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15:00
Jul 30 ◎

AVY FY2026 Q2 Watch

Avery Dennison Corporation (AVY) FY2026 Q2 Earnings Call

WMT KR AVY ▾

Deon Stander

Walmart's commitment to RFID technology is deepening, with expansion into food following prior rollouts in general merchandise and apparel. This signals continued volume growth for Avery Dennison's intelligent labels platform.

"And they continue to see their return on investment of the technology as well, both in those areas as well as in food."

WMT WATCH

Deon Stander

Kroger's RFID rollout is proceeding as planned, with the next phase involving protein piloting. A successful pilot could lead to a significant expansion next year, benefiting Avery Dennison.

"Specifically on Kroger, the rollout continues to go as they planned. And the second half of the year, the only thing that is different that we said we'd be working on, which we are, which is really the protein piloting."

KR WATCH

Deon Stander

Management's guidance and tone point to strong underlying momentum, with growth accelerating in high-value categories and confident in full-year targets despite near-term destocking headwinds.

"Our updated 2026 outlook anticipates 3% to 4% organic sales growth and roughly 7% EPS growth, demonstrating positive momentum toward our long-term targets."

AVY WATCH

HIGH

15:00
Apr 28 ◎

AVY FY2026 Q1 Watch

Avery Dennison Corporation (AVY) FY2026 Q1 Earnings Call

WMT AVY ▾

Dion Stander

Avery Dennison expects a significant ramp in intelligent labels from Walmart in the back half of 2026, indicating strong demand from this key customer.

"We talked about the Walmart ramp for us in the second half of the year."

WMT WATCH

Dion Stander

Despite near-term challenges from inflation and destocking, management is guiding for sequential earnings growth throughout 2026, driven by productivity, high-value category growth, and intelligent labels ramp in the second half.

"we continue to expect 2026 growth for our Enterprise Intelligent Labels platform to outpace 2025."

AVY WATCH

HIGH

16:00
Feb 04 ◎

AVY FY2025 Q4 Watch

Avery Dennison Corporation (AVY) FY2025 Q4 Earnings Call

ITX.MC SHEIN AVY WMT ▾

Dion Stander

Avery Dennison's work with Inditex on loss prevention expands the use case of intelligent labels, potentially driving increased adoption and volumes.

"We continue to see significant interest in leveraging the technology, not just for inventory accuracy, but also for loss prevention. The work that we did with the proprietary work with, for example, the Inditex Group."

ITX.MC WATCH

Dion Stander

Tariff-related uncertainty and supply chain shifts from China impacted general retail volumes, potentially affecting companies like Shein that rely heavily on China-based manufacturing.

"Most general merchandise was orientated out of China and the surrounding areas, and so there was quite a drop off in demand, at least from retailers for that product as they were thinking through the supply chains."

SHEIN WATCH

Dion Stander

Management provided cautious 1Q 2026 guidance with flat organic growth, but expressed confidence in returning to stronger growth driven by high-value categories and productivity actions.

"Given key economic indicators remain largely consistent with 2025 levels, we are not planning for any macroeconomic tailwinds in the near term."

AVY WATCH

Dion Stander

Walmart's fresh grocery rollout is expected to generate value equivalent to high single digits to low double digits of Avery Dennison's 2025 sales. — The Walmart contract represents a significant revenue ramp for Avery Dennison, with meaningful volume expected in the second half of 2026 and accelerating into 2027.

"In food, adoption is set to accelerate through our major fresh grocery rollout with Walmart, with revenues ramping in the back half of 2026."

WMT WATCH

HIGH

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