Avery Dennison management commentary cites destocking as drag on Q3 2026 adjusted EPS growth

• Avery Dennison management commentary attributed third-quarter 2026 organic sales growth of 3.7% to underlying growth partly offset by customer destocking.
• Destocking reduced organic sales growth by approximately 2 percentage points, roughly half the anticipated impact.
• Adjusted earnings rose 2% to $2.42 per share despite an estimated 6% impact from destocking.
• Materials Group’s adjusted operating margin fell 110 basis points to 14.1% as unfavorable volume/mix and higher employee-related costs outweighed productivity gains.
• Solutions Group’s adjusted operating margin rose 80 basis points to 10.8%, with productivity gains partially offset by higher employee-related costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avery Dennison Corporation published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.