Avery Dennison Corp Stock Price, News & Analysis

Avery Dennison (NYSE: AVY) has announced a collaboration with The Kroger Co. to implement RFID inventory automation technology in grocery retail. This partnership aims to enable item-level digital identification, improving inventory accuracy, maximizing freshness, reducing waste, and optimizing associates' time.

The initiative will begin in Kroger's bakery department, using RFID-embedded labels on each item. This strategic move is expected to provide significant time savings and valuable data for automating inventory management and freshness optimization. It serves as a foundational step towards enhancing customer and associate experiences across all fresh categories in the long term.

Jordan Poff, VP of retail operations at Kroger, emphasized that this collaboration will improve inventory visibility, ensuring products are available when customers want them while allowing associates to spend more time with customers. Julie Vargas, VP and GM of identification solutions at Avery Dennison, highlighted the company's commitment to connecting physical products with digital identities to improve data accuracy and efficiency in retail operations.

Avery Dennison (NYSE: AVY), a global leader in materials science and digital identification solutions, has announced the scheduling of its third quarter 2024 earnings conference call. The call will take place on Wednesday, October 23, 2024, at 11:00 a.m. ET. Prior to the call, the company will release its third quarter 2024 earnings report at approximately 6:45 a.m. ET on the same day.

Investors and interested parties can access the live webcast of the conference call through Avery Dennison's Investor Relations website. For those unable to attend the live event, a replay of the webcast will also be made available on the same platform.

Avery Dennison (NYSE: AVY), a global leader in materials science and digital identification solutions, is set to host its 2024 Investor Day in New York, NY. The event will feature a briefing by senior management from 9:30 a.m. to 11:30 a.m. Eastern time.

During the presentation, company executives will discuss industry trends, future opportunities, and answer investor questions. The Investor Day will be webcast live, with a replay available on Avery Dennison's Investor Relations website at www.investors.averydennison.com.

This event provides an important platform for Avery Dennison to communicate its strategic vision and growth prospects to the investment community, potentially impacting investor sentiment and stock performance.

Avery Dennison (NYSE:AVY) has announced a quarterly cash dividend of $0.88 per share. The dividend will be paid on September 18, 2024 to shareholders of record as of September 4, 2024. This declaration by the Board of Directors demonstrates the company's commitment to returning value to its shareholders through regular dividend payments. The announcement provides clarity on the upcoming dividend distribution, allowing investors to plan accordingly.

Avery Dennison (NYSE:AVY) reported strong second quarter 2024 results, with significant earnings growth driven by higher volume and productivity gains. Key highlights include:

- Reported EPS of $2.18, up 76%
- Adjusted EPS (non-GAAP) of $2.42, up 26%
- Net sales of $2.2 billion, up 7%
- Organic sales growth of 7%

The company raised its full-year 2024 adjusted EPS guidance to $9.30 to $9.50. Both Materials and Solutions Groups delivered strong top- and bottom-line growth. The company continues to target significant growth in Intelligent Labels as apparel volumes normalize and new categories adopt their solutions.

Avery Dennison (NYSE: AVY) has announced its second quarter 2024 earnings conference call, set for July 23rd at 12:00 p.m. ET. The earnings release will be issued earlier the same day at 6:45 a.m. ET.

The company will also hold its 2024 Investor Day on September 18th at 9:30 a.m. ET at the New York Stock Exchange. In-person attendance requires pre-registration due to space, while a live virtual webcast will be available for broader access. Replays of these events will be accessible on Avery Dennison's Investor Relations website.

Avery Dennison (NYSE: AVY) announced the appointment of Ward Dickson to its board of directors, effective June 1, 2024. Dickson, 61, previously served as executive vice president and CFO at WestRock Company, a packaging solutions firm with $20.3 billion in 2023 revenues. He also held a similar role at RockTenn Company and finance positions at Cisco Systems. Avery Dennison's board members highlighted his financial expertise and leadership experience across multiple industries. Dickson holds a BS in Business from Indiana University.

Avery Dennison (AVY) will be participating in investor events including BMO’s Farm to Market and Chemicals Conference and Baird’s Global Consumer, Technology and Services Conference. Greg Lovins, CFO, and Deon Stander, CEO, will be presenting. For more information, visit www.investors.averydennison.com.