AVY · 10-Q · 2026Q2 · Full report

Gross Margin Drivers

Avery Dennison Corp · 2026-08-04 · Importance 54 · Surprise 40

Six-month gross profit increased to $1,394.2 million from $1,260.6 million, a $133.6 million improvement. Gross profit benefited from higher volume, favorable foreign currency translation, pricing and raw-material effects including material re-engineering, and productivity savings from restructuring actions. Unfavorable mix and higher employee-related costs partially offset those gains. Second-quarter gross profit increased to $729.4 million from $639.1 million, while cost of products sold rose to $1,733.5 million from $1,581.4 million.

Key facts

• Cost of products sold for the three months ended June 30, 2026: $1,733.5 million. source
• Cost of products sold for the six months ended June 30, 2026: $3,367.2 million. source
• Gross profit for the three months ended June 30, 2026: $729.4 million. source
• Gross profit for the six months ended June 30, 2026: $1,394.2 million. source