Avery Dennison Net Sales Essentially Flat for Fiscal 2020
The company reported net sales for fiscal year 2020 declined 1.4% to $6.97 billion, while net sales in the fourth quarter were up 12.3% to $1.99 billion.
Avery Dennison Corp. recently announced preliminary, unaudited results for its fourth quarter and fiscal year ended January 2, 2021, and provided an update related to the impact of the COVID-19 pandemic on the company. Net sales in the fourth quarter were $1.99 billion, up 12.3%. The extra week in 2020 increased sales 4.9%. Sales for the quarter were up 5.2% excluding currency and up 3.2% on an organic basis.
Fiscal year 2020 net sales declined 1.4% to $6.97 billion. Excluding currency, sales increased 1.7% for the year; organic sales rose 3.4%.