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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“and one point of growth from the Taylor Adhesives acquisition.”
Avery Dennison's acquisition of Taylor Adhesives (closed 2025) contributed roughly a point of reported sales growth and is expanding its high-value Materials Group portfolio.
“The work that we did were the proprietary work with, for example, the Inditex Group.”
Inditex (Zara parent) is cited as an apparel intelligent-label customer engaged in proprietary loss-prevention work with Avery Dennison.
“adoption is set to accelerate through our major fresh grocery rollout with Walmart, with revenues ramping in 2026.”
Walmart is a marquee intelligent-label customer for Avery Dennison; its fresh-grocery RFID rollout is expanding and driving Avery's food-category growth, a positive read-through on Walmart's fresh-food traceability investment.
“we extended our rollout with the Inditex Group, leveraging our new proprietary loss detection technology that they've introduced.”
Avery Dennison extended its apparel RFID rollout with Inditex Group, adding proprietary loss-detection technology.
“we allocated $390 million to the Taylor Adhesives acquisition.”
Avery Dennison closed the $390M Taylor Adhesives bolt-on, strengthening its Materials Group high-value adhesives franchise.
“Williard is a strong partner of ours. We have strengthened our strategic partnership.”
Avery Dennison strengthened its strategic partnership with Wiliot (IoT sensing), managing part of Wiliot's pallet/case-level rollout with Walmart.
“We continue to do really solid work in our partnership with UPS.”
Avery Dennison's logistics RFID partnership with UPS continues to grow, with expected share expansion at UPS this year.
“we jointly announced a major partnership with Walmart to leverage Avery Dennison's RFID innovation and solutions in their fresh grocery categories of bakery, meat, and deli.”
Avery Dennison announced a major RFID partnership with Walmart across fresh grocery (bakery, meat, deli), a marquee adoption milestone for Intelligent Labels.
“Strong growth continued in food as our strategic collaboration with Kroger ramps up as expected.”
Avery Dennison's fresh-food RFID collaboration with Kroger is ramping as expected, driving Intelligent Labels food-segment growth.
“for customers like Fast Retailing, which is UNIQLO, as you know it, and also the Decathlon in Europe.”
Avery Dennison cites Decathlon as a European customer it has helped enable self-checkout capability for in apparel retail.
“for customers like Fast Retailing, which is UNIQLO, as you know it, and also the Decathlon in Europe.”
Avery Dennison cites Fast Retailing (UNIQLO) as a customer it has helped enable self-checkout capability for in apparel retail.
“We've spoken openly about with Inditex that will actually gain us share as we move forward”
Avery Dennison's apparel loss-detection product suite with Inditex is expected to help it gain market share in Intelligent Labels.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| George Staphos | Bank of America | 12 (0%) |
| Jeff Zekauskas | JPMorgan | 8 (13%) |
| John McNulty | BMO Capital Markets | 7 (0%) |
| Mike Roxland | Truist Securities | 6 (17%) |
| Matt Roberts | Raymond James | 6 (0%) |
| Ghansham Panjabi | Robert W. Baird | 6 (0%) |
| John Dunigan | Jefferies | 5 (20%) |
| Josh Spector | UBS | 5 (60%) |
| Tony Pettinari | Citigroup | 5 (0%) |
| Mike Leithead | Barclays | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 1 | 12 (0%) |
| JPMorgan | 1 | 8 (13%) |
| BMO Capital Markets | 1 | 7 (0%) |
| Citigroup | 2 |
| 6 (0%) |
| UBS | 2 | 6 (50%) |
| Robert W. Baird | 1 | 6 (0%) |
| Truist Securities | 1 | 6 (17%) |
| Raymond James | 1 | 6 (0%) |
Avery Dennison closed FY2025 with adjusted EPS of $9.53 and $700 million in free cash flow, as Q4 EPS of $2.45 rose 3% year-over-year on 3.9% revenue growth. Management introduced FY2026 guidance of approximately 6% EPS growth at midpoint on 0-2% organic sales growth. IL grew mid-single digits with food and logistics up high teens, but base apparel fell 7% worse than expected on tariff impacts. High-value categories expanded to 45% of sales, and $860 million was returned to shareholders.
Demand | Innovation & R&D | Cost Pressure | Competitive Dynamics | Trade Tariffs | Pricing | Supply Chain | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 2 | 2 | 2 | 1 | 2 | 1 | 1 |
| 2025Q1 | 4 | 4 | 3 | 1 | 7 | 2 | 4 | |
| 2025Q2 | 6 | 5 | 1 | 1 | 2 | 1 | 1 | |
| 2025Q3 | 4 | 7 | 1 | 3 | 2 | 1 | ||
| 2025Q4 | 5 | 5 | 4 | 3 | 1 | 1 | 4 | |
| 2026Q1 | 7 | 4 | 3 | 2 | 3 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 4 | 4 | 6 | 4 | 5 | 7 |
| Innovation & R&D | 2 | 4 | 5 | 7 | 5 | 4 |
| Cost Pressure | 2 | 3 | 1 | 1 | 4 | 3 |
| Competitive Dynamics | 2 | 1 | 1 | 3 | 3 | 2 |
| Trade Tariffs | 1 | 7 | 2 | 1 | ||
| Pricing | 2 | 2 | 1 | 2 | 1 | 3 |
| Supply Chain | 1 | 4 | 1 | 1 | ||
| Margin | 1 | 1 | 4 | 1 |