Avery Dennison Sales Jump Nearly 20% in 2021 Third Quarter
In response to its performance in the third quarter, the company has raised its full-year outlook.
Avery Dennison Corp. recently announced preliminary, unaudited results for its third quarter ended October 2, 2021. Net sales increased 19.8% compared to the prior-year third quarter, to almost $2.1 billion.
“We delivered another strong quarter,” said Mitch Butier, chairman, president, and CEO. “Both LGM and RBIS delivered impressive top and bottom-line growth, with continued momentum in Intelligent Labels. This strong performance comes during a challenging period given the ongoing global health crisis, as supply chains remain tight and significant inflationary pressures continue to build.