What Avery Dennison (AVY) Said on Its Q3 Earnings Call

Impact · against what's priced in

Avery Dennison's outlook is mixed; while a slight guidance raise and the end of European destocking provide a firmer near-term floor, the delay of the Walmart fresh-food rollout pushes a key growth catalyst into 2027. The Materials Group's margin compression further suggests that productivity is struggling to keep pace with inflation.

AVY−0.10

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In context

The delay of the Walmart fresh-food program rollout to 2027 from H2 2026 offsets the positive impact of a narrowed EPS guidance midpoint ($10.10 to $10.24) and the anticipated completion of European inventory destocking by year-end.

Read from the article alone

• earnings
• guidance
• retail
• m and a
• AVY
• intelligent labels
• inventory destocking
• logistics
• productivity
• supply chain

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