AVY Latest Report

Performance of the Current Financial Report

As of December 28, 2024, Avery Dennison's (AVY) total operating revenue was US$2.186 billion. Although past period's total operating revenue data was not provided, it is not possible to conduct a specific analysis on the year-on-year change. However, the overall financial data indicates that this indicator is crucial for assessing the company's market performance and profitability.

Key Data in the Financial Report

1. In the first three quarters of 2023, Avery Dennison's cumulative revenue was US$6.254 billion, a 10.83% decrease year-on-year from US$7.013 billion in the same period last year.

2. In the fourth quarter of 2023, operating revenue was US$2.111 billion, with a cumulative net profit of US$143 million.

3. In the first quarter of 2024, operating revenue increased to US$2.151 billion, with a net profit of US$172 million.

4. In the second quarter of 2024, operating revenue reached US$2.235 billion, with a net profit of US$177 million.

5. The forecast shows that the overall operating revenue is expected to continue to grow in 2024, reaching US$6.570 billion, with a net profit of US$531 million.

Peer Comparison

1. Industry-wide analysis: The overall market demand for packaging and labeling is stable, especially driven by e-commerce and express delivery sectors. The global packaging market size increased from US$592 billion in 2023 to US$11.7 trillion, with an average annual compound growth rate of 5.41%.

2. Peer evaluation analysis: If Avery Dennison's total operating revenue growth is lower than the industry average, it may indicate that the company has problems in its market strategy and product portfolio.

Summary

Avery Dennison's total operating revenue grew in early 2024, but still shows intense industry competition compared to the overall decline in 2023. The company's revenue is expected to continue to grow under the promotion of new product launches and market demand, but it must remain sensitive to market trends to cope with potential competitive pressure.

Opportunities

1. Expansion in e-commerce and consumer goods sectors provides new growth opportunities for Avery Dennison.

2. The company's efforts in digital transformation and sustainability may further enhance its market competitiveness.

3. Continuous market demand and new product launches will drive revenue growth.

Risks

1. If market competition intensifies, it may affect Avery Dennison's market share and profitability.

2. Fluctuations in the industry's overall revenue may negatively impact the company's financial performance.

3. A pricing strategy mistake may lead to a decrease in operating revenue.