
- Q3 2023 guidance: reported EPS $1.70-$1.90; adjusted EPS $2.00-$2.20.

## SEC filing metadata
- accession: 0001193125-23-192716
- form_type: 8-K
- ticker: AVY
- cik: 0000008818
- company_name: Avery Dennison Corp
- filed_at: 2023-07-25T23:59:59+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/8818/000119312523192716/0001193125-23-192716-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8818/000119312523192716/d542779d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-192716
- JSON: https://secwatch.observer/filing/0001193125-23-192716.json
- Plain text: https://secwatch.observer/filing/0001193125-23-192716.txt

## Key facts
- Earnings Releases
  Avery Dennison Corp reported the second quarter ended July 1, 2023 results: revenue $2.1 billion, EPS $1.24.
  - Period: the second quarter ended July 1, 2023
  - Revenue: $2.1 billion
  - EPS: $1.24
  - Result: preliminary results
  source text: and Exhibits --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 For Immediate Release AVERY DENNISON ANNOUNCES SECOND QUARTER 2023 RESULTS Highlights: ● 2Q23 Net sales of $2.1 billion ¡ Sales change ex. currency (non-GAAP) down 10% ¡ Organic sales change (non-GAAP) down 10% ● 2Q23 Reported EPS of $1.24 ¡ Increased accrual for legacy legal matter; preparing for
  evidence_url: https://www.sec.gov/Archives/edgar/data/8818/000119312523192716/0001193125-23-192716-index.htm
- Earnings Releases
  Avery Dennison Corp reported the third quarter of 2023 results: EPS $1.70 to $1.90. Guidance initiated.
  - Period: the third quarter of 2023
  - EPS: $1.70 to $1.90
  - Guidance: initiated
  - Result: guidance update
  source text: preparing for appeal ¡ Adjusted EPS (non-GAAP) of $1.92, up 13% sequentially ● 3Q23 Reported EPS guidance of $1.70 to $1.90 ¡ Adjusted EPS guidance of $2.00 to $2.20 MENTOR, Ohio, July 25, 2023 – Avery Dennison Corporation (NYSE:AVY) today announced preliminary, unaudited results for its second quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/8818/000119312523192716/0001193125-23-192716-index.htm

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