Avery Dennison expects 2026 adjusted EPS of $10.10-$10.24
AVY•Avery Dennison forecast fiscal 2026 adjusted earnings of $10.10-$10.24 per share and reported earnings of $9.45-$9.59 per share. It projected sales growth of approximately 5.5% and said third-quarter adjusted earnings rose 2% to $2.42 per share.
1. 2026 outlook
Avery Dennison forecast fiscal 2026 adjusted earnings of $10.10-$10.24 per share, with reported earnings of $9.45-$9.59 per share. Sales growth is projected at approximately 5.5%, including organic growth of approximately 3.5%.
2. Costs and destocking
The company expects most remaining customer inventory destocking in the fourth quarter, with a calendar shift adding an estimated 1.5% sales headwind. Restructuring savings are forecast above $65 million, compared with above $60 million previously, while planned capital spending falls to approximately $240 million from $260 million.
3. Third-quarter earnings
Third-quarter adjusted earnings rose 2% to $2.42 per share despite an estimated 6% drag from destocking.
