AVY · 10-Q · 2026Q3 · Full report

Guidance / Outlook

Avery Dennison Corp · 2026-11-03 · Importance 44 · Surprise 24

For 2026, Avery Dennison expects foreign-currency translation, based on recent rates, to benefit full-year net sales and operating income. It also anticipates higher interest expense and a full-year effective tax rate in the high-twenty percent range. Management expects incremental savings from restructuring actions, net of transition costs, while normalization of most prior-year temporary cost-saving actions—largely lower incentive compensation—is expected to be unfavorable to operating income.

Key facts

• Avery Dennison anticipated incremental savings from restructuring actions in 2026, net of transition costs. source
• Avery Dennison anticipated a favorable full-year 2026 impact on net sales and operating income from foreign currency translation, based on recent rates. source
• Avery Dennison anticipated higher interest expense in 2026. source
• Avery Dennison anticipated an unfavorable impact to 2026 operating income from normalization of the majority of prior-year temporary cost-saving actions, largely related to lower incentive compensation. source