{
  "url": "https://struct.news/briefs/avery-dennisons-11-sales-jump-came-with-a-customer-inventory-asterisk",
  "title": "Avery Dennison's 11% sales jump came with a customer-inventory asterisk",
  "summary": "Operating cash flow rose from $192.5 million to $544.7 million in six months, even as management tied current volume partly to customer inventory stocking.",
  "published_at": "2026-08-04T20:22:21.308243+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Avery Dennison Corporation",
    "ticker": "AVY",
    "cik": "8818",
    "sector": "Consumer Cyclical",
    "industry": "Packaging & Containers"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-04",
    "accession": "0000008818-26-000131",
    "url": "https://www.sec.gov/Archives/edgar/data/8818/000000881826000131/avy-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-07-29",
    "url": "https://www.sec.gov/Archives/edgar/data/8818/000000881825000040/avy-20250628.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 8855500000,
      "display": "$8.9B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0000008818-26-000131",
        "filing_date": "2026-08-04"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 1.1398289114519677,
      "display": "+1.1%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000008818-26-000131",
        "filing_date": "2026-08-04"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Net margin",
      "value": 7.7691829936197845,
      "display": "+7.8%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000008818-26-000131",
        "filing_date": "2026-08-04"
      }
    }
  ],
  "watch_next": [
    {
      "type": "demand",
      "statement": "Avery Dennison said second-quarter organic sales benefited from higher volume partly because customers stocked inventory; compare that language and volume in the next filing.",
      "importance": "medium",
      "evidence": "higher volume in part resulting from customer inventory stocking",
      "source_date": "2026-08-04"
    },
    {
      "type": "pricing",
      "statement": "Organic sales growth was partly offset by unfavorable mix and raw-material-deflation-related price reductions; compare the next filing's pricing and mix language.",
      "importance": "medium",
      "evidence": "higher volume, partially offset by unfavorable mix and raw material deflation-related price reductions.",
      "source_date": "2026-08-04"
    }
  ],
  "related_tickers": [
    "AVY"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}