Net Sales Jump Nearly 38% for Avery Dennison in 2021 Second Quarter
The company reported net sales for the quarter increased 37.5% compared to the 2020 second quarter.
Avery Dennison Corp. recently announced preliminary, unaudited results for its second quarter ended July 3, 2021. Net sales for the quarter increased 37.5% compared to the 2020 second quarter, to $2.1 billion; organic sales grew by 28.1%.
“We delivered another strong quarter, ahead of expectations, raised our outlook for the second half, and announced an agreement to acquire Vestcom that will build upon and expand RBIS’ strengths,” said Mitch Butier, president and CEO. “Revenue was up 28 percent organically compared to prior year and up 11 percent compared to 2019, as RBIS and IHM rebounded significantly from prior year lows and strength in LGM continued.