Net Sales for Avery Dennison Essentially Flat in First Quarter of 2020
Avery Dennison’s first quarter 2020 net sales were $1.72 billion, a decrease of 1% compared to the 2019 first quarter.
Avery Dennison Corp. recently announced preliminary, unaudited results for its first quarter ended March 28, 2020. Net sales were $1.72 billion, a decrease of 1% compared to the 2019 first quarter. On an organic basis, sales grew 0.3%.
“The coronavirus is having a substantial impact on our teams, our markets and customers, our communities, and, of course, our shareholders,” said Mitch Butier, chairman, president, and CEO. “The situation has been evolving in unpredictable ways, and the team is doing a tremendous job adapting to the new reality, anticipating and planning for various scenarios.